S&P 500, Nasdaq 100, Dow Forecasts: Rate Hike Rally Begins Pullback
Stocks have posted a stunning rally after the Fed hiked rates last week and today brings the first legitimate pullback in that move. But just how bullish will buyers remain…
GBP/USD Maintains Losses After Budget Statement
Cautious budget statement keeps GBP at daily lows.
EUR/JPY IG Client Sentiment: Our data shows traders are now at their least net-long EUR/JPY since Feb 11 when EUR/JPY traded near 130.99.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bullish contrarian trading bias.
EUR/USD Price Outlook: Risks Mount to the Downside
The euro failed to capitalize on a recent pullback and continues to face risks to the downside as the rate hiking timeline diverge further from the Fed and BoE
Gold Price (XAU/USD) Pressing Down on Support, US Bond Yields Tick Higher
Gold is in a short-term downtrend and will likely remain that way, absent an escalation in the Ukraine crisis, as US bond yields continue to move higher.
British Pound Down Even as Hot CPI Data Beckons BOE Rate Hikes
The British Pound spiked briefly higher, then slipped to session lows as hotter-than-expected UK CPI data failed to make an impression on Bank of England policy bets.
US Dollar Struggles Despite Fed Hawks Screeching for Hikes. Where to for the USD Index (DXY)?
The US Dollar has been trading sideways for 2-weeks despite the Fed signalling a faster rate hike agenda. Will the DXY index resume the uptrend?
Crude Oil Prices Rise on Surprise Inventory Drop, EU Leaders to Meet on New Sanctions
WTI crude oil prices climbed 2% on Wednesday after API reported a surprisingly large draw in crude stockpiles. EU and NATO leaders will meet on Thursday to discuss further responses…
DAX 40, FTSE 100 Forecast: European Stocks Rise, Retail Traders Sell, Now What?
European stock indices, such as the DAX 40 and FTSE 100, could see further gains if retail traders continue increasing their bearish bets. What are key technical levels to watch…
EUR/USD May Target 2022 Low as US Readies New Round of Russian Sanctions
EUR/USD may fall as the United States readies a new round of Russian sanctions. The fallout from the war in Ukraine is likely to drag economic growth in Europe, and…