Gold Price Forecast: XAU/USD Breakout Holds Through CPI – FOMC on Deck
Gold prices put in a major breakout last month and, so far, buyers have held the line. But a really big Fed meeting is on the calendar for this week.…
DAX 30 & FTSE 100 Wedge Breaks Look Imminent, Catalyst Required
The DAX 30 and FTSE 100 have worked themselves into similar rising wedge patterns that may suggest a break lower is imminent. That said, such a breakdown may be difficult…
AUD/USD IG Client Sentiment: Our data shows traders are now net-long AUD/USD for the first time since Jun 04, 2021 15:00 GMT when AUD/USD traded near 0.77.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bearish contrarian trading bias.
NZD/USD IG Client Sentiment: Our data shows traders are now net-long NZD/USD for the first time since Jun 04, 2021 15:00 GMT when NZD/USD traded near 0.72.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bearish contrarian trading bias.
GBP/USD Weekly Forecast: Last Chance for Currency Volatility on FOMC Meeting
GBP/USD continues to trade in ranges as volatility dwindles.UK Data to play second fiddle to FOMC.
EUR/USD June Open Range Vulnerable as ECB Sticks to Higher PEPP
EUR/USD may threaten the opening range for June following the ECB rate decision as the exchange rate struggles to retain the rebound from the monthly low (1.2104).
U.S. Consumer Sentiment Rebounds but Fails to Create Volatility as Markets Await the Fed
U.S. Consumer sentiment rebounds in June and jumps to 86.4, a sign that household spending may remain healthy to continue to drive the economic recovery.
South African Rand Price Action Setups: USD/ZAR, EUR/ZAR, GBP/ZAR
Rand analysis has been riddled with complexities this week but after a rollercoaster price action ride, things seem to have settled as markets head to a close. Get your USD/ZAR,…
Inflation (CPI), The Fed & ECB – FinTwit Trends to Watch
FinTwit was abuzz this week which was in stark contrast to actual financial market reactions. Inflation data, ECB interest rate announcements as well as focus on the Fed for next…
WTI Crude Oil Outlook – Room to Rally 10% or More Before Big Levels Met
WTI crude oil continues to rally and has room to keep on doing so until reaching decade-long resistance.