Crude Oil Outlook: Bull Trend in Jeopardy as Lower Highs Form
Crude oil price action plunged -8% last week with the latest selloff putting the broader bullish trend in jeopardy as lower highs form. Is more pain ahead or will support…
Australian Dollar May Wobble on Global Covid Cases, Fedspeak, Iron Ore Price Drop
The Australian Dollar may be vulnerable as a combination of rising Covid cases around the world, Fedspeak about tapering asset purchases and falling iron ore prices weigh on AUD/USD.
Gold Price Forecast: Gold Tanks After NFP, Trendline Tempers the Lows
Gold prices put in another bearish leg after a strong NFP report, and support is holding on by a thread. Might sellers be on the verge of a large push…
EUR/USD IG Client Sentiment: Our data shows traders are now at their most net-long EUR/USD since Jul 22 when EUR/USD traded near 1.18.
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.
EUR/GBP IG Client Sentiment: Our data shows traders are now at their most net-long EUR/GBP since Jul 30 when EUR/GBP traded near 0.85.
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.
British Pound Forecast: BoE Talks End Game, EUR/GBP Drops to Yearly Lows
BoE announces threshold to unwind balance sheet. EUR/GBP risking a break of YTD lows.
Non-Farm Payrolls (NFP), Ethereum Fork (ETH) & Robinhood (HOOD) – FinTwit Trends to Watch
Fintwit this week - DXY pops after positive NFP and unemployment data, Ethereum (ETH) rallies while Robinhood fades.
Gold Price Remains Susceptible to Death Cross Formation Following NFP
The technical outlook casts a bearish forecast for the price of gold as a ‘death cross’ formation looks poised to take shape over the coming days.
DAX Chart Set Up for Breakout, CAC Has Eyes for 2000 Record Highs
The DAX is looking ready to break out of a base while the CAC continues to trade higher nearly every day towards a record high.
USD/JPY Spikes Higher as US Dollar Gains on Solid NFP Report
USD/JPY price action just made a sharp move higher with the US Dollar strengthening in response to better-than-expected nonfarm payrolls data.