Gold Price Forecast: Funds Flip Net Short in Gold
Gold struggles despite USD pullback, funds net short for the first time since 2019
British Pound (GBP) Forecast: Mixed UK Inflation Sees Headline Beat While Core Dips
GBP/USD stays bid this morning post-inflation. The pound has been supported by strong UK economic data this week as PMI’s come into focus on Friday.
Euro Q3 2022 Forecast: Euro May Fall Anew as Debt Crisis Fears Dilute ECB Rate Hikes
The Euro has steadily depreciated against a basket of major currencies since Dec. 2020. Tellingly, that turning point coincided with topping gold prices and the start of a creep higher…
Gold Price Wallows Despite Soft US Dollar and Buoyant Risk Appetite. Will XAU/USD Rally?
The gold price has barely bounced from last week's low despite broad US Dollar weakness permeating markets as risk sentiment turned rosy. Where to for XAU/USD?
Gold IG Client Sentiment: Our data shows traders are now at their most net-long Gold since Jul 06 when Gold traded near 1,739.01.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Gold-bearish contrarian trading bias.
Crude Oil Prices Poised to Resume Climb After EIA Data
Crude oil prices are moderating after a multi-day rally that was aided by a weaker US Dollar and risk-on flows. Traders are likely sitting on the sidelines ahead of tonight's…
Australian Dollar Soars on US Dollar Weakness While RBA Faces Review. Higher AUD/USD?
The Australian Dollar has rallied on improving risk sentiment but the announcement of details of a review into the RBA might cloud rate hikes. Will AUD/USD rally anyway?
Dow Jones, S&P 500 Outlook: Traders are Selling Wall Street’s Reversal, More Gains Next?
The Dow Jones and S&P 500 may rise as retail traders turn bearish on Wall Street. Both indices are carving out Ascending Triangles, with breakouts opening the door to further…
USD/JPY Pullback Emerges Ahead of BoJ Interest Rate Decision
The Bank of Japan (BoJ) interest rate decision may prop up USD/JPY as the central bank remains reluctant to move away from its easing cycle.
Bitcoin Rallies into APAC Trading as Market Sentiment Brightens
Bitcoin and US stocks rallied overnight as traders look past a looming recession. China may cut its 5-year Loan Prime Rate at today's monthly fixing to help support the property…