EU Announces Support for Green Investment at Davos, EUR/USD Higher
EU delegates announced a response to the US Inflation Reduction Act to keep firms from heading abroad. Quieter calendar points to EUR/USD trend continuation
Crude Oil Testing Multi-Week Resistance on Positive Chinese Outlook
Oil rallies into an old level of resistance and looks set to press higher after this week’s positive Chinese growth data fuels sentiment.
Breaking News: Pound Bid After Core Inflation Beat, 50bps Secured?
GBP/USD reacted favorably to elevated UK inflation, placing the Bank of England in an interesting position ahead of next months interest rate decision.
EUR/GBP IG Client Sentiment: Our data shows traders are now net-long EUR/GBP for the first time since Dec 15, 2022 when EUR/GBP traded near 0.87.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bearish contrarian trading bias.
Gold and Silver Technical Outlook: Brighter Days Ahead?
Gold’s ascent to a nine-month high is a sign that the short-term fortunes have turned brighter for the yellow metal. However, Silver’s rally has stalled most recently. What is the…
Australian Dollar Bullishness Pauses but Remains in Trend. Where to for AUD/USD?
The Australian Dollar has rallied on US Dollar weakness and China re-opening boosting commodities. What are the technical indicators saying about the trend for AUD/USD?
Japanese Yen Crushed as Bank of Japan Disappoints, Policy Settings Left Unchanged
The Japanese Yen weakened after the Bank of Japan disappointed markets in January by leaving policy settings unchanged, including yield curve control. Where to for USD/JPY?
Bitcoin Technical Outlook: BTC/USD Turns Bullish
Bitcoin’s break above key resistance in recent days has changed the trend bias to bullish from range. What’s next for cryptocurrencies?
S&P 500 Refuses to Break Directional Impasse, USDJPY and USDCNH Depress Dollar Impact
The US markets were back online after another holiday weekend, but their return didn’t translate into clarifty for the likes of the S&P 500 as to whether last week’s charge…
Dow Jones Dragged Down by Goldman Sachs, Nikkei 225 at Risk to Bank of Japan
The Dow Jones 100 underperformed the S&P 500 and Nasdaq 100 after disappointing Goldman Sachs earnings. Ahead, the Nikkei 225 is at risk to the Bank of Japan policy decision.