EUR/USD On Edge of Reversing Dominant Downtrend, USD/JPY May Rise

The US CPI report and commentary from ECB’s Mario Draghi has left EUR/USD on the edge of reversing its dominant downtrend from April. Ahead, USD/JPY could rise with Asian stocks.

USD/JPY Sentiment Suggests A Bullish Trading Bias

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bullish contrarian trading bias.

S&P 500 Trader Sentiment Yields A Conflicting Bias

The combination of current sentiment and recent changes gives us a further mixed US 500 trading bias.

US Dollar Price Action Setups as USD Grasps on to Support

It was a big morning across FX-land, but with some of the dust now settled, we take a look around the next corner to see which USD trends may drive into year-end.

Gold: A 27% Fall in Weekly Short Positions Prompts a Bearish Bias

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Spot Gold-bearish contrarian trading bias.


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GBP/USD: Weekly Long Positions Decrease 20% Sparking Bullish Bias

Recent changes in sentiment warn that the current GBPUSD price trend may soon reverse higher despite the fact traders remain net-long.


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DXY Index at Critical Juncture Following BOE, ECB Meetings

Several data and events have developed in a manner proving bearish for the US Dollar.


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AUD/USD Carves Higher Highs & Lows with US Retail Sales on Tap

AUD/USD risks a larger recovery going into the U.S. Retail Sales report as the exchange rate carves a fresh series of higher highs & lows.

US Dollar Drops to Monthly Lows After CPI Disappoints, ECB Begins Taper

It's been a big morning with numerous items on the economic docket; but it's the US inflation data that's appeared to really get market participants' attention. With USD moving to fresh monthly lows, might the US Dollar down-trend be coming back to FX markets?

Turkish Lira Delighted During Central Bank Bonanza - US Market Open

Turkish Lira boosted on delightful rate hike. USD softens as CPI dips, while Brexit progress keeps GBP firm.

EURUSD Nudges Lower After ECB Stands Pat: Press Conference Ahead

The ECB left all monetary policy settings unchanged, as expected, with investors now looking ahead to President Draghi’s scheduled press conference for future policy clues.

GBP Stable as Bank of England Leaves UK Interest Rates Unchanged

GBP was little changed after the Bank of England kept UK Bank Rate at 0.75%, as expected, and maintained its asset-purchase program. The vote was unanimous.

GBPUSD Price Analysis: Short-Term Uptrend Remains in Place

GBPUSD continues to respect the bull channel started early September and is likely to continue moving higher unless the Bank of England rocks the market

USD Showing Signs of Exhaustion, Upside Limited

Speculators have reduced $2.5bln USD long positions in recent weeks. Risks are to the downside for today’s CPI print following yesterday’s soft PPI report

USD/CNH Poised to Roll Over from Lower High

Yesterday, USD/CNH took a hit and with it may have posted a lower-high, priming it for more weakness from here.

USDTRY May Hit Record High on Turkish Central Bank Inaction

The Turkish Central Bank (CBRT) is expected to raise interest rates today in order to provide a boost to the Turkish Lira and cool inflation

Gold & Silver Price Technical Analysis: Higher Prices if Dollar Breaks Support

Precious metals are poised to continue trading higher, but will need help from the dollar and just may get it if the DXY can break a cluster of support.

Bitcoin and Ethereum Price Analysis: Buyers Beware

The cryptocurrency market is limbering up for another dead cat bounce as prices edge higher after the recent heavy sell-off. Sentiment remains negative.

Trade the News: GBP Price Depends on Brexit, Not UK Interest Rates

Traders in GBPUSD, Sterling crosses the FTSE 100 and UK Gilts need to watch Brexit developments rather than today’s decision on UK interest rates by the Bank of England.

Euro, British Pound May Diverge on ECB and BOE Policy Decisions

The Euro and the British Pound may carve out divergent paths following monetary policy announcements form the European Central Bank and the Bank of England.