Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBPUSD-bearish contrarian trading bias.
Thursday, 4 October 2018
S&P 500: Retail Traders Reduce Weekly Long Positions 20%
The combination of current sentiment and recent changes gives us a further mixed Wall Street trading bias.
Gold Price Outlook Mired by Failure to Test August High
The string of failed attempts to test the August-high ($1225) casts a bearish outlook for gold, with the current environment likely to keep bullion under pressure.
GBP Rises as EU Sources Welcome Irish Border Proposal - US Market Open
The Pound is outperforming this morning amid EU source reports suggesting that the new Irish border proposal is a step in the right direction.
US Dollar Strength Unleashed as EUR/USD Tests the 1.1500 Big Figure
So far Q4 has brought an extension of the late-Q3 trends of Euro weakness and US Dollar strength. Tomorrow brings the first NFP release of Q4: Can these trends continue?
AUD Targets 9-yr Low Amid Rising US Yields and Trade War Tensions
For much of 2018 the Australian Dollar has largely been held captive from its Chinese proxy status, which has seen the currency drop 9% against the greenback.
US Crude Oil Price Marches Higher Despite Report of Output Increase
The US crude oil price continues to defy gravity despite a report that Saudi Arabia and Russia agreed last month to raise their oil production.
Gold Price Continues to Struggle Against Resistance
The recent bounce in the price of gold from its one-week low looks to have played out with the fundamental background suggesting a lower price in the short-term.
EURUSD Sliding Towards Technical Support - Will it Hold?
EURUSD continues to battle weak EUR fundamentals and a resurgent US dollar. Help maybe in sight from a couple of technical support levels but the trend still points to lower prices.
USDJPY Price Accelerates Higher on Strong US Data, Hawkish Fed
The USDJPY price has broken to the upside as a combination of strong US data, hawkish comments from the Federal Reserve and firmer US Treasury yields combine to boost the Dollar.
Why Bitcoin Could Decline Another 85% and Still Be the Next Big Thing (or Not)
Bitcoin is following the same path as major bubbles in the past in its deflation process, suggesting that it has much further to fall before the cycle ends.
AUD/NZD Bearish Chart Pattern Developing Nicely
AUD/NZD price action has been somewhat erratic of late, but the developing head-and-shoulders pattern suggest it is on the verge of declining soon.
from DailyFX - Feeds all https://ift.tt/2RkuQ6i
via IFTTT
from DailyFX - Feeds all https://ift.tt/2RkuQ6i
via IFTTT
Yen, Franc Rise as Hawkish Fed Outlook Shift Spooks the Markets
The anti-risk Japanese Yen and Swiss Franc traded broadly higher as worries about a steeper Fed rate hike cycle spooked investors across financial markets.
from DailyFX - Feeds all https://ift.tt/2xTtDuL
via IFTTT
from DailyFX - Feeds all https://ift.tt/2xTtDuL
via IFTTT
Wednesday, 3 October 2018
Crude Oil Price Gains May Stall as Gold Drops on Fed Rate Hike Bets
Crude oil prices may stall after hitting a four-year high while gold retreats as swelling Fed rate hike bets sour risk appetite and drive yields higher alongside the US Dollar.
ASX 200 Stands Tall As Asia Stocks Tumble. USD/JPY Rise May Pickup
Asia Pacific shares mostly fell as the New Zealand Dollar tumbled as expected. The ASX 200 managed to stand tall but market mood may keep deteriorating, sending USD/JPY prices higher.
Reliable Market Calm or Conditions More Akin to February SPX and VIX Explosions?
Quiet can be encouraging for a market. It can reflect a conviction – especially during true bull trends. Yet, quiet in the face of palpable fundamental and speculative risks can signal complacency which stages eventual trouble.
from DailyFX - Feeds all https://ift.tt/2Rp4WhN
via IFTTT
from DailyFX - Feeds all https://ift.tt/2Rp4WhN
via IFTTT
Subscribe to:
Posts (Atom)