The Dow Jones and S&P 500 may fall as retail traders continue increasing net-long exposure on Wall Street. Will this open the door to resuming last year’s downtrend?
The recent retreat in Hong Kong shares appears to be a pause and not a reversal of the uptrend. Indeed, breadth market indications and technical charts continue to paint a…
The Swedish Krona rallied after the Riksbank raised rates and upped the ante on hawkish rhetoric that also gave the Norwegian Krone a boost. Will EUR/SEK continue lower?
Gold prices fell on Thursday as hawkish Fedspeak and jobless claims data bolstered the US Dollar and Treasury yields. Is there more pain ahead for XAU/USD?
The Nasdaq 100 fails to hold onto early day gains and trades lower as uncertainty over the Fed’s policy outlook weighs on sentiment, preventing traders from taking too much risk.
EUR/USD resumes its ascent on risk-on sentiment following a brief correction, but bullish momentum could soon run out of steam as Europe’s economic outlook remains difficult.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bullish contrarian trading bias.
The DAX index gapped up at the open today after a very strong move in Asian equities. Siemens’ positive Q1 earnings leads the index further into overbought territory