• May 8, 2023
  • Technical Analysis
  • Comments : 0

AUD/USD IG Client Sentiment: Our data shows traders are now net-short AUD/USD for the first time since Feb 15, 2023 when AUD/USD traded near 0.69.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bullish contrarian trading bias....
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  • May 8, 2023
  • Technical Analysis
  • Comments : 0

Bitcoin & Ethereum Price Action: Is the Rally Over?

Bitcoin and Ethereum’s rise may have stalled recently, but the uptrend is far from over. How much more downside in cryptocurrencies?...
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  • May 8, 2023
  • Technical Analysis
  • Comments : 0

British Pound Buoyant Ahead of BOE: How Much More Upside in GBP/USD?

The British pound’s rise to a one-year high against the US dollar last week is another sign that GBP/USD’s medium-term fortunes could be changing. How much more upside?...
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  • May 5, 2023
  • Technical Analysis
  • Comments : 0

USD/CAD IG Client Sentiment: Our data shows traders are now net-long USD/CAD for the first time since Apr 20, 2023 when USD/CAD traded near 1.35.

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 5, 2023
  • Technical Analysis
  • Comments : 0

Did ECB Just Put Brakes on Euro’s Rally? EUR/USD, EUR/AUD, EUR/JPY

The European Central Bank (ECB) may have just raised the bar for an imminent break higher in the euro against some of its peers. What is the outlook for EUR/USD, EUR/AUD, and EUR/JPY?...
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  • May 5, 2023
  • Technical Analysis
  • Comments : 0

Wall Street IG Client Sentiment: Our data shows traders are now net-long Wall Street for the first time since Mar 28, 2023 when Wall Street traded near 32,430.10.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Wall Street-bearish contrarian trading bias....
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  • May 4, 2023
  • Technical Analysis
  • Comments : 0

Has Japanese Yen Weakened Enough? USD/JPY, EUR/JPY, GBP/JPY Price Action

The Japanese yen has run into strong support against some of its peers, raising the prospect of some more gains in the short term. What is the outlook for USD/JPY, EUR/JPY and GBP/JPY?...
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  • May 4, 2023
  • Technical Analysis
  • Comments : 0

Crude Oil Extends Slide in Asia; Is This Capitulation?

Crude oil extended its slide in Asia morning on continued worries regarding the demand for oil, rising real interest rates, and lingering banking sector concerns. However, on technical charts oil is testing vital support, raising the prospect of a pause in the slide or even a minor rebound....
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  • May 3, 2023
  • Technical Analysis
  • Comments : 0

Australian Dollar Price Setup: EUR/AUD, GBP/AUD, AUD/JPY

The Australian dollar has rebounded against some of its peers as the Reserve Bank of Australia unexpectedly raised interest the cash rate by 25 basis points at its meeting on Tuesday. Is this a sign that AUD is gearing up for a larger retracement?...
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  • May 3, 2023
  • Technical Analysis
  • Comments : 0

US Dollar Action Ahead of Fed Rate Decision: EUR/USD, GBP/USD, AUD/USD

Teaser: The US dollar’s trend broadly remains down ahead of the US Federal Reserve’s interest rate decision However, the slide appears to be losing some steam, leaving open the possibility of a minor rebound in the short term. Will the greenback rebound after the Fed?...
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