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Germany 40 IG Client Sentiment: Our data shows traders are now net-long Germany 40 for the first time since Oct 25, 2022 when Germany 40 traded near 12,993.90.

July 6, 2023

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

Central Banks

Atlanta Fed GDPNow Q2 estimate rises to 2.1% from 1.9% last

July 6, 2023

The Atlanta Fed GDPNow estimate for 2Q growth rose to 2.1% from 1.9% last. In their own words: The GDPNow model estimate for real GDP …

Technical Analysis

Dollar erasing all of the declines and makes new highs for the day

July 6, 2023

The USD started the day as the weakest of the major currencies. That is no longer the case as stronger data has set the yield …

Technical Analysis

Do you need a technical look at the GBPUSD? Here it is.

July 6, 2023

The GBPUSD moved higher coming into the US session and in the process moved above a swing area between 1.2738 and 1.2759. Let run to …

Technical Analysis

USDCAD runs higher to test the 38.2%, but backs off. What next?

July 6, 2023

The hot ADP employment data sent the USDCAD to the upside and in the process, the price broke above its 38.2% retracement of the move …

Sentiment

FTSE 100 IG Client Sentiment: Our data shows traders are now at their most net-long FTSE 100 since Oct 03 when FTSE 100 traded near 6,900.40.

July 6, 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 …

Sentiment

France 40 IG Client Sentiment: Our data shows traders are now net-long France 40 for the first time since Jun 26, 2023 when France 40 traded near 7,198.30.

July 6, 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 …

Technical Analysis

USDJPY bounces higher after much stronger ADP jobs. Yields surge.

July 6, 2023

The new youThe ADP jobs report came in extremely hot at 497K versus 228K estimate. Initial jobs claims were still fairly strong, and continuing claims …

Central Banks

Fed’s Logan says would have been ok with a June rate hike

July 6, 2023

More rate hikes are likely necessary Very concerned whether inflation will cool quickly enough Challenging and uncertain environment enabled June pause Process of rebalancing economy …