• April 24, 2023
  • Technical Analysis
  • Comments : 0

Gold Ahead of US PCE: Is XAU/USD Ripe for a Break Below Key Support?

Developments on the technical charts of gold recently indicate that the bar for a sustained rise is getting higher as US inflation remains stubbornly high just as the economy displays signs of resilience....
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  • April 24, 2023
  • Technical Analysis
  • Comments : 0

Natural Gas Price Weekly Technical Outlook: Doji Sees Upside Follow-Through, Where to?

Natural gas prices climbed for a second consecutive week. Upside follow-through after a Doji emerged earlier this month is in focus for the week ahead. What are key levels to watch?...
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  • April 21, 2023
  • Technical Analysis
  • Comments : 0

Time for Japanese Yen to Rise? USD/JPY, EUR/JPY, AUD/JPY Ahead of BOJ

The Japanese yen is largely unchanged after Japan’s inflation data met expectations, but the Japanese currency could rise ahead of the Bank of Japan meeting next week. What is outlook for USD/JPY, EUR/JPY, and AUD/JPY?...
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  • April 20, 2023
  • Technical Analysis
  • Comments : 0

Silver IG Client Sentiment: Our data shows traders are now at their least net-long Silver since Sep 26 when Silver traded near 18.41.

Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current Silver price trend may soon reverse higher despite the fact traders remain net-long....
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  • April 20, 2023
  • Technical Analysis
  • Comments : 0

How Much More Downside in New Zealand Dollar? Price Setup in NZD/USD, AUD/NZD, EUR/NZD

The New Zealand dollar has fallen sharply against the US dollar following a softer-than-expected inflation reading. However, relative monetary policy outlooks and technical charts suggest further downside in NZD/USD could be limited....
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  • April 20, 2023
  • Technical Analysis
  • Comments : 0

Is Euro’s Rally Stalling? Price Action in EUR/USD, EUR/JPY, EUR/GBP

The euro’s rally against the US dollar could be stalling as it runs into a stiff hurdle even as expectations for further tightening by the European Central Bank (ECB) grow....
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  • April 20, 2023
  • Technical Analysis
  • Comments : 0

USD/CAD IG Client Sentiment: Our data shows traders are now net-short USD/CAD for the first time since Apr 10, 2023 19:00 GMT when USD/CAD traded near 1.35.

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....
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  • April 20, 2023
  • Technical Analysis
  • Comments : 0

Natural Gas Prices Conclude Longest Winning Streak Since February, Where to?

Natural gas prices concluded the longest winning streak since the end of February as the 50-day SMA maintained the downside focus. A Rising Wedge breakout is in play on the 4-hour chart....
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  • April 19, 2023
  • Technical Analysis
  • Comments : 0

Dow and S&P 500 Price Setup: Earnings Vs Momentum

The upward momentum in US equities is improving just as earnings downgrades continue as the reporting season picks up steam. Will earnings undermine the rally in stocks?...
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  • April 18, 2023
  • Technical Analysis
  • Comments : 0

Australian Dollar Up After RBA Minutes & China GDP Data; Will AUD/USD Sustain Gains?

The Australian dollar has risen after minutes of the RBA’s April meeting showed that members considered a rate hike, and after upbeat China growth data. But will AUD/USD sustain the gains?...
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