USD Technical Analysis: DXY Bounce May be Short-lived, Euro Testing Support
The US Dollar Index (DXY) is bouncing on risk aversion, but it may prove only temporary as fears abate and the trend lower remains strong.
GBP/JPY IG Client Sentiment: Our data shows traders are now net-long GBP/JPY for the first time since Dec 11, 2020 18:00 GMT when GBP/JPY traded near 137.52.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/JPY-bearish contrarian trading bias.
Gold (XAUUSD) Price Slumps – Markets Rattled by Sharp Risk-Off Move
The precious metal slumped $40/oz. in 30 minutes, before recovering some of its losses, as risk markets and thin trading conditions boost volatility.
Sterling Update: GBP/USD, EUR/GBP, GBP/JPY React to Brexit and COVID Latest
GBP extends losses as markets digest the latest Brexit and COVID concerns
IBEX 35, DAX 30 Forecasts: Bears Take Control as Covid-19 Fights Back
European stock indices are deep in the red as a new strain of Covid-19 forces the UK to shutdown
US Dollar Shorts Reduced, NZD/USD Bulls Stretched – COT Report
US Dollar downtrend to persist, despite pullback in short exposure. NZD longs looking stretched.
British Pound Outlook: Covid Mutation, Brexit Talks Undermine GBP/USD
The British Pound is at risk of significant losses as a new strain of coronavirus forces the tightening of local restrictions, and a no-deal Brexit scenario becomes increasingly likely.
FTSE 100 IG Client Sentiment: Our data shows traders are now net-short FTSE 100 for the first time since Dec 14, 2020 06:00 GMT when FTSE 100 traded near 6,515.80.
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.
How to Trade the Impact of Politics on Global Financial Markets
In a slowing global economy, the threat of geopolitical risks destabilizing global growth are elevated and open the door to violent volatility – and trading opportunities.
US Dollar Technical Forecast: USD/SGD, USD/IDR, USD/PHP, USD/THB
The US Dollar, after persistent losses, is eyeing key support levels against the Singapore Dollar, Indonesian Rupiah, Philippine Peso and Thai Baht. Will these prove to be a turning point?