Australian Dollar Price Setup: Can AUD/USD Rise to 0.80?
A bullish reverse head & shoulders pattern brewing makes a case for the AUD/USD to rise toward 0.80 even as the RBA pauses its rate hiking campaign. What are the…
Japanese Yen Slips as US Dollar Recovers Along with Risk Assets. Where to for USD/JPY?
The Japanese Yen ran lower going into Thursday with fiscal year-end approaching and a generally buoyant mood for markets with banking issues subsiding for now. Will USD/JPY go higher?
Natural Gas Reinforces Support as Prices Attempt a Bullish Falling Wedge Breakout
Natural gas prices appear to have reinforced support following fading downside momentum. On the 4-hour chart, the heating commodity is trying to confirm a breakout above a bullish Falling Wedge.
S&P 500 Attacks Trendline Resistance as Bulls Assert Control. Breakout Looming?
S&P 500 rallies and challenges a key technical resistance as market sentiment continues to improve amid easing concerns around the health of the U.S. banking sector.
Gold Price Forecast: XAU/USD Stumbles as Risk-on Sentiment Returns
Gold prices have eased after the US Dollar made a swift rebound, alongside US equities and other risk assets. Can the broader market shake off potential risks of contagion?
USD/CAD at Risk of Breakdown as Oil Gains, Canadian Dollar Outlook Bullish for Now
USD/CAD extends losses on risk-on mood and rising oil prices, with the pair steadily approaching a key technical support near the 50-day simple moving average.
S&P 500, Nasdaq Set to Open Higher Upon an Improved Outlook
Markets appear satisfied, for now, that banking concerns have eased, making room for improved risk appetite. S&P 500 and the Nasdaq 100 are expected to open higher
USD/JPY Moves Higher as the Japanese Yen Sheds its Risk Premium
USD/JPY is back above 132.00 for the first time in a week as bank contagion fears recede. Comments from Bank of Japan (BoJ) deputy governor Shinichi Uchida however may boost…
EUR/USD Hands Back Some Gains, German CPI Data In Focus
A quiet European session for economic cues has seen the single currency slip back a little, but there’s plenty of trading life left in this week
EUR/CHF IG Client Sentiment: Our data shows traders are now at their least net-long EUR/CHF since Nov 03 when EUR/CHF traded near 0.99.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/CHF-bullish contrarian trading bias.