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US 500 IG Client Sentiment: Our data shows traders are now net-short US 500 for the first time since Sep 26, 2023 when US 500 traded near 4,277.54.

October 10, 2023

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian …

Central Banks

Timiraos: Higher long-end yields likely to extend Fed pause

October 10, 2023

WSJ Fed whisperer Nick Timiraos is out with his latest. a run-up in long-term interest rates might substitute for a further central bank rate hike …

Central Banks

Atlanta Fed GDPNow estimate for Q3 growth rises to 5.1% from 4.9% previously

October 10, 2023

The Atlanta Fed GDPNow model for Q3 growth rises to 5.1% from 4.9% previously. In their own words: The GDPNow model estimate for real GDP …

Technical Analysis

GBPUSD looks toward 50% retracement target. Key target to get to and through now.

October 10, 2023

The GBPUSD is trading to a new high going back to September 22, and in the process is stretching toward its 50% midpoint of the …

Technical Analysis

EURUSD making a break for it. Find out by watching this video.

October 10, 2023

In this video, I take a look at the EURUSD as buyers make a play above key resistance on both the hourly and the daily …

Technical Analysis

AUDUSD trades up and down today, but holds support area on dip

October 10, 2023

The AUDUSD has been trading up and down in trading today, and in the process stalled the falls near the 50% midpoint of the move …

Technical Analysis

The broader indices are moving higher with the NASDAQ index testing key MA resistance

October 10, 2023

The major US stock indices are moving higher with the NASDAQ index approaching 1%, and the S&P index up nearly 0.75%. At session highs, the …

Technical Analysis

USDCAD finds support buyers near the moving average support. What next for the pair?

October 10, 2023

You raise your The USDCAD continued its run to the downside in in the Asian session today, and in the process fell below the 50% …

Central Banks

Fed’s Bostic: Inflation has improved considerably, still a long way to go

October 10, 2023

We’re in a good place for us to get to 2% inflation There’s certainly more for us to do I don’t have a recession in …

Central Banks

What’s on the Federal Reserve agenda today

October 10, 2023

Yesterday the Fed’s Jefferson and Logan indicated a higher chance that the Fed is done hiking, due to higher long-end yields. That helped to boost …

Technical Analysis

USDCHF finds support buyers on the dip just ahead of the 200 day MA. What next?

October 10, 2023

The USDCHF dipped to a low of 0.9033 today and in the process got within 5-6 pips of the key 200 day MA. Support buyers …