AUD/USD, EUR/USD, GBP/USD: Will Retail Traders Boost Upside Exposure?
Recent changes in retail positioning warn that EUR/USD and GBP/USD could extend losses after key resistance levels held. Will AUD/USD follow lower?
Japanese Yen Price Analysis: USD/JPY, CAD/JPY, GBP/JPY Key Levels
USD/JPY and GBP/JPY may reverse lower in the near-term as both exchange rates fail to breach key resistance. CAD/JPY rates eyeing a retest of its post-crisis high.
Dow Jones Falls, SGD Gained on MAS Policy, Hang Seng Eyes Xi's Speech
The Dow Jones retreated from a six-week high despite big US banks posting solid earnings. Singapore’s GDP missed estimates; monetary policy stayed on par. Xi’s Shenzhen speech is in focus…
GBP/USD IG Client Sentiment: Our data shows traders are now net-long GBP/USD for the first time since Oct 02, 2020 when GBP/USD traded near 1.29.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bearish contrarian trading bias.
USD/CAD Bullish Outside Day Price Formation Indicates Larger Rebound
USD/CAD may trade within a more defined range as the bullish outside day (engulfing) candle formation points to a larger rebound in the exchange rate.
S&P 500 Overextended on Fiscal Stimulus Optimism? Biden Leads Trump
The S&P 500 has rallied along with other equity indices as optimism about a fiscal stimulus package swells. Betting odds show Joe Biden overwhelmingly leading Donald Trump – but what’s…
Nasdaq 100 Forecast: Tech Stock Rally Stops to Catch its Breath, What Next?
After breaking above resistance late last week, the Nasdaq 100 has surged higher, moving to within a few percentage points of its all-time high. With the recent rally on pause,…
USD Price Outlook: US Dollar Fueled by Stimulus Deal Volatility
The US Dollar spiked higher to claw back recent downside on Tuesday as trader sentiment soured amid fading stimulus hopes and resurfacing market volatility. Will EUR/USD, GBP/USD, and AUD/USD price...
DAX 30, FTSE 100, CAC 40 Forecasts for the Week Ahead
After surging to start the week, the DAX 30, FTSE 100 and CAC 40 reversed some of their earlier gains as risk appetite waned. Regardless, the longer-term technical formations remain…
EUR/USD Technical Outlook: Euro Makes Round Trip Back to Key Zone
EUR/USD has pushed right back down to a key zone of support. Can Sellers take control or will this zone exhibit yet another inflection?