[ad_1] Article written by Axel Rudolph, Senior Market Analyst at IG GBP/USD remains under pressure in six-month lows Following last week’s decision by the Bank of England’s (BOE) to keep rates steady at 5.25%, the British pound remains under pressure and continues to trade in six-month lows versus the greenback. A fall through last week’s
[ad_1] US: The Fed left interest rates unchanged as expected. The macroeconomic projections were revised higher as the economy showed much stronger resilience than expected and the Dot Plot showed that the majority of members still expects another rate hike by the end of the year with less rate cuts in 2024. Fed Chair Powell
[ad_1] Australian Dollar, AUD/USD, Technical Analysis, Retail Trader Positioning – IGCS Update Australian Dollar cautiously climbing in recent days Retail traders have been slowly boosting bearish bets Is this a sign that AUD/USD may continue higher next? Recommended by Daniel Dubrovsky Get Your Free AUD Forecast The Australian Dollar has been pushing cautiously higher in
[ad_1] Crude Oil, WTI, Bearish Engulfing – Technical Update: Crude oil prices turned lower over the past 24 hours Bearish Engulfing candlestick pattern now in focus Watch rising trendline, RSI divergence on 4-hour Recommended by Daniel Dubrovsky Get Your Free Oil Forecast Daily Chart WTI crude oil prices might be showing early signs of topping
[ad_1] Gold, Retail Trader Positioning, Technical Analysis – IGCS Update Gold prices have climbed for another day Retail traders starting to turn more bearish Will XAU/USD confirm trendline breakout? Recommended by Daniel Dubrovsky Get Your Free Gold Forecast Gold prices have rallied for a couple of trading sessions and retail traders have responded by increasing
[ad_1] US: The Fed hiked by 25 bps as expected and kept everything unchanged at the last meeting. Fed Chair Powell reaffirmed their data dependency and kept all the options on the table. The US CPI this week came in line with expectations, so the market’s pricing remained roughly the same. The labour market displayed
[ad_1] British Pound, GBP/USD, Technical Analysis, Retail Trader Positioning – IGCS Update British Pound has been stabilizing against US Dollar Retail traders have been slowing becoming bearish Will GBP/USD reverse higher on the 200-day MA? Recommended by Daniel Dubrovsky Get Your Free GBP Forecast The British Pound has been marking time in recent weeks, pausing
[ad_1] Crude Oil, WTI, Retail Trader Positioning, Technical Analysis – IGCS Commodities Update Crude oil prices close at highest since mid-November Retail traders continue to become increasingly bearish Now, WTI faces the 61.8% Fibonacci extension point Recommended by Daniel Dubrovsky Get Your Free Oil Forecast Crude oil prices are on pace to rise over 1.8
[ad_1] Euro, EUR/USD, Technical Analysis, Retail Trader Positioning – IGCS Update Euro sets the stage for a potential win this week And, retail traders began turning more bearish What technical obstacles does EUR/USD face? Recommended by Daniel Dubrovsky Get Your Free EUR Forecast While the week is still fresh, the Euro is seemingly on course
[ad_1] Gold is under renewed selling pressure, having risen to 1,952 on the first trading day of September, breaking out of the ascending channel on the 4-hour chart and returning to the May-August bearish channel. XAUUSD on Wednesday’s trading closed -0.4% down, a 1-week low. Wednesday’s rise in the US dollar index to a 5-month
