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Silver IG Client Sentiment: Our data shows traders are now at their most net-long Silver since Mar 08 when Silver traded near 2,515.30.

Posted by By 27/05/2021Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Silver-bearish contrarian trading bias.
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British Pound (GBP) Price Outlook: GBP/USD Challenging Support

Posted by By 27/05/2021Posted inForex
GBP/USD is edging lower, with trendline and moving average support both being tested as the US Dollar firms on persistent talk that the Fed will soon start discussing a tightening…
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US Dollar May Rise as Inflation Fears, Fed Outlook Hoard the Spotlight

Posted by By 27/05/2021Posted inForex
The US Dollar may rise amid speculation that higher-than-expected inflation readings will prompt sooner-than-expected tapering of Fed monetary stimulus.
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Crude Oil Prices Drop on APAC Viral Resurgence, Iranian Supply Worries

Posted by By 27/05/2021Posted inForex
WTI prices pulled back slightly as markets weighed extended restrictions in Japan and renewed lockdowns in Australia’s Victoria state. Concerns about Iranian supply may also limit oil’s upside pote...
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EUR/USD Technical Analysis: Euro Uptrend at Risk? Momentum is Struggling

Posted by By 27/05/2021Posted inForex
The Euro has been in a near-term uptrend since April, but momentum seems to be fading as retail traders increase upside exposure in EUR/USD. What are key levels to watch…
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Gold Prices Pull Back From $1,900 as Stimulus Tapering Fears Gear Up

Posted by By 27/05/2021Posted inForex
Gold prices retreated for a second day after the NBNZ hinted that it may start hiking rates next year, stoking fears about a wave of central bank tightening. The US…
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BTC/USD Recovery Halted on Iran Headlines, but Technicals Hint at More Upside

Posted by By 27/05/2021Posted inForex
Bitcoin's recovery from the psychological 30,000 level was interrupted by negative headlines out of Iran. However, the cryptocurrency's technical posture suggest the ride higher may continue.
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S&P 500 Index Gains as Trades Eye US GDP, Nikkei and ASX 200 Climb

Posted by By 27/05/2021Posted inForex
The S&P 500 index climbed modestly ahead of the release of US GDP, durable goods as well as initial jobless claims data. Asia Pacific markets are positioned for a steady…
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Australian Dollar Outlook: AUD/USD to Lift if Chinese Industrial Profits Impress?

Posted by By 26/05/2021Posted inForex
The Australian Dollar may strengthen if Chinese industrial profits impress the market. AUD/USD eyes 50-day SMA.
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Nasdaq Gains, Russell Outperforms as AMC & GME Go Parabolic

Posted by By 26/05/2021Posted inForex
The stock market advanced on Wednesday with the Nasdaq's 0.6% gain lagging the Russell's 2% rise. AMC and GME are back in focus amid parallels of another squeeze-fueled rally in…
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