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Forex

Oil Price Reverses Ahead of Weekly Low as US Crude Inventories Fall

Posted by By 27/01/2021Posted inForex
The price of oil bounces back ahead of the weekly low ($51.82) as fresh data prints coming out of the US show an unexpected contraction in crude inventories.
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Gold Price, Dow, DXY React to January 2021 Fed Rate Decision

Posted by By 27/01/2021Posted inForex
The Federal Reserve just released its January 2021 monetary policy update. How is the latest Fed announcement weighing on gold, the Dow Jones, and US Dollar?
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Bitcoin (BTC) Bulls Bid Support, Refuse to Surrender

Posted by By 27/01/2021Posted inForex
Bitcoin (BTC) prices continue to consolidate as price action highlights a crucial zone
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AUD/USD IG Client Sentiment: Our data shows traders are now net-long AUD/USD for the first time since Jan 20, 2021 06:00 GMT when AUD/USD traded near 0.78.

Posted by By 27/01/2021Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bearish contrarian trading bias.
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Canadian Dollar Price Outlook: USD/CAD Breaks Out Ahead of the Fed

Posted by By 27/01/2021Posted inForex
USD/CAD pushed up to a fresh two-week-high ahead of the Federal Reserve rate decision - can bulls continue to push?
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Gold Price Remains Vulnerable as US Treasury Yields Continue to Fall

Posted by By 27/01/2021Posted inForex
The price of gold may continue to give back the rebound from the monthly low ($1803) as long as the weakness in longer-dated US Treasury yields persists.
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ECB Elevates Currency War Risks, Retail Traders Claim Short Squeeze Victory – US Market Open

Posted by By 27/01/2021Posted inForex
Euro talked down by ECB, US Dollar tracking higher, AUD fails to find inflation lift.
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US Dollar Technical Outlook Turning Positive: USD Charts to Watch

Posted by By 27/01/2021Posted inForex
The US Dollar is trying to turn higher as it tries to make good on a bottoming sequence; a trend test lies not too far ahead from here.
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Sentiment Snapshot (UK): FTSE, GBP/USD, GBP/JPY

Posted by By 27/01/2021Posted inForex
This report covers recent price action (UK) in the context of retail client positioning for IG and tends to focus on trending markets or extremely one-sided sentiment
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Crude Oil Price Grinding Back to Multi-Month High on Positive Fundamentals

Posted by By 27/01/2021Posted inForex
Brent crude continues to nudge higher, helped by news that Iraq will trim production over the next two months
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