Gold and Silver Technical Outlook: Is the Upward Pressure Fading?
The sharp retreat toward the end of last week is a sign that precious metals’ multi-week rally could be stalling. How much downside and what are the key levels to…
US Dollar Blazes Higher on Solid Data as Geopolitics Play Out. Where to for USD?
The US Dollar jumped back in the driver’s seat after jobs data unveiled an economy that remains robust despite the Federal Reserve hiking rates. Will the DXY (USD) Index go…
EUR/USD IG Client Sentiment: Our data shows traders are now net-long EUR/USD for the first time since Jan 06, 2023 when EUR/USD traded near 1.06.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bearish contrarian trading bias.
EUR/USD Technical Outlook: Short-term Setback
The sharp fall toward the end of last week could be a sign that the Euro’s four-month-long rally is losing steam. What is the outlook and what are the key…
Australian Dollar Tanks as US Dollar Roars Back to Life Ahead of RBA. Lower AUD/USD?
The Australian Dollar ran out of puff after making a seven-month high last week before the US Dollar regained traction and claimed the ascendency. Where to for AUD/USD?
Natural Gas Price Forecast: 7 Weeks of Losses, Momentum Shows Few Signs of Slowing
Natural gas prices fell for a 7th consecutive week. If losses hold this month, we could be looking at the worst 2-month drop since 2001. Another Doji is in focus…
Markets Week Ahead: Nasdaq 100, Dow Jones, US Dollar, Gold, Jerome Powell, RBA
The Nasdaq 100 and Dow Jones reversed lower after a blowout jobs report last week. The US Dollar rallied at the expense of gold. All eyes turn to Fedspeak, the…
Dow’s Skepticism Anchors Nasdaq Volatility, Dollar Charged by NFPs and Rate Forecasts
What matters more to the markets: that the US economy looks less at risk of a recession or that the Fed will be able to fulfill its rate hike forecast?…
FTSE 100 IG Client Sentiment: Our data shows traders are now at their least net-long FTSE 100 since Jan 14 when FTSE 100 traded near 7,857.90.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bullish contrarian trading bias.
Breaking News – US NFPs Surge to 517k vs 185k Expectations, Unemployment Rate Falls to 3.4%
The US jobs market enjoyed a red hot January with 517k new jobs added, with job growth widespread.