© Reuters. South Korea is gearing up to implement substantial modifications to its foreign-exchange (forex) trading regulations with the aim of invigorating its money market, announced the Ministry of Economy and Finance on Tuesday. The revised regulations, set to take effect from October 4, 2023, are anticipated to more than double the daily trading hours
Crude Oil, WTI, Retail Trader Positioning, Technical Analysis – IGCS Commodities Update Crude oil prices paused rallying last week Retail traders slightly increased upside bets What is the short-term WTI outlook? Recommended by Daniel Dubrovsky How to Trade Oil Crude oil prices took a breather last week, leaving WTI little changed by Friday. This meant
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
Japanese Yen, USD/JPY, Technical Analysis, Retail Trader Positioning – IGCS Update Recommended by Daniel Dubrovsky Get Your Free JPY Forecast The Japanese Yen weakened against the US Dollar in the aftermath of the Federal Reserve interest rate decision, where Chair Jerome Powell alluded to a ‘higher for longer’ monetary policy approach. In response, retail traders
Australian Dollar, AUD/USD, Technical Analysis, Retail Trader Positioning – IGCS Update Australian Dollar cautiously climbing in recent days Retail traders have been slowly boosting bearish bets Is this a sign that AUD/USD may continue higher next? Recommended by Daniel Dubrovsky Get Your Free AUD Forecast The Australian Dollar has been pushing cautiously higher in recent
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
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
Gold, Retail Trader Positioning, Technical Analysis – IGCS Update Gold prices have climbed for another day Retail traders starting to turn more bearish Will XAU/USD confirm trendline breakout? Recommended by Daniel Dubrovsky Get Your Free Gold Forecast Gold prices have rallied for a couple of trading sessions and retail traders have responded by increasing their
Japanese Yen Prices, Charts, and Analysis FOMC decision on Wednesday, the Bank of Japan on Friday. USD/JPY struggles with resistance. Learn How to Trade USD/JPY Recommended by Nick Cawley How to Trade USD/JPY The Federal Reserve (Fed) and the Bank of Japan (BoJ) will both announce their latest monetary policy decision this week – Wednesday
The major US stock indices are trading at session lows as European traders start to look for the exits for the week. The NASDAQ index is now down around 1.3%. The S&P index is down -0.89%. All the major indices are back below its 50 day moving averages after closing above those moving averages yesterday.
