US Dollar (DXY) Posts a Fresh 16-Month High Ahead of a Cluster of Fed Speakers
The US dollar continues to push ahead and while the path higher remains in place, a clutch of Fed speakers over the rest of the week may influence short-term price…
Gold (XAU/USD): UK CPI Boosts Bullion, USD Strength Limits Gains
UK CPI print boosts demand for Gold but gains are limited by higher yields and corresponding US Dollar strength.
FTSE 100 Forecast for the Week
FTSE 100 underpressure as the index tests psychological support. Sentiment warns of reversal lower.
FTSE 100 IG Client Sentiment: Our data shows traders are now net-long FTSE 100 for the first time since Oct 13, 2021 when FTSE 100 traded near 7,166.70.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bearish contrarian trading bias.
NZD/USD IG Client Sentiment: Our data shows traders are now net-long NZD/USD for the first time since Oct 14, 2021 when NZD/USD traded near 0.70.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bearish contrarian trading bias.
Euro (EUR) Price Outlook: No End Yet in Sight for EUR/USD Weakness
EUR/USD has reached its lowest level since July 2020 and could well slide even further after slicing through the support line of a downward-sloping channel in place since late May.
Dollar Index (DXY) Soars on Data and Hawkish Fed Lifting Yields. Can USD Fly Higher?
The DXY US Dollar Index made a 16-month high as data supporting an economic recovery and hawkish Fed commentary lifted Treasury yields. Where to next for USD?
GBP/USD Breaking News: BOE Rate Hike Almost Certain On Strong CPI Data
Markets have been awaiting the UK CPI figures to confirm the rate hike potential in December. Inflation came in above estimates and along with yesterdays strong UK jobs data, a…
Gold Prices Rise Post CPI, But US Dollar Strength Outshines. Will XAU/USD Go Higher?
Gold prices moved higher in the aftermath of a shock US CPI number last week, but market focus moved onto USD bullishness. Will gold hold the high ground?
Crude Oil Forecast: Rising US Production, Potential SPR Release Weighs on Sentiment
Crude oil prices are on track to drop nearly 2% this week as US production ramps up and the Biden administration mulls a Strategic Petroleum Reserve (SPR) release.