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After-market relief in Wall Street, with look-ahead to US job report: US dollar, Straits Times Index, Copper

Posted by By 04/08/2023Posted inForex
Major US indices ended the day slightly underwater, as the US 10-year Treasury yields continue to head to its highest level in almost nine month.
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Gold Price Ponders Direction as the US Dollar and Treasury Yields Eye Higher Levels

Posted by By 04/08/2023Posted inForex
The gold price stalled on trend line support today as markets take stock of a rising US Dollar and Treasury yields. The perceived ‘haven’ status is yet to emerge for…
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Dow Jones, S&P 500 Pullback May Accelerate as Retail Traders Become Bullish

Posted by By 03/08/2023Posted inForex
The Dow Jones and S&P 500 have pulled back cautiously and while retail traders are still overwhelmingly short, upside bets are rising. Is this a sign of further weakness to…
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US Nonfarm Payrolls Preview: EUR/USD and USD/JPY’s Trend Hinges on Jobs Data

Posted by By 03/08/2023Posted inForex
The July U.S. employment report will provide valuable information on the health of the U.S. economy and help shape the near-term outlook for EUR/USD and USD/JPY.
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AUD/USD IG Client Sentiment: Our data shows traders are now at their most net-long AUD/USD since Oct 08 when AUD/USD traded near 0.64.

Posted by By 03/08/2023Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bearish contrarian trading bias.
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US Breaking News: ISM Services PMI Dampens Strong US Data Streak

Posted by By 03/08/2023Posted inForex
ISM services PMI data revealed higher prices but lower activity, new orders and employment figures. The services sector continues to expand but softer data is concerning
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USD/MXN Short-Term Rally Continues as US Treasury Yields Climb

Posted by By 03/08/2023Posted inForex
The US dollar is gaining on the Mexican Peso for a fourth day in a row – is the long-term technical outlook for USD/MXN starting to change?
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Oil Price Update: WTI and Brent Pullback on Continuing Risk Off Sentiment

Posted by By 03/08/2023Posted inForex
Oil markets tentatively continue the move lower as markets digest the effect of the Fitch downgrade. An extended WTI pullback towards $82 may re-engage bullish interest
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UK Breaking News: BoE Hikes by 25bps to 15-Year High

Posted by By 03/08/2023Posted inForex
GBP/USD remains under pressure despite the BoE hiking rates by 25bps. The dovish slant to the announcement added to risk off sentiment, keeping cable subdued.
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EUR/USD Continues to Slide as EUR/JPY Retreats from YTD High, What Next?

Posted by By 03/08/2023Posted inForex
Euro faces renewed pressure as business activity continues to decline. Is this the beginning of a long-term downtrend or merely a correction following an extended upside rally?
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