• May 12, 2023
  • Technical Analysis
  • Comments : 0

Is New Zealand Dollar Turning Corners? Price Setup in NZD/USD, AUD/NZD, GBP/NZD

The New Zealand dollar has rebounded sharply in recent weeks against its peers in the G10 space. Against the US dollar, the New Zealand currency needs to clear a final barrier for the outlook to improve materially. How are AUD/NZD and GBP/NZD looking?...
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  • May 12, 2023
  • Technical Analysis
  • Comments : 0

GBP/USD IG Client Sentiment: Our data shows traders are now net-long GBP/USD for the first time since Apr 25, 2023 when GBP/USD traded near 1.24.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bearish contrarian trading bias....
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  • May 11, 2023
  • Technical Analysis
  • Comments : 0

EUR/GBP IG Client Sentiment: Our data shows traders are now at their most net-long EUR/GBP since Dec 01 when EUR/GBP traded near 0.86.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bearish contrarian trading bias....
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  • May 10, 2023
  • Technical Analysis
  • Comments : 0

Japanese Yen Price Setups with US CPI in Focus: USD/JPY, EUR/JPY, GBP/JPY

The US CPI data later Wednesday could confirm if the recent rebound is a dead cat bounce or the start of a renewed leg higher in the Japanese yen at least against some of its peers. What are the levels to watch?...
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  • May 10, 2023
  • Technical Analysis
  • Comments : 0

Gold Ahead of US CPI: Make or Break Moment?

Gold remains lofty as US debt ceiling talks continue ahead of key US inflation data later Wednesday. What are some of the scenarios that could unfold in the short term?...
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  • May 10, 2023
  • Technical Analysis
  • Comments : 0

Australian Dollar Range Trade Set-Ups Galore. Which AUD Cross will Break First?

The Australian Dollar is facing range-bound servitude against a number of currencies. Will AUD/USD, AUD/NZD, AUD/JPY, or AUD/CAD be the first to snap to new levels?...
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  • May 9, 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 May 02, 2023 02:00 GMT when EUR/USD traded near 1.10.

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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  • May 9, 2023
  • Technical Analysis
  • Comments : 0

USD/CAD IG Client Sentiment: Our data shows traders are now at their most net-long USD/CAD since Jun 07 when USD/CAD traded near 1.25.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CAD-bearish contrarian trading bias....
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  • May 9, 2023
  • Technical Analysis
  • Comments : 0

Australian Dollar Ahead of Budget: AUD/USD, AUD/JPY, EUR/AUD, Price Setups

Tentative signs are emerging on technical charts that the Australian dollar may have found an interim floor. However, AUD would need to do some more work to be out of the woods. What is the outlook for AUD/USD, EUR/AUD, AUD/JPY?...
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  • May 9, 2023
  • Technical Analysis
  • Comments : 0

NZD/USD IG Client Sentiment: Our data shows traders are now net-short NZD/USD for the first time since Mar 17, 2023 when NZD/USD traded near 0.63.

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