Markets Week Ahead: Nasdaq 100, Gold, US Dollar, Crude Oil, All Eyes on Election
US stocks suffered their worst week in over 7 months as the Nasdaq 100, Dow Jones sank. Gold prices fell as the liquid US Dollar rose. The US Presidential Election…
France 40 IG Client Sentiment: Our data shows traders are now net-short France 40 for the first time since Oct 26, 2020 09:00 GMT when France 40 traded near 4,815.30.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-bullish contrarian trading bias.
EUR/USD IG Client Sentiment: Our data shows traders are now net-long EUR/USD for the first time since May 18, 2020 when EUR/USD traded near 1.09.
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.
US Dollar Technical Outlook: DXY Up-move, Continue or Falter?
The US Dollar Index (DXY) is again looking like it wants to abide by support and rally, but it still has its work cut out for it...
EUR/USD Net Longs Slashed, USD Bottoms as Bears Unwind – COT Report
Sentiment in the Euro continues to deteriorate amid resurgence of virus cases. USD bottoms as bears unwind.
British Pound (GBP) Latest – Lockdown 2.0 Announced, Brexit Talks Continue
The UK is going back into lockdown this week for at least another month as the spread of Covid-19 continues. There may be some good news from Brexit talks though.
Euro Price Outlook: Covid-19 Lockdowns to Weigh on EUR/USD, EUR/JPY
EUR/USD and EUR/JPY rates could extend losses in the near term should upcoming PMI and retail sales out of the Euro-zone undershoot market expectations.
S&P 500 Stares into Abyss as Equity Selloff Deepens Ahead of US Election
The S&P 500 may extend its decline as rising coronavirus cases drag equity markets lower ahead of the highly-anticipated and controversial US presidential election.
Gold Price Outlook: Election Uncertainty to Weigh on Precious Metals
Gold prices are at risk of further losses as President Donald Trump claws back lost ground against his Democratic challenger Joe Biden in the national polls.
US Dollar May Rise on Election Risk: USD/SGD, USD/IDR, USD/MYR, USD/PHP
The US Dollar may rise against ASEAN currencies as the presidential election risks inducing volatility. USD/MYR is eyeing the Bank of Malaysia, USD/IDR to Indonesian GDP.