Technical Analysis

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-bullish contrarian trading bias....

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 the XAU/USD outlook....

US Ratings Downgrade Conundrum Unpacked

The dollar rallied as US Treasury yields fell supplemented by an ADP employment change beat ahead of the US trading session....

FTSE 100 IG Client Sentiment: Our data shows traders are now net-long FTSE 100 for the first time since Jul 20, 2023 when FTSE 100 traded near 7,644.70.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bearish contrarian trading bias....

British Pound Might be in Trouble as Retail Traders Turn Net-Long GBP/USD

The British Pound continues to be pressured by the US Dollar. Now, retail traders have turned net-long GBP/USD. Is this a signal that further pain is in store for Sterling?...

RBA keep rates unchanged, US dollar picks up a small bid

RBA keep rates unchanged, US dollar picks up a small bid...

Japanese Yen Remains Under Pressure as USD/JPY Looks for Upside Breakout

The Japanese Yen is once again under pressure from the US Dollar in the aftermath of the BoJ. USD/JPY might be readying to resume the broader upside focus. What are key levels ahead?...

Gold Price Outlook: XAU/USD May Climb as Retail Traders Unwind Upside Bets

Gold prices have continued to stabilize following a string of losses from May until early July. Retail traders continue to slowly increase downside exposure. Is this bullish for XAU/USD?...

Oil – US Crude IG Client Sentiment: Our data shows traders are now at their least net-long Oil – US Crude since Apr 13 when Oil – US Crude traded near 82.46.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Oil – US Crude-bullish contrarian trading bias....

Euro Starts off New Week at Key Support, Will EUR/USD Turn Higher Next?

The Euro weakened against the US Dollar last week. Still, EUR/USD was unable to clear key rising support as downside momentum faded. What are key levels to watch as the week gets going?...