Nasdaq 100 and S&P 500 Near Recent Highs, Hang Seng Drops Back From Three-Month High
The tech-focused Nasdaq 100 and the S&P 500 continue to make gains, while the Hang Seng’s surge has faltered for the time being.
USD/CAD Price Forecast: Loonie Preps for Canadian & US PMI Data
USD/CAD is roughly 0.4% higher for the day thus far ahead of Canadian and US manufacturing PMI’s respectively.
HK/China Equities Attempt to Build Base on Stimulus Hopes; Hang Seng, CSI 300 Price Setups
China/Hong Kong equities appear to be in the early stages of base building amid hopes of further stimulus. What is the outlook and what are the levels to watch in…
Japanese Yen Remains Under Pressure as USD/JPY Looks for Upside Breakout
The Japanese Yen is once again under pressure from the US Dollar in the aftermath of the BoJ. USD/JPY might be readying to resume the broader upside focus. What are…
Australian Dollar Whipsaws After RBA Pause Again on Hiking Cycle. Lower AUD/USD?
The Australian Dollar eventually ran lower after the RBA decided to keep the cash rate unchanged at 4.10%. The softer than forecast quarterly CPI appears to have been the catalyst.…
British Pound Toppish Ahead of BOE: GBP/USD, GBP/AUD, GBP/NZD Price Setups
The chances of a smaller interest rate hike at the Bank of England’s (BOE) meeting on Thursday are growing as UK price pressures appear to be finally moderating from elevated…
Wall Street Drifts Higher Overnight, RBA Meeting in Focus: Russell 2000, Hang Seng Index, Brent Crude
Wall Street drifts higher overnight, as sentiments remain largely on its cautiously optimistic state ahead of more big tech earnings releases and the US job report this week.
Crude Oil Punches Higher as OPEC+ Cuts Bite and Economic Outlook Brightens
Crude oil prices had a stellar month in July as underlying the dynamics of potentially less supply and more demand come to fruition. The structure of the WTI might also…
Gold Price Outlook: XAU/USD May Climb as Retail Traders Unwind Upside Bets
Gold prices have continued to stabilize following a string of losses from May until early July. Retail traders continue to slowly increase downside exposure. Is this bullish for XAU/USD?
Oil – US Crude IG Client Sentiment: Our data shows traders are now at their least net-long Oil – US Crude since Apr 13 when Oil – US Crude traded near 82.46.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Oil - US Crude-bullish contrarian trading bias.