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USD/JPY IG Client Sentiment: Our data shows traders are now at their most net-long USD/JPY since Jan 25 when USD/JPY traded near 113.89.

Posted by By 14/11/2022Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bearish contrarian trading bias.
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Crude Oil Forecast: Monthly OPEC Report in Focus for Brent

Posted by By 14/11/2022Posted inForex
Brent crude oil keeps its head above the 95.00 support handle ahead of OPEC’s monthly oil report (MOMR).
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USD/JPY IG Client Sentiment: Our data shows traders are now net-long USD/JPY for the first time since Jan 26, 2022 when USD/JPY traded near 114.72.

Posted by By 14/11/2022Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bearish contrarian trading bias.
Read More

EUR/USD Technical Outlook: Tough Barrier Ahead

Posted by By 14/11/2022Posted inForex
The Euro is running into pretty strong resistance that could at least temporarily stall the recent rally against the US Dollar. What is ahead for the single currency and what…
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US Dollar Finds Firmer Footing After Fed Clarification. Has the DXY Index Peaked?

Posted by By 14/11/2022Posted inForex
The US Dollar clawed back some ground today the Fed’s Waller hit the wires over the weekend, reminding markets that inflation is still too high. Where to for the US…
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Gold Looks Like Neither Inflation Hedge nor Safe Haven

Posted by By 14/11/2022Posted inForex
The gold market has continued to slide this year despite rampant inflation, Covid and geopolitical turmoil.
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USD/CNH Technical Outlook: Short-Term Pullback to Continue?

Posted by By 14/11/2022Posted inForex
USD/CNH’s fall below key support seems like confirmation that upward pressure has faded in the near term. What is the outlook, and what are the key levels to watch?
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Japanese Yen Boosted Against US Dollar on Soft US CPI. Has USD/JPY Broken Trend?

Posted by By 14/11/2022Posted inForex
The Japanese Yen has rallied after US CPI undermined the US Dollar, sending USD/JPY to fresh 3-month lows ahead of a plethora of Japanese data. Is the ascending USD/JPY trend…
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AUD/USD IG Client Sentiment: Our data shows traders are now net-short AUD/USD for the first time since Aug 15, 2022 when AUD/USD traded near 0.70.

Posted by By 14/11/2022Posted inForex
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bullish contrarian trading bias.
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Markets Week Ahead: Nasdaq 100, Dow Jones, US Dollar, Gold, Bitcoin, FTX, G-20 Summit

Posted by By 13/11/2022Posted inForex
Stock markets surged last week as softer US inflation data cooled Fed rate hike expectations. The Nasdaq 100 and gold soared as the US Dollar tumbled. Bitcoin was unable to…
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