Gold Price Steady After US Dollar Pummelling. Will XAU/USD Rally Again?
The gold price fell victim to US Dollar strength post solid jobs numbers as the market appears to be taking on board the Fed’s agenda for rates. Where to for…
VIX Says the S&P 500 Is a Sitting Duck Ahead of NFPs, EURUSD Volatility Stoked by Fed Forecasts
Rate expectations seem to be taking the lead as the first major theme to worry global traders minds’ in 2023. Speculation around the Fed’s bearings drove the Dollar higher this…
US Dollar Soars as Rosy ADP Report Shapes High Expectations for NFPs Next
The US Dollar soared as the S&P 500 sank after a rosy ADP employment report shaped high expectations for Friday’s non-farm payrolls report. Will the DXY Index reverse?
AUDUSD, AUDJPY and AUDNZD Outlook Present Very Different Pictures
The Australian Dollar is one of the major currencies, but it significantly less liquid than some of its major counterparts. That can translate into significantly different market performances among the…
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
The US Dollar is testing a fresh breakout, pushing above range resistance ahead of tomorrow’s NFP report.
Wall Street IG Client Sentiment: Our data shows traders are now net-long Wall Street for the first time since Oct 21, 2022 when Wall Street traded near 30,996.10.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Wall Street-bearish contrarian trading bias.
Gold Prices (XAU/USD) Battered by USD Strength Ahead of NFP Report
Gold prices have fallen after an impressive rally ahead of tomorrow’s NFP report after FOMC minutes bolstered demand for the US Dollar.
USD/JPY at Key Confluence Area with US Data Ahead
USD/JPY eyeing a host of US data to provide a catalyst for its next move. Will we see a trendline break or a fresh low being printed?
FTSE 100 Technical Outlook – Running Into a Zone of Resistance
The FTSE 100 is touching a fresh multi-month high and looks set to challenge last year’s peak.
FTSE 100 IG Client Sentiment: Our data shows traders are now at their least net-long FTSE 100 since Nov 30 when FTSE 100 traded near 7,612.20.
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.