• August 18, 2023
  • Technical Analysis
  • Comments : 0

Crude Oil Price Forecast: 7-Week Win Streak at Risk as Retail Traders Shift Exposure

Crude oil prices are on the verge of ending a 7-week winning streak as retail traders start to turn more bullish. From a contrarian standpoint, this could open the door to further losses ahead....
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  • August 18, 2023
  • Technical Analysis
  • Comments : 0

GBP/USD IG Client Sentiment: Our data shows traders are now net-short GBP/USD for the first time since Aug 01, 2023 when GBP/USD traded near 1.28.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bullish contrarian trading bias....
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  • August 18, 2023
  • Technical Analysis
  • Comments : 0

Rising Yields Support USD and GBP, Banks Weigh on S&P 500

Rising yields and banking stocks weigh on US indices. Deteriorating Chinese data prompts a response as state banks act to halt the Yuan’s recent slide....
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  • August 17, 2023
  • Technical Analysis
  • Comments : 0

US Dollar and S&P 500 at Critical Trendlines, Will Breakouts Spell Continuation?

The US Dollar has weakened to a key falling trendline while the S&P 500 has fallen to rising support. Will these hold or will breakouts spell the continuation of the near-term trends?...
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  • August 17, 2023
  • Technical Analysis
  • Comments : 0

Canadian Dollar Outlook: USD/CAD May Extend Breakout Amid Bearish Retail Traders

The Canadian Dollar weakened to its lowest point against the US Dollar since late May. Retail traders are now increasingly net-short USD/CAD, offering a stronger bullish contrarian outlook....
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  • August 16, 2023
  • Technical Analysis
  • Comments : 0

Japanese Yen Losing Streak Showing Signs of Exhaustion, Will USD/JPY Cave?

The Japanese Yen continues to weaken against the US Dollar. Now, USD/JPY is facing increasing signs of fading momentum. But, will a reversal be enough to overturn the broader bullish bias?...
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  • August 16, 2023
  • Technical Analysis
  • Comments : 0

Gold Price Forecast: XAU/USD Remains at Risk Amid Bullish Retail Traders

Gold prices are aiming for the worst month since February as retail traders become increasingly net-long. A confirmatory trendline breakout is further leaving XAU/USD at risk....
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  • August 15, 2023
  • Technical Analysis
  • Comments : 0

China News Ripples Around Global Markets

Emerging market currencies suffered at the hands of growing concerns around the Chinese economy while US equities point to a weaker open....
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  • August 15, 2023
  • Technical Analysis
  • Comments : 0

Germany 40 IG Client Sentiment: Our data shows traders are now net-long Germany 40 for the first time since Jul 07, 2023 when Germany 40 traded near 15,636.40.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Germany 40-bearish contrarian trading bias....
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  • August 15, 2023
  • Technical Analysis
  • Comments : 0

Euro Price Action Update: EUR/USD at the Beginning of a Broader Bearish Reversal?

The Euro closed at its lowest against the US Dollar since early July, with EUR/USD breaking under the 100-day Moving Average. Is this the beginning of a broader reversal?...
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