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Australian Dollar Dips on Soft China Data. Will AUD/USD Test Range Lows?

Posted by By 16/05/2023Posted inForex
The Australian Dollar slipped after China’s industrial production and retail sales data missed estimates and has the market reassessing the state of the world’s second-largest economy.
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Dow Jones, S&P 500 Outlook: Retail Traders Boost Upside Bets as Support Levels Near

Posted by By 15/05/2023Posted inForex
The Dow Jones and S&P 500 are vulnerable after retail traders recently increased upside exposure, a bearish contrarian signal. What are the
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S&P 500 Outlook: Extreme Bearish Positioning Could Spur Face-Ripping Short Squeeze

Posted by By 15/05/2023Posted inForex
Speculators have accumulated large bets against the S&P 500 in the futures market in recent weeks. Extreme bearish positioning can sometimes lead to powerful short squeezes if the right catalysts…
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US Dollar Withers Despite Last Week Bullish Breakout. Are Bears About to Pounce?

Posted by By 15/05/2023Posted inForex
The U.S. dollar, as measured by the DXY index, slides moderately on Monday, failing to extend its rally from late last week that sparked a bullish breakout, a sign bears…
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USD/JPY Price Outlook: Yen Eases on Improved Inflation data but Risks Accrue

Posted by By 15/05/2023Posted inForex
The yen has surrendered gains against a rather resurgent dollar but increasing geopolitical risks brings the pair back into focus as. US debt ceiling is the main focus
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EUR/USD Price Forecast: EURUSD Grinds Higher Despite Industrial Production Slump

Posted by By 15/05/2023Posted inForex
EURUSD holds above support at 1.0840 for now as weak data gives Euro bulls something to ponder. Where to next for EUR/USD?
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Gold Price Latest: Waiting for the Fed’s Thoughts, $2K Currently Provides Support

Posted by By 15/05/2023Posted inForex
Gold is stuck in a small trading range so far with little in the way of high impact economic data to move the dial. A raft of Fed speakers this…
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GBP/USD Price Forecast: Pound Fixated on US Factors

Posted by By 15/05/2023Posted inForex
GBP/USD remains at the mercy of the USD today as US debt ceiling and Fed guidance dominates headlines.
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Bitcoin & Ethereum Week Ahead: Cracks in the Rally?

Posted by By 15/05/2023Posted inForex
The fall in Bitcoin and Ethereum below the last month’s low suggests that cracks have emerged in the multi-week rally. What's next for cryptocurrencies?
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Japanese Yen Retreats as US Dollar Takes Flight Despite Debt Debacle. Higher USD/JPY?

Posted by By 15/05/2023Posted inForex
The Japanese Yen slipped again on Monday as the US Dollar ascendency continued despite the uncertainty surrounding the US debt ceiling issue. If a solution remains elusive, will it lift…
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