admin – Page 957

US Dollar Slides on Uncertainties While Japanese Yen Firms Despite Poor Data

May 22, 2023

The US Dollar drifted lower as debt ceiling concerns and a potentially dovish Federal Reserve undermined. The Japanese Yen managed to rally after poor data. …

Forecasts

US Dollar Weekly Forecast: DXY Breaks Higher Ahead of the Fed’s Key Inflation Gauge

May 21, 2023

The US Dollar extended its winning streak alongside Treasury yields as markets priced out Fed rate cuts. Ahead, will the Federal Reserve’s preferred inflation gauge …

Forecasts

Crude Oil Outlook Dims on Debt Limit & Recession Risks, Double-Top Pattern Eyed

May 21, 2023

Crude oil prices may head lower in the near term, dragged down by recession risks and the U.S. debt ceiling impasse, with a double top …

Forecasts

Japanese Yen Weekly Outlook: USD/JPY Triangle Breakout, Key US Data in Focus

May 20, 2023

The Japanese Yen extended its losing streak against its major counterparts, largely driven by external factors as Treasury yields climbed. Will USD/JPY continue its push …

Forecasts

Gold Weekly Forecast: Flight to Safety May Prompt Bullish Continuation

May 20, 2023

The outlook has improved for gold after debt ceiling talks stall, Yellen warns of further potential bank mergers and Powell talks down rate hikes due …

Forecasts

Australian Dollar Outlook: AUD Confirms Range Trade

May 19, 2023

The Australian Dollar had a look lower last week but managed to recover and is now firmly entrenched in the 3-month range despite risks in …

Analyst Picks

Nasdaq 100 Outlook: Bulls Dominate but Pullback Looms, Bearish Signals to Watch

May 19, 2023

The Nasdaq 100 has risen sharply recently, but there are some warning signs that suggest the rally may not hold for long, a situation that …

Sentiment

EUR/CHF IG Client Sentiment: Our data shows traders are now at their most net-long EUR/CHF since Mar 15 when EUR/CHF traded near 0.99.

May 19, 2023

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

Sentiment

Germany 40 IG Client Sentiment: Our data shows traders are now at their least net-long Germany 40 since May 07 when Germany 40 traded near 15,989.80.

May 18, 2023

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

Analyst Picks

Price Action Setups on Gold (XAU/USD)

May 18, 2023

Gold looks vulnerable to further downside as we trade below the 50-day MA. A retracement would be ideal for potential shorts and provide an excellent …

Cryptocurrency

Binance says its suspending AUD fiat services – looking for alternatives

May 18, 2023

Binance Australia tweet: AUD PayID deposits were suspended and bank transfer withdrawals will also be impacted “due to a decision made by our third-party payment …