S&P 500 Risking a Pullback in the Week Ahead
S&P 500 seasonals and risk barometer pointing to a pullback for the week ahead.
Canadian Dollar Outlook – USD/CAD Surge Now Hitting Extreme Levels
The sharp USD/CAD rally has now pushed the pair into extreme overbought territory according to one technical indicator
EUR/JPY IG Client Sentiment: Our data shows traders are now net-long EUR/JPY for the first time since Mar 10, 2021 when EUR/JPY traded near 129.31.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bearish contrarian trading bias.
South African Rand Price Action Setups: USD/ZAR, EUR/ZAR, GBP/ZAR
The Rand has been hampered this week after the Fed’s hawkish jolt bolstered the U.S. dollar. As we look to close out Q2, will the ZAR be able to hold…
British Pound Price Outlook: GBP/USD Extends Pullback as Retail Sales Disappoint
GBP/USD continues to slide as the US Dollar attracts further bullish momentum
Gold Prices May Bounce as Markets Digest Fed Policy Pivot
Gold prices may find a lifeline after suffering brutal losses in the wake of a momentous Fed policy pivot as traders ponder scope for rate hikes even as the timing…
Japanese Yen Forecast: Bank of Japan Extends Easy Policy, USD/JPY Unfazed
The Japanese Yen was largely unchanged following the Bank of Japan’s (BoJ) latest policy decision. Policymakers kept the super easy policy in place as Japan lags in its efforts to…
EUR/USD IG Client Sentiment: Our data shows traders are now at their most net-long EUR/USD since Mar 26 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.
Dow Jones, Nasdaq 100 Outlook: Reflationary Trade Dissipating, Nikkei 225 Eyes BoJ
The Dow Jones is back to underperforming the Nasdaq 100 as long-run US inflationary bets fade after the Fed. Ahead, the Nikkei 225 is eyeing the BoJ as the ASX…
Australian Dollar Sinks Alongside Commodity Prices as Post-FOMC USD Run Continues
The Australian Dollar is down, and maybe out for a while after the FOMC-induced US Dollar surge. The Greenback's strength is also spilling over into the commodities market where lumber…