UK factory output drops at its fastest rate in nearly 3 years with the net balance of output for the three months to August coming in at -19 from +3 in July, marking the lowest reading since September 2020. As order books are also deteriorating, it’s a gloomy outlook to say the least for the
Gold, Retail Trader Positioning, Technical Analysis – IGCS Update Gold prices weakened for 4 consecutive weeks Retail traders continue to become more bullish What are key levels to watch for in XAU/USD? Recommended by Daniel Dubrovsky Get Your Free Gold Forecast Gold prices concluded a 4th consecutive week of losses this past Friday. In fact,
POUND STERLING ANALYSIS & TALKING POINTS An increase in central bank divergence between BoE and Fed could support pound. Fed speakers to dominate headlines today. Ascending triangle (GBP/USD) & long wicks (EUR/GBP) in focus. Recommended by Warren Venketas Get Your Free GBP Forecast GBPUSD & EURGBP FUNDAMENTAL BACKDROP The British pound’s resilience this year (+5.4%)
© Reuters. FILE PHOTO: A currency trader counts Pakistani Rupee notes as he prepares an exchange of U.S dollars in Islamabad, Pakistan December 11, 2017. REUTERS/Caren Firouz/File Photo KARACHI, Pakistan (Reuters) – fell 0.6% in the interbank market to a record low of 299 against the dollar on Tuesday, traders said. The rupee has continue
Share: The index moves lower and approaches 103.00. US yields maintain the march north unabated. Fedspeak, housing data will take centre stage later on Tuesday. The greenback, in terms of the USD Index (DXY), grinds lower and puts the 103.00 region to the test on turnaround Tuesday. USD Index looks at Fedspeak, Jackson
HANG SENG, KOSPI, STRAITS TIMES INDEX – Price Action: The Hang Seng Index is attempting to break below a crucial support. Kospi’s upward pressure has eased. FTSE Straits Times Index is back at the lower end of the multi-month range. What is the outlook and the key levels to watch in select Asian indices? Recommended
German DAX futures +0.4% UK FTSE futures flat There was a brief period yesterday when it looked like another déjà vu moment for equities, especially when US stocks erased gains. That took place near the European close and so the rebound only came later with tech shares having led the way. As such, there is
Number of traders net-short has decreased by 19.91% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI Oil – US Crude BEARISH 50.02% 49.98% 11.91% Daily 8.40% Weekly -11.99% Daily -19.91% Weekly -1.46% Daily -7.87% Weekly of clients are net long. of clients are net short. Change
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© Reuters. FILE PHOTO: A Reserve Bank of India (RBI) logo is seen inside its headquarters in Mumbai, India, April 6, 2023. REUTERS/Francis Mascarenhas/File Photo By Siddhi Nayak, Jaspreet Kalra and Shivangi Acharya MUMBAI/NEW DELHI (Reuters) – India’s central bank is nudging local banks to ask their clients to settle trade between the United Arab
