Recommended by Daniel Dubrovsky Get Your Free EUR Forecast The US Dollar absolutely crushed it against its major counterparts this past week. In fact, the Euro confirmed its 8th weekly loss against the Greenback, matching an identical losing streak back in 2014. A 9th disappointment would mean the longest monthly losing streak since 1997! But,
CANADIAN DOLLAR FORECAST: USD/CAD slides in response to robust employment survey results from Canada Canadian employers added 39,900 jobs last month versus 15,000 expected, signaling economic resilience In the upcoming week, the spotlight will be on the August U.S. inflation report Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market
Number of traders net-short has decreased by 25.80% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI Germany 40 BEARISH 53.37% 46.63% 48.23% Daily 88.56% Weekly -17.72% Daily -25.80% Weekly 7.90% Daily 9.71% Weekly of clients are net long. of clients are net short. Change in Longs
GOLD PRICE FORECAST Gold prices lack direction, languishing near the lowest level since August 29, as traders await new data The August U.S. inflation report, due for release next Wednesday, may be an important catalyst for precious metals This article looks at key XAU/USD’s technical levels that may come into play in the near term
RAND TALKING POINTS & ANALYSIS • Hawkish US data has overshadowed optimistic SA releases. • Fed officials under the spotlight today. • Trendline support in question as trade week draws to a close. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter
POUND STERLING ANALYSIS & TALKING POINTS BoE guidance & UK housing price report weigh negatively on GBP. US in focus later today. Head & shoulders breakout opens up subsequent support zones. Recommended by Warren Venketas Get Your Free GBP Forecast GBPUSD FUNDAMENTAL BACKDROP The British pound faced some stiff competition from the US dollar yesterday
The US data has started to miss expectations in the past few weeks which gave Gold a tailwind as it’s sensitive to interest rates expectations. In fact, we saw the market repricing expectations on the more dovish side with no more rate hikes expected and rate cuts starting to be priced as soon as June
© Reuters Investing.com– Most Asian currencies moved in a tight range on Thursday, while the dollar steadied near six-month highs as signs of sticky U.S. inflation spurred continued concerns over a hawkish Federal Reserve. Weak economic data from China also dented sentiment towards Asian markets, with both and in the country continuing to decline through
Number of traders net-short has decreased by 26.35% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI France 40 BEARISH 50.42% 49.58% 30.02% Daily 73.47% Weekly -9.05% Daily -26.35% Weekly 7.19% Daily 3.76% Weekly of clients are net long. of clients are net short. Change in Longs
© Reuters. Investing.com – The U.S. dollar gained in early European trade Tuesday, as traders turned to this safe haven after disappointing Chinese services activity hit risk-taking sentiment. At 03:00 ET (07:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.3% higher at 104.382, close to three-month
