US Dollar Setup: USD/JPY, USD/CAD, EUR/USD Ahead of FOMC
The US Dollar is holding range as investors await Fed’s views on recent economic data
Gold Latest – Price Action on Hold as Traders Wait for the Latest FOMC Announcement
In a week packed full of risk events, today’s FOMC decision and press conference stand out for their overarching significance
USD/JPY IG Client Sentiment: Our data shows traders are now net-long USD/JPY for the first time since Jul 20, 2021 09:00 GMT when USD/JPY traded near 109.86.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bearish contrarian trading bias.
British Pound (GBP) Price Outlook: GBP/USD March Higher Halts Pre-Fed
GBP/USD has continued to climb this week, topping both trendline resistance and the 200-dma, but will likely be little changed this session ahead of the Fed's announcement on US monetary…
EUR/GBP IG Client Sentiment: Our data shows traders are now at their most net-long EUR/GBP since Jul 13 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.
S&P 500, Dow Jones Forecast: Retail Investors Intensify Bearish Exposure, Now What?
The S&P 500 and Dow Jones could remain biased higher now that retail investors are back to aggressively shorting them. But, will recent shifts in sentiment materially change the broader…
Australian Dollar Outlook: AUD/USD Snubs Hot Q2 CPI as Sydney Lockdown Extends
The Australian Dollar is largely unchanged following a hotter-than-expected Q2 CPI print. Next week's RBA decision will be key to AUD/USD's direction, but lockdowns weigh on the economic outlook.