Crude Oil, WTI, Head & Shoulders – Technical Update: Crude oil prices may be readying to extend lower Daily chart is maintaining a broader bullish bias But, bearish Head & Shoulders in focus on 4-hour Recommended by Daniel Dubrovsky Get Your Free Oil Forecast Daily Chart WTI crude oil prices may be reading to extend
British Pound, GBP/USD, Descending Channel – Technical Update: British Pound transitions into sideways price action Daily chart reveals bearish Head & Shoulders pattern 4-hour timeframe has key moving averages in focus Recommended by Daniel Dubrovsky Get Your Free GBP Forecast The British Pound consolidated against the US Dollar this past week despite GBP/USD confirming a
The Fed is waiting for the totality of the data to be released before deciding what to do at their September meeting. As of now, the data supports the soft-landing narrative as the disinflation in the core measures continues but the strength in the labour market and consumer spending might keep inflation higher for longer.
Canadian Dollar, USD/CAD, Technical Analysis, Retail Trader Positioning – IGCS Update Canadian Dollar depreciated to its weakest level since late May Retail traders have been increasing USD/CAD downside bets Alongside technical cues, positioning supports a bullish bias Recommended by Daniel Dubrovsky What is the outlook for the US Dollar? The Canadian Dollar continued its losing
© © Reuters. Javier Milei em Buenos Aires 13/8/2023 REUTERS/Stringer Investing.com – The faces a tough road ahead, ING warned Tuesday, as the recent shock primary election victory for Argentina’s far-right presidential candidate Javier Milei throws the country’s political and economic future into doubt. Far-right libertarian economist Javier Milei, who wants to scrap wants to
Euro, EUR/USD, 100-day MA Breakout – Technical Update: The Euro closed at its lowest since early July on Monday EUR/USD also broke under the 100-day moving average The 4-hour chart gives us a better idea of support levels Recommended by Daniel Dubrovsky Get Your Free EUR Forecast The US Dollar might be readying to extend
Crude Oil, WTI, Retail Trader Positioning, Technical Analysis – IGCS Commodities Update Crude oil prices weakened over the past couple of days Retail traders are beginning to increase upside exposure Meanwhile, a Bearish Engulfing was confirmed, where to? Recommended by Daniel Dubrovsky Get Your Free Oil Forecast WTI crude oil prices have been aiming cautiously
Crude Oil, WTI, Retail Trader Positioning, Technical Analysis – IGCS Commodities Update Crude oil prices on course for a 7th week of gains Retail traders are becoming increasingly bearish This offers a signal that WTI may continue higher Recommended by Daniel Dubrovsky Get Your Free Oil Forecast Crude oil prices have rallied nearly 24 percent
Natural Gas, Bearish Death Cross, Support Breakout – Technical Update: Natural gas prices aimed cautiously lower over past 2 weeks Daily price action continues to underscore a neutral view Meanwhile, 4-hour chart is showing bearish developments Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team
JPMorgan affirmed it was remaining with its bearish vioew on the JPY In their note JPM said that while the yen could gain ground to some extent in the short run, they analysts don’t see the Bank of Japan fundamentally altering its loose monetary policy stance for as long as there was no change in
