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Breaking News: UK GDP Data in Line with Estimates, GBP/USD Steady

Posted by By 10/02/2023Posted inForex
The UK economy stalled in the last quarter of 2022 with 2023 set to provide a host of challenges.
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Dow Jones, S&P 500 Outlook: Retail Traders Boost Net-Long Bets. A Warning Sign?

Posted by By 10/02/2023Posted inForex
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?
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Hang Seng Index Technical Outlook: A Pause, not a Reversal

Posted by By 10/02/2023Posted inForex
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…
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Swedish Krona Bolts Higher, Norwegian Krone Follows. Where to for EUR/SEK and EUR/NOK?

Posted by By 10/02/2023Posted inForex
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?
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Gold Prices Sink as US Dollar Rallies on Fading Fed Pivot Bets, Where to?

Posted by By 10/02/2023Posted inForex
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?
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Nasdaq 100 Outlook: Stock Market Rally Fizzles on Fed Monetary Policy Jitters

Posted by By 09/02/2023Posted inForex
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.
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Gold Prices Held Hostage by Fed Expectations – What Next for XAU?

Posted by By 09/02/2023Posted inForex
Gold prices currently remain below the key psychological level of $1,900 as Fed expectations continue to keep bulls in check.
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Euro Forecast: EUR/USD Gains but Bullish Momentum May Run Out of Steam Soon

Posted by By 09/02/2023Posted inForex
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.
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GBP/USD IG Client Sentiment: Our data shows traders are now net-short GBP/USD for the first time since Feb 02, 2023 14:00 GMT when GBP/USD traded near 1.22.

Posted by By 09/02/2023Posted inForex
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.
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DAX 40 Price Outlook: Siemens Positive Q1 Results Sends the Index Higher

Posted by By 09/02/2023Posted inForex
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
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