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access_timeSeptember 23, 2023
Latest:
  • USDCAD has a down, up and down week and is closing the week between MA levels
  • WTI crude oil futures settle at $90.03
  • The Fed’s Daly (non-voting member): We are closer to our destination
  • British Pound Weekly Forecast: Respite Unlikely As Fundamentals Wilt
  • USDCHF higher this week and back above 200 day MA. What next for next week’s trading?
  • EURUSD bangs against the 100 hour MA for the 2nd consecutive day
  • The AUDUSD and NZDUSD charts are telling the same story. What next?
  • Feds Bowman: Further interest rate increases likely appropriate with inflation still high
  • Fed Collins: Despite encouraging recent data, inflation remains too high
  • ECB’s de Cos: Underlying inflation is now easing

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Month: May 2023

Sentiment

EUR/GBP IG Client Sentiment: Our data shows traders are now at their most net-long EUR/GBP since May 11 when EUR/GBP traded near 0.87.

Posted onMay 31, 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/GBP-bearish contrarian trading …

Analyst Picks

USD/CNH Bullish Advance Gains Pace on Stronger USD, Weaker Chinese Data

Posted onMay 31, 2023

Worsening Chinese fundamentals and hawkish US rate expectations point to a bullish continuation within the USD/CNH pair

Market Outlook - European Market

Japanese Yen Gains on Intervention Warning as US Dollar Steadies

Posted onMay 31, 2023

The Japanese Yen held its ground today after the US Dollar reasserted itself with expectations for the debt ceiling to be approved today. Where to …

Sentiment

GBP/USD IG Client Sentiment: Our data shows traders are now net-short GBP/USD for the first time since May 22, 2023 14:00 GMT when GBP/USD traded near 1.24.

Posted onMay 30, 2023

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

Analyst Picks

Aussie Dollar Encounters Bear Flag

Posted onMay 30, 2023

AUD/USD fundamental and technical variables look to be forming a bearish bias short-term.

Market Outlook

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

Posted onMay 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?

Posted onMay 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?

Posted onMay 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

Posted onMay 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

Posted onMay 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

Posted onMay 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 …

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Recent Posts

  • USDCAD has a down, up and down week and is closing the week between MA levels
  • WTI crude oil futures settle at $90.03
  • The Fed’s Daly (non-voting member): We are closer to our destination
  • British Pound Weekly Forecast: Respite Unlikely As Fundamentals Wilt
  • USDCHF higher this week and back above 200 day MA. What next for next week’s trading?

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