USD/JPY Price Outlook: Scenario-Based Trade Setups Ahead of FOMC
In the wake of recent panic, the Japanese yen flourished. This article takes a look at possible USD/JPY price action using a scenario-based approach
US Crude Oil Knocked Back By Shock Inventory Build As Fed Looms
It’s not quite all about the US central bank for the oil market Wednesday, inventory data are haunting it too
EUR/USD Bounce Facing Strong Resistance at the 1.08 Level Ahead of FOMC
EURO benefits from hawkish stance by ECB President Lagarde. Will the Fed spring a hawkish surprise and keep EURUSD bears hopeful?
UK Inflation Soars, GBP/USD Nears a Six-Week High, All Eyes on the Fed
The cost of living in the UK jumped unexpectedly in February, according to the latest official figures, ramping up the pressure on the Bank of England to hike interest rates…
Gold Price Technical Setup Seems Bearish Before Jerome Powell’s Anticipated Hike
Gold prices face a bearish technical setup ahead of the Federal Reserve and Jerome Powell’s press conference. Will the central bank signal the end to tightening?
US Dollar Dips as the Fed Ponders the Inflation Versus Bank Crisis Dilemma
The US Dollar is weaker today as risk assets found support from Treasury reassurances and ahead of the Federal Reserve that faces a crucial interest rate decision. Will a pause…
Nasdaq 100 Soars Despite Rally in Yields, VIX in Freefall Ahead of Fed. Now What?
The Nasdaq 100 rallies despite rising Treasury yields amid speculation that the worst of the banking sector turmoil is over thanks to coordinated action by government authorities.
EUR/USD Price Forecast: Is the Panic Over? Sentiment Reversal Lifts the Euro
The euro trades higher today on a much-improved outlook as banking stocks rise across the board. ECB’s Enria and ratings agency S&P echo that EU banks are resilient
Crude Oil Forecast: Prices Extend Recovery as Banking Sector Jitters Fade
Oil prices rise and advance for the second consecutive day as market confidence improves further, but the outlook for energy commodities remains challenging.
US 500 IG Client Sentiment: Our data shows traders are now net-short US 500 for the first time since Mar 07, 2023 when US 500 traded near 3,988.19.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.