• April 18, 2023
  • Technical Analysis
  • Comments : 0

US Dollar Outperforms Again, but Key Resistance Holds. USD/JPY Looks More Interesting

The US Dollar (DXY) had its best 2-day performance since early March, but it might be too early to call a reversal in progress. There are key levels that have yet to break, but USD/JPY looks more interesting....
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  • April 17, 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 Mar 17, 2023 when GBP/USD traded near 1.22.

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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  • April 17, 2023
  • Technical Analysis
  • Comments : 0

Japanese Yen Weekly Forecast: Bullish Triangle or Double Top for USD/JPY?

The Japanese yen is at an important crossroads against the US dollar ahead of the release of key Japan inflation data. Which way is USD/JPY headed?...
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  • April 17, 2023
  • Technical Analysis
  • Comments : 0

British Pound Price Setup: GBP/USD Rally Due for a Minor Pause?

A negative divergence on the daily charts suggests the British pound’s rally against the US dollar is losing steam in the short term, pointing to the possibility of a consolidation/minor retreat ahead of key UK data due this week....
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  • April 17, 2023
  • Technical Analysis
  • Comments : 0

Natural Gas Price Week Ahead: Bearish Rectangle Brews, Will a Breakout Unfold?

Natural gas prices continue stabilizing around the February low. Meanwhile, a Bearish Rectangle is brewing on the 4-hour timeframe. Will a breakout unfold in the week ahead?...
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  • April 14, 2023
  • Technical Analysis
  • Comments : 0

Nasdaq 100 and S&P 500 to Retest August Highs – A Question of When Not If?

Gradually improving upward momentum in the Nasdaq 100 and the S&P 500 index raise the odds of a rise toward their respective August highs as the US Federal Reserve nears a pause in its rate-hiking cycle....
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  • April 14, 2023
  • Technical Analysis
  • Comments : 0

Gold IG Client Sentiment: Our data shows traders are now at their least net-long Gold since Apr 05 when Gold traded near 2,020.37.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Gold-bullish contrarian trading bias....
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  • April 14, 2023
  • Technical Analysis
  • Comments : 0

Gold IG Client Sentiment: Our data shows traders are now net-short Gold for the first time since Apr 06, 2023 04:00 GMT when Gold traded near 2,007.65.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Gold-bullish contrarian trading bias....
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  • April 13, 2023
  • Technical Analysis
  • Comments : 0

Bullish Break in Crude Oil After US CPI; Can it Rise Toward $90?

Upward momentum in crude oil is improving following the breakout from a week-long sideways range. Can oil rise toward $90?...
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  • April 13, 2023
  • Technical Analysis
  • Comments : 0

US CPI, Fed Minutes to Weigh on US dollar: What’s Next For EUR/USD, GBP/USD, USD/JPY?

Softening US price pressures could weigh on the US dollar even as the US Federal Reserve expects a recession this year as a fallout from the turmoil in the banking sector. What’s next for EUR/USD, GBP/USD, and USD/JPY?...
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