• July 29, 2023
  • Technical Analysis
  • Comments : 0

Will NFP and Services PMI Extend Hot Streak in US Data? BoE and RBA Next

Three major central banks, the Fed, ECB and BoJ communicated their latest policy decisions with Japan making tiny strides towards normalisation. In this discussion Nick and Richard analyse the potential for a carry trade unwind and support for the pound ahead of next week...
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  • July 28, 2023
  • Technical Analysis
  • Comments : 0

Crude Oil Rally in Focus as Retail Traders Turn Net-Short for First Time Since April

WTI crude oil prices have rallied over 17 percent since bottoming. For the first time since April, retail traders are now majority short, and this has potentially bullish implications....
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  • July 28, 2023
  • Technical Analysis
  • Comments : 0

EUR/USD IG Client Sentiment: Our data shows traders are now net-long EUR/USD for the first time since Jul 06, 2023 when EUR/USD traded near 1.09.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bearish contrarian trading bias....
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  • July 27, 2023
  • Technical Analysis
  • Comments : 0

EUR/USD Whipsaws after Expected ECB Hike and Strong US GDP Data

Muted price action after yesterday’s FOMC meeting now sees a sizeable turnaround in EUR/USD after hot US GDP data and no surprises from the ECB as they hike 25-bps and hint that they’ve reached ‘sufficiently restrictive levels’ in the interest rate...
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  • July 27, 2023
  • Technical Analysis
  • Comments : 0

Gold Prices Embrace Golden Cross as XAU/USD Looks to Beyond the Fed Next

Gold prices aimed slightly higher in the aftermath of the Federal Reserve’s July rate hike. Now, a Golden Cross is forming, offering a bullish technical posture for XAU/USD....
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  • July 27, 2023
  • Technical Analysis
  • Comments : 0

Dow Jones, S&P 500 Unscathed by Fed Rate Hike. Retail Traders Turn More Bearish

The Dow Jones and S&P 500 were left unscathed by this month’s Fed rate hike. But, retail traders are becoming more bearish. Is this a sign that further gains could be in store for Wall Street?...
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  • July 26, 2023
  • Technical Analysis
  • Comments : 0

Fed Ahead as the Dollar Index Appears Vulnerable

An interesting day thus far as Australian Inflation continued its downward trajectory while Japanese Business sentiment improved. The Fed lies ahead with the Dollar Index looking susceptible to further downside. Over to Fed Chair Powell it is…....
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  • July 26, 2023
  • Technical Analysis
  • Comments : 0

Canadian Dollar Forecast: as USD/CAD Finds Support, Retail Traders are Becoming Bearish

The US Dollar appears to be stabilizing against the Canadian Dollar of late. In response, retail traders have increased bearish USD/CAD exposure. Is this a sign that the price trend is about to reverse higher?...
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  • July 25, 2023
  • Technical Analysis
  • Comments : 0

Subdued Trading Ahead of US Earnings as Traders Await FOMC

subdued-trading-ahead-of-us-earnings-as-traders-await-fomc...
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  • July 25, 2023
  • Technical Analysis
  • Comments : 0

US Dollar 5-day Winning Streak at Risk, Will Prices Hold at February Lows?

After losses during Tuesday’s Asia-Pacific trading session, the US Dollar’s 5-day winning streak is looking vulnerable. What are key levels of support to watch ahead?...
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