Australian Dollar holds steady near a major level, expects US Retail Sales to ease

[ad_1] Share: Australian Dollar continues to gain post-release of the RBA Meeting Minutes. RBA board members favored to maintain the current interest rates. Australia’s Consumer Confidence declined to 76.4 compared to the previous figure of 80.1. US Dollar faces challenges due to the dovish comments made by multiple Fed members. Fed member Patrick

USD/MXN hovers above 18.0100 ahead of US Retail Sales

[ad_1] Share: USD/MXN retreats from a two-day winning streak ahead of US economic figures. US Dollar faces a challenge after the weaker preliminary US Michigan Consumer Sentiment Index. Banxico is expected to keep interest rates higher; contributing support for the Mexican Peso. USD/MXN pulls back from the recent gains, trading lower around 18.0160 during the

Euro Plunges After US CPI Data, Leaving EUR/USD at Risk Amid More Bullish Retail Bets

[ad_1] Euro, EUR/USD, Technical Analysis, Retail Trader Positioning – IGCS Update Euro plunges most since early October on US CPI data In response, retail traders boosted upside EUR/USD bets Prices also rejected the key falling trendline from July Recommended by Daniel Dubrovsky Get Your Free EUR Forecast The Euro plunged over 0.8 percent against the

XAU/USD May Rise as Retail Bets Turn Less Net-Long

[ad_1] Gold, Retail Trader Positioning, Technical Analysis – IGCS Update: Gold prices on course for best week since March Retail trader bets are now shifting more bearish A Death Cross remains in play on daily chart Recommended by Daniel Dubrovsky Get Your Free Gold Forecast Gold prices are up over 2.3 percent this week so

XAU/USD Remains Vulnerable to Retail Trader Positioning Bets

[ad_1] Gold, Retail Trader Positioning, Technical Analysis – IGCS Update Gold prices aiming for best week since mid-July Yet, outlook remains bearish based on retail bets What are key technical levels to watch ahead? Recommended by Daniel Dubrovsky Get Your Free Gold Forecast At +1.5%, gold prices are so far on course for the best

Euro 2-Day Rally Sees Retail Bets Become Slightly More Bearish, Will EUR/USD Rise?

[ad_1] Euro, EUR/USD, Technical Analysis, Retail Trader Positioning – IGCS Update Euro experienced best 2 days since the middle of September Recently, retail traders have started to build downside bets While that may be a bullish signal, downtrend remains intact Recommended by Daniel Dubrovsky Get Your Free EUR Forecast The Euro climbed for a second

USD/CAD Rally Seemingly Supported by Bearish Retail Bets

[ad_1] Canadian Dollar, USD/CAD, Technical Analysis, Retail Trader Positioning – IGCS Update Canadian Dollar heading for worst 2-weeks since mid-February Meanwhile, retail traders continue to increase downside exposure USD/CAD achieves key bullish breakout, but momentum fading Recommended by Daniel Dubrovsky Get Your Free USD Forecast The Canadian Dollar is heading towards its worst 2-week period

Crude Oil Eyeing 7 Percent Drop this Week So Far as Retail Bets Becoming More Bullish

[ad_1] 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