Check S&P 500 Historical Averages Against Current Issues, Dollar Wobble at Decade Highs
This past week ended with a correction to significant market moves - a rebound in risk assets led by the S&P 500 and a slip from the US Dollar pushing…
Canadian Dollar Weekly Technical Forecast: USD/CAD Holds Above 1.30
USD/CAD ended the week on the backfoot and now looks for a fundamental catalyst to gain directional momentum.
Gold and Silver Technical Forecast for the Week Ahead: XAU/USD, XAG/USD Turning?
Gold prices leveled this past week following persistent losses in August as traders established support. Silver is making a more aggressive push. What are key levels to watch ahead?
British Pound (GBP) Forecast: Sterling Rally Provides Short Term Relief, Bigger Picture Remains Grim
Sterling remains under pressure as the recent rally may prove short-lived. The BOE meeting has been postponed to September 22.
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
The US Dollar started the week with massive strength but has since pared gains on the back of a breakout in EUR/USD.
Gold Price Set Up to Test Major Long-term Support Again
Gold continues to look vulnerable, and on that more weakness will bring in another test of long-term support; make or break?
USD/CAD Breaking News: Loonie Retreats on Canadian Labor Data
The Canadian dollar lost ground after disappointing labor data leaving USD/CAD trading above 1.30.
WTI Crude Oil Faces a Growing Storm as Demand Concerns Intensify
WTI price rebound could be short-lived with a host of concerns on the horizon.
USD/CHF IG Client Sentiment: Our data shows traders are now net-long USD/CHF for the first time since Aug 31, 2022 03:00 GMT when USD/CHF traded near 0.98.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CHF-bearish contrarian trading bias.
France 40 IG Client Sentiment: Our data shows traders are now net-short France 40 for the first time since Aug 30, 2022 15:00 GMT when France 40 traded near 6,189.30.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-bullish contrarian trading bias.