Share: Next week, markets will continue to digest the outcomes of recent central bank meetings. Additionally, market participants will closely monitor the release of economic data, with a particular focus on inflation figures from the Eurozone and the US Core Personal Consumption Expenditure (PCE) index. Here is what you need to know for
Number of traders net-short has increased by 3.96% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI EUR/GBP BULLISH 49.84% 50.16% -6.01% Daily -19.33% Weekly -2.48% Daily 3.96% Weekly -4.27% Daily -9.12% Weekly of clients are net long. of clients are net short. Change in Longs Shorts
Number of traders net-short has decreased by 29.16% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI USD/CAD BEARISH 52.75% 47.25% -0.65% Daily 20.68% Weekly -16.90% Daily -29.16% Weekly -9.05% Daily -9.43% Weekly of clients are net long. of clients are net short. Change in Longs Shorts
GBP PRICE, CHARTS AND ANALYSIS: Read More: FOMC Preview: Hawkish Pause to Reignite the Dollar Index (DXY) Rally? GBP has struggled of late and has attempted a recovery in the early part of this week. UK inflation data is due tomorrow and following a sharp increase in headline inflation in the US and Canada, is
Number of traders net-short has decreased by 17.36% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI Wall Street BEARISH 51.31% 48.69% 27.10% Daily 29.45% Weekly -15.41% Daily -17.36% Weekly 2.12% Daily 1.47% Weekly of clients are net long. of clients are net short. Change in Longs
Share: AUD/USD trades at 0.6435, recovering from a daily low of 0.6416, as Chinese economic data boosts market sentiment. US Federal Reserve expected to hold rates steady, with a 99% chance of no change, as investors await ‘dot-plots’ for future rate path. Michelle Bullock to begin her term as the new RBA Governor
The US dollar has moved lower after the University of Michigan data came in weaker than expectations. The one year inflation expectation came in at 3.1% versus 3.5%. The 5 year inflation expectations was at 2.7% versus 3.0%. The sentiment indices were also lower than expectations. EURUSD: The EURUSD was trying to hold below a
© Reuters. The U.S. dollar retained its gains against peers on Friday, following strong U.S. economic data and a rate hike by the European Central Bank (ECB). The currency’s strengthening came in response to higher-than-expected U.S. retail sales and an ECB decision that prompted a drop in European yields. U.S. retail sales for August were
The currency pair has been climbing for the second consecutive day, reaching a nearly two-week high during Friday’s Asian trading session. The pair’s increase is largely attributed to optimism over additional stimulus from China and positive Chinese economic data. China’s National Bureau of Statistics (NBS) reported that the country’s August retail sales grew by 4.6%
AUD/USD ANALYSIS & TALKING POINTS Encouraging news from China back AUD. US data in focus later today. AUD/USD faces trendline resistance. Recommended by Warren Venketas Get Your Free AUD Forecast AUSTRALIAN DOLLAR FUNDAMENTAL BACKDROP The Australian dollar is tentatively pushing higher this morning after being depressed for some time. Chinese economic data (see economic calendar
