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GBP/USD IG Client Sentiment: Our data shows traders are now net-long GBP/USD for the first time since Jan 07, 2022 when GBP/USD traded near 1.36.

Posted by By 24/01/2022Posted 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/USD-bearish contrarian trading bias.
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US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD, USD/CAD

Posted by By 24/01/2022Posted inForex
The US Dollar continues to bull-higher after the oversold reading that flashed after the CPI report. This Wednesday brings the Fed - will they be as hawkish as markets are…
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US Dollar Remains Firm Despite Soft US PMI, Equities Under Pressure

Posted by By 24/01/2022Posted inForex
U.S. PMI January reported, growth slows to an 18-month low.
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Bitcoin (BTC/USD) Technical Outlook Goes from Bad to Worse

Posted by By 24/01/2022Posted inForex
BTC/USD breakdown below confluent support is displaying lots of momentum; next major level of support for both BTC and ETH in view.
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Nasdaq 100, S&P 500, Russell 2000 Mauled as Risk-Off Sentiment Dominates Price Action

Posted by By 24/01/2022Posted inForex
Global stock markets continue to fall, hit hard by fears of excessive Fed hawkishness and the buildup of Russian troops on the Ukraine border.
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USD Longs Slashed, CAD Flips Net Long, No More Shorts to Fuel GBP/USD Rise

Posted by By 24/01/2022Posted inForex
USD longs drop by 1/3, traders bullish CAD into BoC risk, GBP short squeeze out of juice
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British Pound Breaking News: GBP/USD Indifferent After PMI Miss

Posted by By 24/01/2022Posted inForex
Cable was unmoved by weak UK PMI numbers this morning as markets focus on the upcoming Fed rate decision later this week, while GBP/USD finds support at 100-day EMA.
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Germany PMI Data Beat: Manufacturing (60.5), Services (52.2)

Posted by By 24/01/2022Posted inForex
The German economic environment looks to be on the up after strong manufacturing data and improved services data
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Euro Holds Ground as Asset Allocations Unfold Ahead of the Fed. Can EUR/USD Rally?

Posted by By 24/01/2022Posted inForex
The Euro has been steady despite high volatility across markets in anticipation of the Federal Reserve meeting this week. Will the EUR/USD trend remain intact?
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S&P 500 Fall May Lead APAC Stocks Lower, Tech Earnings in Focus

Posted by By 24/01/2022Posted inForex
US stocks tumbled on Friday in another sign that investors are worried about inflationary pressure and central bank tightening. This week’s FOMC meeting, core PCE data and US tech earnings…
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