Share: AUD/USD experienced a notable uptick, gaining 0.67% in the New York session and heading towards a weekly increase of over 2.30%. Despite Federal Reserve officials resisting the idea of rate cuts in 2024, market futures are pricing in a potential easing of 100 basis points by December next year. Upcoming week will
OIL PRICE FORECAST: Oil Continues to Advance as Supply Concerns and Potential Rebound in Demand Keep Prices Elevated. Saudi Energy Minister to Provide a Further Update this Week on the Potential for Further Cuts or an Extension into 2024. IG Client Sentiment Shows Traders are 79% Net-Short on WTI at Present. To Learn More About
XAU/USD, XAG/USD PRICE FORECAST: MOST READ: S&P 500 and Gold (XAU/USD) Take Diverging Paths Ahead of a Raft of Data Releases Gold prices fell to a low of around $1990/oz in the Asian session before a bounce in the European session has resulted in the precious metal regaining the $2000/oz handle. There is however quite
DXY, GBP/USD PRICE, CHARTS AND ANALYSIS: GBP/USD Looks to Recover with a Trendline Break Pending and UK Labor Data Ahead Tomorrow. US Dollar Index Retreat a Welcome for Cable Bulls as Geopolitical Concerns Linger. IG Client Sentiment Shows Retail Traders are Net Long on Cable. As We Take a Contrarian View to Client Sentiment at
Share: GBP/JPY registers a 0.50% gain, moving from 179.56 to a close of 180.92, with a cautious uptick to 181.05. An imminent test of the Ichimoku Cloud bottom at 181.61 could dictate the next directional move towards 181.90 or below 178.03. Short-term view leans neutral to slightly bullish, with key resistances set at
Crude Oil, WTI, Retail Trader Positioning, Technical Analysis – IGCS Commodities Update Crude oil prices on course for worst week since mid-March Retail traders recently turned net-long WTI, a bearish sign Prices broke under key moving averages, where too? Recommended by Daniel Dubrovsky Get Your Free Oil Forecast Crude oil prices are on course to
Market Recap of clients are net long. of clients are net short. Change in Longs Shorts OI Daily 0% -5% -2% Weekly 39% -21% 5% Wall Street managed to stabilise overnight from its recent sell-off, despite another climb in Treasury yields and a pull-ahead in the US dollar (+0.4%). The US 10-year yields were up
Market Recap of clients are net long. of clients are net short. Change in Longs Shorts OI Daily 6% -1% 1% Weekly 5% 3% 4% US indices started the week on a more subdued tone, with a jump in oil prices to a new 10-month high not providing much reassurances for the global inflation outlook.
Crude Oil, WTI, Bent, US Dollar, NFP, FOMC, HSI, RBA, BoC, ASEAN, G-20 – Talking Points Crude oil’s leap to new highs appears intact for now with A combination of production cuts and an inventory rundown boosted oil After today’s US holiday, a busy week lies ahead. Will WTI keep climbing? Recommended by Daniel McCarthy
Last week, the NFP missed expectations for a second time in a row and the previous numbers were all revised lower. This was seen as a disappointment as the labour market seems to be a touch weaker than previously expected. Nevertheless, the unemployment rate fell once again and lessened the disappointment from the miss in
