USD/JPY Technical Outlook is Shape-shifting
USD/JPY has been stuck in a developing wedge that could morph into a bull-flag; levels and lines to watch.
Gold Price Rally Eyes September High with US Yields Under Pressure
The price of gold may continue to retrace the decline from the September high ($1834) as the 10-Year US Treasury yield holds near the monthly low (1.44%).
US Dollar Technical Outlook: Capped by Resistance, for Now
The DXY is turning off a big are of resistance; will it be a meaningful turn lower or small pullback before breaking on through to the other side?
EUR/GBP IG Client Sentiment: Our data shows traders are now net-short EUR/GBP for the first time since Sep 30, 2021 when EUR/GBP traded near 0.86.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bullish contrarian trading bias.
British Pound (GBP) Outlook Strained as Article 16 Fears Flare Up
Sterling opens the week relatively unchanged but news that the Brexit Trade deal may be scrapped if the UK triggers article 16 could see GBP drop again.
Tesla Drops as Elon Musk Proposes to Sell 10% Tesla Stake After Twitter Poll
Tesla opens lower following Musk’s Twitter Poll, however, don’t rule out a quick rebound
Bitcoin (BTC) and Ethereum (ETH) – Rallying Hard as The Week Opens
Bitcoin and Ethereum open the week with hefty gains with ETH/USD making another all-time high, while BTC/USD is just a fraction away.
GBP/JPY IG Client Sentiment: Our data shows traders are now net-long GBP/JPY for the first time since Sep 23, 2021 when GBP/JPY traded near 151.35.
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.
Crude Oil Reignites for Bulls As OPEC+ News Sinks In. Can WTI Make a New High?
WTI crude oil firmed higher again in Monday Asia trade as positive news from China failed to lift equities. Where to for oil from here?
Gold Price Outlook Turns to Fed Chair Jerome Powell as XAU/USD Breaks Resistance
Gold prices are eyeing Fed Chair Jerome Powell after closing at the highest since early September. Will his comments keep Treasury yields suppressed, boosting XAU/USD?