DAX and CAC Technical Analysis for the Days Ahead
The DAX is recovering from support while the CAC springs back strongly; unclear yet whether this is only a recovery bounce or the beginning of a run.
EUR/GBP IG Client Sentiment: Our data shows traders are now net-short EUR/GBP for the first time since Sep 06, 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.
FOMC Event Risk: How Will the Market React?
Federal Reserve in focus. Eyes on dot plots with a first look at 2024. Taper details to be closely watched
US 500 IG Client Sentiment: Our data shows traders are now net-long US 500 for the first time since May 20, 2021 when US 500 traded near 4,159.45.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bearish contrarian trading bias.
USD/JPY Rebounds Ahead of FOMC, BOJ Unchanged with Bleak Outlook
USD/JPY is bouncing higher as investor’s position themselves for the Fed meeting
EUR/USD Price Remains Pointed Lower on Divergent Monetary Policy
The highly anticipated FOMC decision this evening may well leave traders unfulfilled but the Fed will soon start bond tapering in complete contrast to the ECB.
EUR/JPY IG Client Sentiment: Our data shows traders are now at their most net-long EUR/JPY since Aug 18 when EUR/JPY traded near 128.61.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bearish contrarian trading bias.
British Pound (GBP) Price Outlook: GBP/USD Stabilizing on Evergrande Relief
GBP/USD is steadying Wednesday after the troubled Chinese property company Evergrande said it would make a bond interest payment Thursday, lifting market sentiment generally.
Crude Oil Jumps as Risk Turns On Evergrande Debt Deal, FOMC Ahead. Will Prices Rally?
Crude oil prices went higher with Evergrande stalling a debt default and the PBOC opening the liquidity tap. Where to before Fed taper talk?
Gold, Copper Forecast: XAU Eyes FOMC, Evergrande News Sends Copper Flying
Gold remains higher despite positive Evergrande news out of China. Meanwhile, copper bulls are pushing prices upward as the potential for a housing crisis in China ebbs.