Gold Price Forecast – Big Down Week Has XAU Nearing Trend Test
The big gold sell-off quickly has an important long-term trend test in play; scenarios to consider from both sides of the tape.
GBP/USD IG Client Sentiment: Our data shows traders are now at their most net-long GBP/USD since Apr 12 when GBP/USD traded near 1.37.
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.
Wall Street IG Client Sentiment: Our data shows traders are now at their most net-long Wall Street since Oct 30 when Wall Street traded near 26,509.50.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Wall Street-bearish contrarian trading bias.
British Pound Outlook: GBP/USD Clears May Low Ahead of BoE
The Bank of England (BoE) interest rate decision may do little to sway GBP/USD as the central bank is widely expected to retain the current course for monetary policy.
Surveying the Amazon
In May, Investor's Business Daily and TechnoMetrica collaborated on a big tech poll (IBD/TIPP). So, Luckbox conducted a survey of its own.
Amazon Primeval
As the company extends its reach into nearly every aspect of American life, it is trying to shift the conversation away from antitrust.
Bitcoin (BTC), The Fed & S&P 500 (SPX) – FinTwit Trends to Watch
This week FinTwit was overflowing as the U.S. Federal Reserve provided a surprise. The two darlings of the last few years (Bitcoin and the S&P 500) have taken a hit…
Stock Market Forecast: Amazon's Prime Day is Making Retailer History
Amazon is making history with its Prime Day event that has seen company sales surpass totals tallied on Black Friday and Cyber Monday combined. Can Amazon reel in massive profits…
EUR/USD Faces First Oversold RSI Reading Since February 2020
Recent developments in the RSI warn of a further decline in EUR/USD as the indicator pushes into oversold territory for the first time since February 2020.
FTSE 100 Technical Analysis: Caught Between Support & Resistance
The FTSE is turning lower off resistance, but is quickly testing trend support that could determine how events play out in near-term.