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

USD/CHF IG Client Sentiment: Our data shows traders are now at their most net-long USD/CHF since Jan 18 when USD/CHF traded near 0.92.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CHF-bearish contrarian trading bias....
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  • April 12, 2023
  • Technical Analysis
  • Comments : 0

EUR/GBP IG Client Sentiment: Our data shows traders are now net-short EUR/GBP for the first time since Apr 03, 2023 12:00 GMT when EUR/GBP traded near 0.88.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bullish contrarian trading bias....
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  • April 12, 2023
  • Technical Analysis
  • Comments : 0

Major Bullish Break in KOSPI; ASX 200 Index’s Rally is Running into a Tough Barrier

KOSPI’s break higher this week indicates that South Korean equities could finally be catching up with some of its regional peers, while the Australia ASX 200 index’s three-week-long rally looks set to pause as it runs into a stiff roadblock....
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  • April 12, 2023
  • Technical Analysis
  • Comments : 0

Natural Gas Prices Face Bullish Engulfing, Watch the 4-Hour for Follow-Through

Natural gas prices continue stabilizing around the February low. A bullish engulfing on the daily chart shows early signs of a turn higher. Watch the 4-hour chart for follow-through....
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  • April 12, 2023
  • Technical Analysis
  • Comments : 0

Oil – US Crude IG Client Sentiment: Our data shows traders are now net-short Oil – US Crude for the first time since Nov 05, 2022 when Oil – US Crude traded near 91.88.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Oil – US Crude-bullish contrarian trading bias....
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  • April 11, 2023
  • Technical Analysis
  • Comments : 0

Bitcoin Crosses the Key $30000 Mark. Will it Sustain?

Bitcoin’s jump to a nine-month high is a sign that the medium-term downtrend in cryptocurrencies is changing. While the trend on the daily charts continues to be bullish, some short-term consolidation can’t be ruled out....
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  • April 11, 2023
  • Technical Analysis
  • Comments : 0

Natural Gas Price Setup: Downward Pressure is Abating

Natural gas prices are holding above strong support, raising the prospect of at least some consolidation /minor rebound as the downward momentum is fading....
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  • April 11, 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 Mar 29, 2023 when USD/CAD traded near 1.36.

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 10, 2023
  • Technical Analysis
  • Comments : 0

Crude Oil Is Still Not Out of the Woods Despite OPEC+ Output Cut

Oil prices haven’t been able to extend gains after the initial jump following the surprise announcement of the output cut by OPEC+ producers. What is the outlook and what are the key levels to watch?...
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  • April 10, 2023
  • Technical Analysis
  • Comments : 0

US CPI to Set the Tone for EUR/USD, GBP/USD, USD/JPY

The US dollar’s trend remains broadly down against the euro, the pound, and the yen. However, it could maintain a slightly firm tone ahead of the key US inflation data due on Wednesday, especially after Friday’s upbeat jobs report....
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