EUR/USD Rises on Improved Risk Sentiment, Softer USD and Yields
EUR/USD trades higher, mainly due to external influences which begs the question of how long the bullish run will last. US jobs data could reignite the USD bull trend
Gold Outlook: XAU/USD Extends Rally, Buoyed by Falling Yields and a Weaker Dollar
The precious metal remains driven by external factors. Potential for further volatility remains as US Job data could spur renewed dollar strength.
Germany 40 IG Client Sentiment: Our data shows traders are now net-short Germany 40 for the first time since Sep 14, 2022 when Germany 40 traded near 13,089.10.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Germany 40-bullish contrarian trading bias.
France 40 IG Client Sentiment: Our data shows traders are now net-short France 40 for the first time since Sep 15, 2022 when France 40 traded near 6,097.90.
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.
British Pound Latest: GBP/USD Rallies Back to Pre-Meltdown Levels
GBP/USD has rallied over 10% in the last 8 days and is back at levels last seen before the UK mini-budget and gilt market collapse.
Japanese Yen Forecast: Fed Rate Repricing Softens Dollar Sustaining USD/JPY Below 145
USD/JPY continues to test the 145 psychological barrier ahead of several large option expiries and Fed speakers.
Japanese Yen Withstands Attacks as a Rosier Outlook Boosts Equities. Will USD/JPY crack 145?
The Japanese Yen hardly blipped despite a missile flying overhead and the US Dollar sliding elsewhere to start the week and the RBA delivered a dovish hike. Where to for…
Dow Jones Industrial Average, Nasdaq Composite Index Technical Outlook: Seasonal Rebound Ahead?
Beaten-down sentiment, oversold conditions and seasonality raise the likelihood of short-term rebound for the Dow Jones and Nasdaq Composite. What are the key levels to watch ahead?
Australian Dollar Tanks After RBA Hike by Only 0.25%. Where to for AUD/USD?
The Australian Dollar has dived after the RBA raised the cash rate target by 25 basis points to 2.60%, less than the 50 basis points expected.
Crude Oil Prices Eye OPEC Meeting as Markets Weigh Rising Rates
Crude oil prices are extending gains made during Wall Street trading even as the RBA and RBNZ ready higher rates. Speculators grew more bearish ahead of a potential OPEC production…