Gold Price Outlook Mired by Failure to Test March High
The recent rebound in the price of gold appears to be losing steam as the precious metal struggles to test the March high ($1760) ahead of the Fed interest rate…
EUR/USD Longs Exit as Sentiment Deteriorates, US Dollar Shorts Slashed – COT Report
Largest USD Short Covering in Current Cycle as Euro Sentiment Deteriorates Further.
FTSE 100 Nears Upper Bound of Bollinger Range, BoE More Positive About Economy
Fresh stimulus checks hit the US economy giving equities another boost
British Pound (GBP) Latest: GBP/USD Mixed Ahead of a Big Central Bank Week
Sterling opens the week flat to marginally better bid with traders focusing on the FOMC policy meeting on Wednesday and the BoE meeting on Thursday
Canadian Dollar Forecast: BoC Tapering Bets to Buoy CAD Against JPY, USD, EUR
A flurry of better-than-expected economic data may intensify Bank of Canada tapering bets and open the door for the Canadian Dollar to continue outperforming the US Dollar, Euro, and Japanese…
Wall Street IG Client Sentiment: Our data shows traders are now at their least net-long Wall Street since Jan 06 when Wall Street traded near 30,872.60.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Wall Street-bullish contrarian trading bias.
Gold Prices Hold Up, Crude Oil Higher as Yellen Defies Inflation Fears
Gold prices held Friday’s gains while crude oil prices climbed after US Treasury Secretary Janet Yellen said that US inflation risks remain small and manageable.
US Dollar Outlook: USD/SGD, USD/THB May Rise on Fed, USD/IDR Eyeing Bank of Indonesia
The US Dollar could rise versus the Singapore Dollar and Thai Baht if the Fed remains sanguine about rising Treasury yields. Bank of Indonesia may step in to keep USD/IDR…
USD/CNH Slides Lower on Chinese Retail Sales, Industrial Production Data
The Chinese Yuan strengthened against the US Dollar on the back of strong retail sales and industrial production data. Attention now turns to the upcoming meeting between US and Chinese…
S&P 500, Hang Seng, ASX 200 Outlook: Chinese Data and Central Banks in Focus
Chinese industrial production and retail sales data may set the tone for the Asia Pacific open following a mixed US trading session. FOMC, BoE and BOJ interest rate decisions will…