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Euro Technical Update: EUR/USD Might be Readying to Extend Lower

Euro Technical Update: EUR/USD Might be Readying to Extend Lower

The Euro is on the verge of confirming a key downside breakout against the US Dollar. But, be wary of fading momentum on the 4-hour chart heading into...
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US Indices Rally Beginning to Crack? S&P 500, Nasdaq Price Setups

US Indices Rally Beginning to Crack? S&P 500, Nasdaq Price Setups

Relatively bigger down days than up days since late July on the daily charts of the Nasdaq 100 index and the S&P 500 index’s fall below support ...
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USD/CAD IG Client Sentiment: Our data shows traders are now net-short USD/CAD for the first time since Jun 01, 2023 when USD/CAD traded near 1.34.

USD/CAD IG Client Sentiment: Our data shows traders are now net-short USD/CAD for the first time since Jun 01, 2023 when USD/CAD traded near 1.34.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CAD-bu...
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Crude Oil Crunched as Markets Recoil from Fitch Downgrade. Lower WTI?

Crude Oil Crunched as Markets Recoil from Fitch Downgrade. Lower WTI?

Crude oil prices are under the pump today as macro conditions unwind the jolly July rally on US debt woes and although stockpiles have been depleted, ...
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Asia Day Ahead: Downbeat Handover from Wall Street: Nikkei 225, GBP/USD, Nasdaq 100

Asia Day Ahead: Downbeat Handover from Wall Street: Nikkei 225, GBP/USD, Nasdaq 100

Market sentiments continue to reel in from the US credit rating downgrade by Fitch overnight, with overbought technical conditions potentially exacerb...
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Gold Price Forecast: Treasury Yields and Retail Exposure Pressure XAU/USD

Gold Price Forecast: Treasury Yields and Retail Exposure Pressure XAU/USD

Gold prices are being pressured by the rise in longer-term US Treasury yields. Now, retail traders are more bullish and this is further undermining th...
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US Jobs Report Preview: NFP Data to Shape Gold, US Dollar, and S&P 500’s Outlook

US Jobs Report Preview: NFP Data to Shape Gold, US Dollar, and S&P 500’s Outlook

The July nonfarm payrolls report will provide valuable information on the health of the U.S. economy and help shape the near-term outlook for gold, th...
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Gold Prices Feel the Squeeze as Yields Rocket Ahead of NFP, Key XAU/USD Levels

Gold Prices Feel the Squeeze as Yields Rocket Ahead of NFP, Key XAU/USD Levels

Gold prices slide for the second straight day amid U.S. dollar strength and rising Treasury yields following better-than-expected U.S. economic and Fi...
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British Pound (GBP) Latest; GBP/USD Stalls, GBP/NZD Prints a 3-Year+ High

British Pound (GBP) Latest; GBP/USD Stalls, GBP/NZD Prints a 3-Year+ High

A mixed bag from Sterling-crosses today with GBP/USD seemingly stuck, while GBP/NZD touches its highest levels since April 2020...
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