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Crude Oil Dips as US Dollar Steadies with a Pending Debt Deal Vote. Where to for WTI?

May 30, 2023

The crude oil price gave up yesterday’s gain today while the US Dollar regained the ascendency in some pockets of the currency market as the …

Market Outlook

US Dollar Poised After Debt Deal Break Through. Will the DXY Index Retreat?

May 29, 2023

The US Dollar ascendency could face some scrutiny this week after the US debt ceiling issues appear set to be resolved in the coming days. …

Forecasts

US Dollar Weekly Outlook: Will US Debt Ceiling Deal and Jobs Report Boost DXY Further?

May 28, 2023

The US Dollar climbed 3 percent over the past 3 weeks, sustained by economic data that has been pouring cold water on Fed rate cut …

Forecasts

Gold Prices at Risk of Deeper Correction on Surging Real Yields, USD Strength

May 28, 2023

Gold prices could continue to slide in the near term if real yields and the U.S. dollar extend their rebound on the back of a …

Forecasts

S&P 500, Nasdaq Week Ahead: Momentum Surges on Debt Deal Optimism

May 27, 2023

US equity indices look set to extend gains in the coming week on rising hopes of a deal to raise the US debt ceiling. What …

Market Outlook - European Market

Euro Weekly Forecast: EUR/USD Recovery Hinges on Debt Ceiling Deal

May 27, 2023

A big week ahead in terms of event risk as Euro eyes a recovery. Euro Area inflation likely to be overshadowed by a potential deal …

Forecasts

Australian Dollar Outlook: US Dollar Dominates Proceedings

May 27, 2023

The Australian Dollar collapsed last week with the US Dollar regaining broad-based ascendency as Treasury yields moved north on a tilt in the Fed rate …

Market Outlook - European Market

US Dollar Rides High as Debt Debate Continues Amid Fitch Re-Rating. Higher DXY?

May 25, 2023

The US Dollar galloped to a 2-month peak today with Treasury yields continuing their climb as the debt ceiling resolution proves elusive and the Fed …

Cryptocurrency

Japan to introduce strict anti-money laundering rules on cryptocurrency transactions

May 24, 2023

New regulations re crypto and money laundering are due in Japan from June 1. Details are here: The rule requires crypto exchanges, wallet platforms, and …

Sentiment

France 40 IG Client Sentiment: Our data shows traders are now net-long France 40 for the first time since Mar 15, 2023 when France 40 traded near 6,947.70.

May 24, 2023

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-bearish contrarian …

Sentiment

FTSE 100 IG Client Sentiment: Our data shows traders are now net-long FTSE 100 for the first time since Mar 30, 2023 when FTSE 100 traded near 7,622.50.

May 24, 2023

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bearish contrarian …