admin – Page 1018

EUR/USD IG Client Sentiment: Our data shows traders are now net-short EUR/USD for the first time since May 11, 2023 when EUR/USD traded near 1.09.

June 9, 2023

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bullish contrarian trading …

Sentiment

AUD/USD IG Client Sentiment: Our data shows traders are now net-short AUD/USD for the first time since May 09, 2023 when AUD/USD traded near 0.68.

June 9, 2023

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bullish contrarian trading …

Market Outlook - Asian Market

Asia Day Ahead: Wall Street Up Overnight; Sentiment in Extreme-Greed Territory

June 9, 2023

The softer US economic calendar overnight prompted market participants to source for clues on the Fed’s policy path from the US weekly jobless claims.

Cryptocurrency

Binance has suspended US currency deposits – cites SEC law suit

June 9, 2023

Binance USD deposits pause on 13 June 2023 Bitcoin is down on the news, circa USD26400 Binance statement: The SEC has taken to using extremely …

Market Outlook - European Market

Crude Oil Price Bounces Around but is Unable to Break the Range. Where to for WTI?

June 9, 2023

Crude oil prices regained traction going into Friday after testing the downside overnight as potentially more supply coming online before USD tanked. Will the range …

Analyst Picks

Short EUR/GBP: Euro Fundamentals Deteriorate Ahead of Central Bank Decisions

June 8, 2023

Revised GDP data for both Q1 and Q4 ’22 data confirmed a euro zone recession while inflation heads in the right direction – music to …

Market Outlook - European Market

Australian Dollar Holds Ground as Market Looks to the Fed after BoC Hike

June 8, 2023

The Australian Dollar consolidated today after a bumpy ride through the Bank of Canada rate hike along with other currency pairs as the market contemplates …

Market Outlook - Asian Market

Asia Day Ahead: Higher Treasury yields triggered profit-taking in Nasdaq overnight

June 8, 2023

A quiet US economic calendar overnight shifted much of the market focus to Bank of Canada (BoC), who became the second central bank to deliver …

Market Outlook

Gold Gets its Groove as Markets Consolidate across the Board. Where to for XAU/USD?

June 7, 2023

The gold price shrugged off a press lower earlier this week with key macro events out of the way, attention might turn toward what the …

Market Outlook - Asian Market

Asia Day Ahead: Modest gains in Wall Street, with economic data on watch in Asia

June 7, 2023

Wall Street added modest gains to their recent rallies overnight, as the VIX pushed to yet another new low since February 2020.

Cryptocurrency

Bitcoin and the rest of the crypto market shrug off lawsuit against Coinbase

June 6, 2023

Bitcoin has nearly erased the rout from yesterday’s SEC charges against Binance and today’s suit against Coindesk. It’s an impressive turnaround after some troubling news, …