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Gold Price Forecast: XAU/USD Drops as Risk-Related Assets Receive a Lift

Posted by By 09/03/2022Posted inForex
Gold prices have come off this morning as US and EU equities halt declines in emphatic fashion. However, risks to the upside remain should conflict continue
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France 40 IG Client Sentiment: Our data shows traders are now net-short France 40 for the first time since Feb 28, 2022 04:00 GMT when France 40 traded near 6,598.00.

Posted by By 09/03/2022Posted inForex
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-bullish contrarian trading bias.
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GBP/JPY IG Client Sentiment: Our data shows traders are now net-long GBP/JPY for the first time since Dec 22, 2021 when GBP/JPY traded near 152.35.

Posted by By 09/03/2022Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/JPY-bearish contrarian trading bias.
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EUR/USD Forecast: Euro Reprieve Could be the Calm Before Another Storm

Posted by By 09/03/2022Posted inForex
All eyes are on tomorrows ECB interest rate decision as EUR/USD attempts to stage a comeback however, further downside is favored as Russian tensions plague the Euro.
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Crude Oil Holds High Ground Amid Commodity Bedlam as USD Pauses. Where To For WTI?

Posted by By 09/03/2022Posted inForex
Crude oil remains in the headlines as the US and the UK drop Russian imports and the US Dollar gave up some ground today. Will WTI make a new high?
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Gold Prices at 19-Month Highs Amid Inflation Fear, ETF Inflows

Posted by By 09/03/2022Posted inForex
Gold prices extended higher during Wednesday’s mid-day trading. Heightened geopolitical tensions may keep the precious metal afloat alongside rising inflation expectations. Gold ETFs saw large net ...
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EUR/USD Rebound Looks Untenable as ECB/Fed Policy Divergence Grows Amid War Risks

Posted by By 09/03/2022Posted inForex
The Euro is trading slightly higher against the US Dollar but an extended rally looks unlikely as EUR/USD faces a growing divergence in policy between the ECB and Federal Reserve…
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British Pound Forecast: GBP/USD, GBP/JPY at Risk as Retail Traders Boost Long Bets

Posted by By 09/03/2022Posted inForex
The British Pound remains vulnerable as retail traders build up Sterling long bets. This may spell trouble for GBP/USD and GBP/JPY. What are key levels to watch?
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Australian Dollar Ticks Up on China CPI and PPI. Where to for AUD/USD?

Posted by By 09/03/2022Posted inForex
The Australian Dollar moved up a notch after China's inflation gauges were mostly as expected. Will AUD/USD recover overnight loses?
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Nasdaq 100 Falls amid Nickel Short Squeeze Frenzy, Nikkei 225 May Rise

Posted by By 09/03/2022Posted inForex
Wall Street stocks had another volatile session as huge price swings in nickel contained risk appetite. Crude oil prices gained as the US and UK planned to ban Russian oil…
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