EUR/USD Forecast: False Breakdown Looks to Potential Catalysts, NFP, Inflation Data
EUR/USD is in need of a catalyst to break free from the narrow trading range. Could Friday’s NFP or the upcoming EU and US inflation data do the trick?
US Dollar (DXY) Shrugs Off the Fed, Focus Now Turns to NFPs
The US dollar is little changed after the release of last night’s FOMC minutes and traders will hope that Friday’s labor report will give the greenback a boost.
Canadian Dollar Forecast: USD/CAD Bearish Engulf Resisted by Stronger USD
USD/CAD hovers around the 1.35 support level ahead of key U.S. and Canadian economic data.
Japanese Yen in Focus as Crude Oil Sails South. Will Lower Energy Prices Sink USD/JPY?
The Japanese Yen has steadied after losing ground to the US Dollar overnight after the Federal Reserve reiterated that rates are going higher for longer. Where to for USD/JPY?
British Pound Technical Outlook Diverges With GBP/USD, GBP/JPY Positioning Signals
As the British Pound gained on Wednesday, retail traders responded by boosting GBP/USD and GBP/JPY short exposure. While this may be bullish, the technical picture does not match it.
Crude Oil Price Hammered by Growth Concern but Steadies Today. Where to for WTI?
Crude oil sunk on concerns around global growth on the back of IMF warnings, China uncertainty and the Federal Reserve making its case for slowing the US economy. Will WTI…
France 40 IG Client Sentiment: Our data shows traders are now at their least net-long France 40 since Jan 03 when France 40 traded near 7,235.20.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-bullish contrarian trading bias.
EURUSD Breakout Falters as Market Doubts Fed Commitment
The minutes to the Fed’s December 13th-14th policy meeting and 50 basis point rate hike held a consistent message for the markets: inflation is the focus and further rate hikes…
As Australian Dollar Soars on Chinese Economic Bets, AUD/USD Struggles at Resistance
The Australian Dollar soared on Wednesday as traders boosted Chinese economic confidence. Still, AUD/USD was unable to clear key resistance, maintaining a neutral bias.
S&P 500, Nasdaq, Dow Jones: Range Through FOMC Minutes, NFP on Deck
Equities are ranging and the S&P is coiling into a tighter consolidation formation as a symmetrical triangle has built inside of a rectangle formation.