USD Bulls Extend, AUD Outlook Depends on RBA, CAD Flips to Short – COT Report
US Dollar longs hit 18-month high, Euro net longs slashed, AUD outlook depends on RBA policy path.
Crude Oil Price Under Pressure as Saudi Aramco Cuts Prices Into Asia
Crude oil prices fought against price cuts from Saudi Aramco as well as a stronger dollar today as the U.S. celebrated Labour Day, as brent crude tests $72.00 per barrel.
Bitcoin (BTC/USD) Price Forecast: Boom or Bust for Bitcoin Bulls Above $52,000?
Bitcoin prices struggle to surpass $52,000 after breaking through prior resistance of $50,000.
SA GDP Preview: SA Rand (ZAR) Strengthens to Best Level in a Month Ahead of Q2 Data
The ZAR continued to strengthen against the dollar during a relatively quiet Labor Day holiday in the US.
FTSE 100 IG Client Sentiment: Our data shows traders are now net-short FTSE 100 for the first time since Aug 18, 2021 when FTSE 100 traded near 7,117.40.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bullish contrarian trading bias.
Gold Price (XAU/USD) Outlook: Another Test of Multi-Week Resistance
Gold perked up post-US NFPs on Friday but the precious metal is still finding it difficult to break through a multi-week resistance level.
New Zealand Dollar Forecast: NZD/USD Rise Capped, NZD/JPY Tracking Nikkei 225 Higher
NZD/USD Advance Halted by YTD Trendline, NZD/JPY Tracking Nikkei 225 Surge
GBP/USD Outlook: Parliament Return Could Cause GBP Weakness
As the Dollar recovers from Friday’s NFP disappointment, GBP Faces Political Turmoil as Parliament tries to deal with piling issues
US Dollar Rebounds, Pushing Crude Oil Lower. More Production To Keep a Lid Prices?
The US Dollar regained some lost ground on Monday with crude oil and gasoline lower, but aluminium at 15-year highs. Can the crude make break higher?
Japanese Yen Technical Analysis: AUD/JPY, CAD/JPY, NZD/JPY
AUD, CAD and NZD have been appreciating against the Japanese Yen in the last few weeks. Can the commodity currencies continue to do so?