Sentiment Oil – US Crude IG Client Sentiment: Our data shows traders are now at their least net-long Oil – US Crude since Apr 13 when Oil – US Crude traded near 82.46. Posted onJuly 31, 2023 Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Oil – US …
Technical Analysis WTI Crude oil futures trade to the highest level since April Posted onJuly 31, 2023 WTI crude oil futures are trading higher by about $0.84 or 0.99% at $81.40. The high price today has reached $81.72. That took the price …
Technical Analysis The USDCHF stalls the rally near the 38.2% retracement and moves toward key MA support Posted onJuly 31, 2023 The USDCHF moves higher to a new high in the late London morning session. The high price moved up to test the 38.2% of the …
Technical Analysis USDCAD tumbles in trading today. Higher oil helps to support the CAD. Posted onJuly 31, 2023 We know The USDCAD is moving sharply to the downside in trading today. In the process, the price has moved below its 100-hour moving average …
Technical Analysis AUDUSD trades higher today ahead of RBA decision, but approaches key technical resistance Posted onJuly 31, 2023 The AUD is the strongest of the major currencies today and the AUDUSD is one of the big gainers with a rise of 1.23%. The …
Technical Analysis GBPUSD trading in a narrow trading range but sellers remain in control Posted onJuly 31, 2023 The GBPUSD moved higher in the European session but found willing sellers against its 100/200 hour moving averages (blue and green lines in the chart …
Central Banks Fed’s Goolsbee: Last six months have shown we can bring down inflation without jobs lost Posted onJuly 31, 2023 So far we’ve been able to walk the golden path The bank problems ‘have been the dog that’s not barking’ We have been disproving people …
Technical Analysis The USDJPY is one of the biggest movers of the day. Price is above 50%/61.8% of July range Posted onJuly 31, 2023 The USDJPY is a big mover today with a gain of 0.84% on the day. That move to the upside took the price above the …
Technical Analysis EURUSD finds willing sellers against the 100 hour MA to start the trading week Posted onJuly 31, 2023 The EURUSD has seen down-and-up trading to start the new trading week. The move to the downside and the Asian session installed ahead of its …
Technical Analysis Nasdaq Composite Technical Analysis – Key resistance in sight Posted onJuly 31, 2023 Last week, the Fed hiked by 25 bps as expected and left everything unchanged. The market was more focused on the press conference to see …
Technical Analysis Gold Technical Analysis – Watch out for economic data this week Posted onJuly 31, 2023 Last week, the Fed hiked interest rates by 25 bps as expected leaving the policy statement unchanged. The market was eager to get some clues …