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Australian Dollar Hit by US Dollar Demand Ahead of Fed Minutes. Will AUD/USD Recover?

Posted by By 04/01/2023Posted inForex
The Australian Dollar tanked alongside other currencies as the US Dollar galloped higher, spurred on by the prospect of what the Fed meeting minutes might reveal. Where to for AUD/USD?
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EURUSD Starts 2023 Off with a Bang, But Does It the Start of Anything Grander?

Posted by By 04/01/2023Posted inForex
We have called to a close the first full trading day of the New Year. There was plenty of volatility to point to, but is there a signal to accompany…
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Dow Jones, S&P 500 Forecast: Stocks at Risk as Retail Traders Increase Long Bets

Posted by By 04/01/2023Posted inForex
The Dow Jones and S&P 500 remain vulnerable as retail traders continue building upside exposure. Meanwhile, both face Death Crosses as downside technical signals brew.
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SPX Since the Top: A Year on the Charts

Posted by By 03/01/2023Posted inForex
S&P 500 futures set their current all-time-high a year ago, on January 4th. And since then it’s lost about 20%, but there’s been a lot of swings along the way.
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USDJPY Outlook Holds Bearish Course Despite Dollar and Risk Trend Conflict

Posted by By 03/01/2023Posted inForex
When it comes to USDJPY, there are usually two prominent competing influences at work: the disruptive Dollar’s strength and risk appetite. With the Greenback awaiting the revival of its carry…
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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

Posted by By 03/01/2023Posted inForex
The USD started off the year with a spurt of strength. But will the Q4 bearish trend take over again, or will see see the bullish breakout that was so…
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Dax, Ftse Positive in First Trading Session of 2023 While Dow Lags

Posted by By 03/01/2023Posted inForex
The German Dax and FTSE 100 have entered the year on a positive note while the Dow Jones lagged in the first trading session of the new year.
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Euro Update – EUR/USD May Re-test 105.00 on Weaker-Than-Expected German Inflation

Posted by By 03/01/2023Posted inForex
German inflation fell for the second month in a row but still sits at uncomfortably high levels for all concerned.
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Crude Oil Forecast: WTI Finding Resistance but Bullish Momentum Remains Intact

Posted by By 03/01/2023Posted inForex
The oil market will be subjected to the effects of constrained supply, meant to offset lower future demand from contracting global economies
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EUR/JPY IG Client Sentiment: Our data shows traders are now net-long EUR/JPY for the first time since Aug 02, 2022 when EUR/JPY traded near 135.17.

Posted by By 03/01/2023Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bearish contrarian trading bias.
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