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EUR/CAD Shaping up for Long-Term Reversal as Oil, Inflation Rise EUR/CAD sold off into the end of Q3 after the European Central Bank (ECB) hiked rates to 4% which may prove to be the peak. The euro depreciated immediately as markets lowered their expectations of another hike. Fundamentals in Europe also remain weak as the
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
Number of traders net-short has decreased by 40.19% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI Oil – US Crude BEARISH 51.94% 48.06% 10.99% Daily 44.11% Weekly -11.17% Daily -40.19% Weekly -0.89% Daily -14.09% Weekly of clients are net long. of clients are net short. Change
Share: USD/CAD strengthens due to the Fed’s hawkish tone on interest rates trajectory. Stronger US jobs data bolster the US yields; contributing support for the US Dollar. Downbeat Crude oil prices put pressure on the Canadian Dollar. USD/CAD traces the upward path on the fourth successive day, trading higher near 1.3710 during the
Share: OPEC countries’ new strategy is driving up Oil prices. Economists at Natixis analyze the big difference between the effects of high Oil prices on the US and the Eurozone. The Eurozone is getting poorer relative to the US The new strategy of the OPEC countries, with their production cuts, will result in
Crude Oil, WTI, Retail Trader Positioning, Technical Analysis – IGCS Commodities Update Crude oil prices fell the most over 2 days since early June Retail traders are increasingly building upside exposure This is an early warning sign that WTI may continue lower Recommended by Daniel Dubrovsky Get Your Free Oil Forecast Over the past 2
Recommended by Daniel Dubrovsky Get Your Free USD Forecast The US Dollar broadly outperformed against its major counterparts in the third quarter of 2023. Relatively speaking, it performed the best against the British Pound, Japanese Yen and Australian Dollar. Meanwhile, the Chinese Yuan fared better. A key theme throughout the third quarter was the evolving