Australian Dollar Technical Analysis: Morning Star Candlestick Patterns Emerge – Setups in AUD/JPY, AUD/USD
Both AUD/JPY and AUD/USD have been crushed in August. But the charts suggest that near-term bottoms may be forming.
Copper Price Forecast: Fighting to Retake Pandemic Uptrend
Copper prices have clawed back their losses – but have gains been enough to change the tone?
Gold Price Forecast: Gold Breaks Out Above 1800 – GLD Levels
Gold prices put in a strong move to open this week. Will bulls be able to drive through the Jackson Hole Economic Symposium?
USD/CAD Forecast: RSI Sell Signal Emerges Ahead of Fed Symposium
USD/CAD may face a pullback ahead of Fed Economic Symposium on tap for later this week as the RSI falls back from overbought territory to indicate a textbook sell signal.
Nasdaq 100 Technical Forecast for the Days Ahead
The NDX in back in record territory, breaking out of a consolidation pattern; looking for more strength ahead.
Nasdaq Price Outlook: PMI Data Eyed Ahead of Fed Symposium
The Nasdaq is gaining ground during early Monday trade as markets digest disappointing PMIs and greater likelihood that the Fed does not announce a taper timeline at Jackson Hole this…
FX Week Ahead – Top 5 Events: Mexico GDP; US Durable Goods Orders; ECB Meeting Minutes; US Michigan Confidence; Powell’s Jackson Hole Speech
The final week of August has a relatively thin economic calendar, but the US docket is still saturated.
US Dollar Technical Outlook: DXY Pullback May Offer Opportunity
The USD is retreating from its best levels of the year, but the trend is still up; watch how support is tested in the near-term.
Markets Week Ahead: Dow, EUR/USD, Oil, Fed Symposium, PMIs, Delta
Markets faced a broad risk-off tone last week with sentiment deteriorating further due to global growth concerns and the delta variant of covid. The Dow and EUR/USD eye the Fed…
EUR/GBP IG Client Sentiment: Our data shows traders are now net-short EUR/GBP for the first time since Jul 21, 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.