Gold Selloff to Accelerate With Less Than a Week Until Election Day?
Gold prices may face heightened liquidation pressure after XAU/USD broke a multi-week uptrend with the election less than a week away.
S&P 500 Price Forecast: Options Traders Hedge Bets as VIX Soars
The S&P 500, along with the broader US equity group, closed deep in the red on Wednesday as markets grappled with the threat of rising coronavirus infection rates and mounting…
Why Did the Nasdaq 100 Fall Today? What it Means for Tech Earnings
The Nasdaq 100 suffered an abrupt decline Wednesday, just a day before earnings are to be released from Apple, Amazon, Google and Facebook. Together, they represent a massive chunk of…
Crude Oil Prices Spike Lower as Volatility Fuels Risk Aversion
Crude oil price action has crumbled over 5% during Wednesday’s trading session as coronavirus lockdowns mount and crush demand prospects for the commodity closely tied to economic activity.
Japanese Yen Outlook: USD/JPY Dives into Key Technical Support Pivot
A three-week rally in the Japanese Yen takes USD/JPY into a critical support zone - looking for inflection. These are the levels that matter on the technical chart.
Gold IG Client Sentiment: Our data shows traders are now at their most net-long Gold since Sep 04 when Gold traded near 1,933.11.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Gold-bearish contrarian trading bias.
Central Bank Watch: BOE, ECB, & Fed Rate Expectations; EUR, GBP, Dow Positioning Update
Rate markets are pulling forward ECB interest rate cut expectations ahead of the October policy meeting.
EUR/JPY IG Client Sentiment: Our data shows traders are now net-long EUR/JPY for the first time since Oct 19, 2020 13:00 GMT when EUR/JPY traded near 124.10.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bearish contrarian trading bias.
How Will Markets React to the 2020 US Presidential Election?
A second term of Trump or a first term of Biden could have significantly divergent outcomes for the U.S. economy and global financial markets.
FTSE 100 Technical Outlook – Working Towards March Retest (or Worse)
The FTSE has been grinding lower for months, but that could accelerate into a meaningful test or even break of the March low.