Crude Oil Prices Eye EIA Inventory Data as China Fights Covid
Crude oil prices are slightly higher after finding support near the March swing low as global growth fears intensify amid a new wave of Covid cases in China. EIA inventory…
New Zealand Dollar Turns to US CPI Report After RBNZ 50-Baisis Point Rate Hike
The New Zealand Dollar is now facing the US CPI report after the Reserve Bank of New Zealand hiked rates by 50-basis points, as expected. Will NZD/USD aim higher next?
EUR/USD Forecast: Failure to Hold Above Parity Opens Up December 2002 Low
EUR/USD may fall towards the December 2002 low (0.9859) as the Relative Strength Index (RSI) sits in oversold territory.
AUD/USD May Struggle as US Dollar Rally Pauses Ahead of RBNZ, China Trade Data
The Australian Dollar saw a modest rebound overnight as the US Dollar steadied. The Reserve Bank of New Zealand's rate decision and China's trade balance is due out today.
Crude Oil Price Eyes April Low as OPEC Forecasts Slower Demand in 2023
The price of oil may face a further decline over the coming days if crude fails to defend the April low ($92.93).
S&P 500, Nasdaq 100 Forecast: US Inflation Data May Fuel Volatility & Hammer Stocks
June US inflation data will be the main catalyst for price action to watch on Wednesday. Another hot report like May's could strengthen the case for aggressive Fed tightening, hurting…
Silver Price Technical Forecast: Seven-Week Plunge Hits Major Support
Silver collapsed more than 19% ytd with XAG/USD now testing a major technical support zone. Battle-lines are drawn. Levels that matter on the weekly technical chart.
Gold Price Forecast: Further Selling Anticipated – Levels for XAU/USD
Gold prices continue to edge lower, thanks in part to a dispiriting fundamental and technical backdrop.
FTSE 100 IG Client Sentiment: Our data shows traders are now net-short FTSE 100 for the first time since Jul 04, 2022 16:00 GMT when FTSE 100 traded near 7,253.00.
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.
France 40 IG Client Sentiment: Our data shows traders are now net-short France 40 for the first time since Jun 08, 2022 when France 40 traded near 6,414.40.
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.