Outlook on FTSE 100, DAX 40 and S&P 500 Ahead of Next Week’s Central Bank Meetings.
Technical analysis on FTSE 100, DAX 40 and S&P 500 within their fundamental context.
USD Price Forecast: DXY Holds its Breath Ahead of Big Data Week
The U.S. dollar found some backing this morning while trading within a bull flag pattern; however, US CPI and the FOMC will ultimately decide on investor sentiment.
New Zealand Dollar Boosted by Low Volatility; What’s Next for NZD/USD, AUD/NZD, EUR/NZD?
The suspension of the US debt ceiling, the resilience of the global economy, and hopes that US interest rates are peaking have boosted risk-sensitive currencies, including the New Zealand dollar.…
EUR/USD IG Client Sentiment: Our data shows traders are now net-short EUR/USD for the first time since May 11, 2023 when EUR/USD traded near 1.09.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bullish contrarian trading bias.
AUD/USD IG Client Sentiment: Our data shows traders are now net-short AUD/USD for the first time since May 09, 2023 when AUD/USD traded near 0.68.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bullish contrarian trading bias.
Asia Day Ahead: Wall Street Up Overnight; Sentiment in Extreme-Greed Territory
The softer US economic calendar overnight prompted market participants to source for clues on the Fed’s policy path from the US weekly jobless claims.
Crude Oil Price Bounces Around but is Unable to Break the Range. Where to for WTI?
Crude oil prices regained traction going into Friday after testing the downside overnight as potentially more supply coming online before USD tanked. Will the range break for WTI?
Gold Rallies as US Dollar Sinks on Jobless Claims Surge, XAU/USD Eyes Bullish Engulfing
Gold prices rallied as the US Dollar and Treasury yields sank after an unexpected surge in US jobless claims. XAU/USD now faces a Bullish Engulfing, will prices find follow-through next?
Canadian Dollar Outlook: USD/CAD at Risk on Hawkish BoC but Fed May Be a Spoiler
The Bank of Canada's hawkish stance could weigh on USD/CAD in the near term, but the Fed could counter weakness if it embraces an aggressive stance at its June meeting…
Silver Prices Draw Support from USD Weakness and Falling Yields, US CPI Eyed
After a subdued performance on Wednesday, silver prices spring back to life, rallying more than 3% on Thursday, boosted by U.S. dollar weakness and falling yields.