S&P 500, Nasdaq, Dow Hold Support, Look to Powell’s Jackson Hole Speech
US Indices traded in a small range today as markets patiently await guidance from Fed Chair, Jerome Powell.
Gold Price Rebound Susceptible to Negative Slope in 50-Day SMA
Failure to push back above the 50-Day SMA ($1769) may undermine the recent rebound in the price of gold as the moving average continues to reflect a negative slope.
Australian Dollar Forecast: No Bullish Follow Through, Yet – Setups for AUD/JPY, AUD/USD
AUD/JPY rates and AUD/USD rates continue to tell different stories.
Silver Price Forecast: Rising US Real Yields Continue to Weigh – Levels for XAG/USD
Silver prices remain under pressure.
S&P 500 Halts Recent Slide Despite Stalling Below Key Resistance
Equities are staging a minor rally Wednesday to put an end to the pre-Jackson Hole slide.
USD/CHF IG Client Sentiment: Our data shows traders are now net-short USD/CHF for the first time since Jul 22, 2022 when USD/CHF traded near 0.96.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CHF-bullish contrarian trading bias.
Nasdaq (US Tech) 100 Eyes Resistance in Anticipation of Jackson Hole
Nasdaq 100 edges higher despite an explicit threat in fundamentals. USD recovers slightly but tech stocks remain focused on the path ahead.
Euro Technical Analysis: EUR/GBP, EUR/JPY, EUR/USD Rates Outlook
The Euro’s technical weakness is buffered by a fundamental catalyst.
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
The US Dollar has put in a massive move since last week's breakout, and price is standing off at the highs - will bulls force another break to fresh 19-year-highs?