Technical Analysis

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...

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....

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....

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...

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....

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?...

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…....

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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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?...