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FTSE 100 IG Client Sentiment: Our data shows traders are now net-short FTSE 100 for the first time since May 10, 2021 when FTSE 100 traded near 7,090.70.

Posted by By 11/06/2021Posted inForex
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bullish contrarian trading bias.
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EUR/GBP Price Forecast – Negative Sentiment May Test Recent Range Support

Posted by By 11/06/2021Posted inForex
EUR/GBP continues to probe the lower bound of the multi-week trading range and support may be tested soon.
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Gold Price Forecast: Gold Upside Test as US Rates Drop – Last Chance for Volatility

Posted by By 11/06/2021Posted inForex
Gold hovers around 1900. Markets take transient view to inflation. FOMC provides last chance for volatility.
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Wall Street IG Client Sentiment: Our data shows traders are now net-long Wall Street for the first time since May 20, 2021 when Wall Street traded near 34,102.00.

Posted by By 11/06/2021Posted inForex
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.
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Muted Reaction to US CPI Puts Further Bearish Pressure on USD/CNH

Posted by By 11/06/2021Posted inForex
The US Dollar fails to bounce higher after stronger than expected US CPI, causing USD/CNH to fall further
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Natural Gas Forecast: EIA Storage Report in Focus After Bullish Export Outlook

Posted by By 11/06/2021Posted inForex
Natural gas spot prices have been on the rise, recapturing a key trendline, following the EIA's Short-Term Energy Outlook. Where can prices head from here?
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Crude Oil, Gold Price Outlook: US Lifts Sanctions on Some Iranians, Inflation Ignored

Posted by By 11/06/2021Posted inForex
Crude oil prices shrugged off the US lifting sanctions on some Iranian officials as gold did the same after eye-popping inflation data. What is the technical picture for WTI and…
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Nasdaq 100 May Lead Hang Seng, ASX 200 Higher as Market Shrugs Off CPI

Posted by By 11/06/2021Posted inForex
The Nasdaq 100 index rallied as investors shrugged off a stronger-than-expected US inflation data. Jobless claims reached a pandemic-low. Asia-Pacific markets look set to trade higher amid improved...
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US Dollar Analysis: Hot Inflation and a Potential Infrastructure Bill – More Weakness Ahead?

Posted by By 11/06/2021Posted inForex
A bipartisan group of 10 Senators reached a preliminary agreement on infrastructure on Wednesday, potentially paving the way for a bill to be put in front of both Congressional chambers…
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Australian Dollar Forecast: AUD/USD Rises as Post-CPI Bond Yield Drop Drags US Dollar

Posted by By 10/06/2021Posted inForex
The Australian Dollar looks to close out a quiet session on a higher note following key economic data prints that left the market with little reaction.
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