Japanese Yen Firms Ahead of Powell and BoJ as US Dollar Pauses. Where to for USD/JPY?
The Japanese Yen could be in for a bumpy ride this week with Fed Chair Powell set to testify and a Bank of Japan meeting amongst other data could be…
Natural Gas Price Outlook: Best Week Since July Offers Near-Term Bullish View
Natural gas prices rallied over 18% last week, the most since the middle of July. While the near-term technical outlook remains bullish, the broader picture holds bearish.
Markets Week Ahead: Dow Jones, S&P 500, US Dollar, Powell, NFPs, RBA, BoC, BoJ
The Dow Jones and S&P 500 rallied as the US Dollar fell last week. Ahead, the RBA, BoC and BoJ set rates. Markets also await Jerome Powell’s testimony and non-farm…
GBP Weekly Forecast: Pound Eyes UK GDP Alongside US NFP
GBP/USD is preparing for some price volatility next week including UK GDP, Fed Chair Jerome Powell and US NFP data
Wall Street IG Client Sentiment: Our data shows traders are now net-short Wall Street for the first time since Feb 21, 2023 when Wall Street traded near 33,173.00.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Wall Street-bullish contrarian trading bias.
S&P 500, Nasdaq 100 Forecast: Speculative Frenzy at Risk ahead of Key US Jobs Report
The speculative frenzy that triggered a rally in the S&P 500 and Nasdaq 100 this past week could end if U.S. labor market data beat estimates and bolster Fed rate…
US 500 IG Client Sentiment: Our data shows traders are now net-short US 500 for the first time since Feb 21, 2023 17:00 GMT when US 500 traded near 4,002.42.
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.
ISM Services PMI Virtually Unchanged amid Economic Resilience, Dollar Trims Losses
ISM Services PMI was virtually unchanged in February, clocking in at 55.1 from 55.2 in January, a sign that the economy remains extremely resilient despite rapidly rising interest rates.
European Equites Gain with German Dax Recovering from Prior Slump
The German Dax has defended the 15500 psychological level after industrials and healthcare allowed the index to recover from the heated inflation data over the past week.
EUR/USD Price Update: EU PMI Miss Still Cause for Optimism
EU PMI data generally fell below rather lofty estimations, maintaining optimism that Europe may escape a recession in 2023. ECB Interest rate expectations hit 4%