Tuesday, 9 October 2018

S&P 500: Retail Traders Increase Weekly Long Positions Over 20%

Recent changes in sentiment warn that the current US 500 price trend may soon reverse lower despite the fact traders remain net-short.

Bullish GBP/CAD on Weakening CA Fundamentals, Technical Bullish Developments

Despite economic data in Canada surprising to the upside and benchmark oil prices remaining stubbornly high, CAD weakness is developing, while GBP strength may emerge.


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USD/JPY: A 23% Increase in Daily Long Positions Prompt A Bearish Bias

Recent changes in sentiment warn that the current USDJPY price trend may soon reverse lower despite the fact traders remain net-short.

GBP/USD Price Outlook: Sterling Trade Levels for the Pending Breakout

Sterling has carved out a monthly opening-range in price just below down-slope resistance. Here are the targets & invalidation levels that matter for GBP/USD this week.

Gold Price Range Vulnerable to Fresh Series of Lower Highs

Gold carves a fresh series of lower highs, and the current environment may continue to sap the appeal of bullion especially as the U.S. dollar remains bid.


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GBP/USD: Cable Collects Support Above 1.3000 - Can it Hold?

The British Pound is bouncing after collecting two spots of support already this week at 1.3030, showing bullish defense above the 1.3000 psychological level. Can it hold?

US Dollar Softens From Seven-Week-Highs; Euro Risk Aversion Remains

The US Dollar is softening after setting a fresh seven-week-high, and this comes as risk aversion themes remain prominent around Europe.

DXY Pushes Higher as Euro Weighed by Deepening Italian Woes

Another push higher by Italian BTP yields has dragged EUR/USD below 1.1450.

Trading Outlook for DXY, EUR/USD, EUR/JPY, Gold Price & More

The DXY is breaking out of a short-term bullish sequence with the euro weakening below important support, EUR/JPY momentum set to continue, and gold heading for more selling.


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Safe Havens in Demand as Trading Sentiment Sours | Webinar

USD, CHF and JPY are all in demand as investors move from riskier assets such as stocks into the relative safety of the haven currencies.


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DAX 30 Chart Outlook – Test of Important Support Levels Getting Underway

The German benchmark is trading towards important big picture support; continuing to edge towards validating macro-top.


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Crude Oil Surges on Iran Sanctions, Gulf of Mexico Fears

Crude oil continued to punch higher, and has its sight set on $90/bbl+. in the short-term as Iran sanctions near while Hurricane Michael threatens the Gulf of Mexico.

EURUSD Analysis: Short-Term Price Action Pressures Support

EURUSD remains weak on a toxic combination of higher Italian bond yields and a strong US dollar buoyed by tighter US monetary policy and hawkish Federal Reserve speak.

Risk Aversion Grips Markets: USD Price Up, EUR and GBP Down

Safe havens, such as the US Dollar, are in demand in Europe Tuesday but stock prices have steadied even though bond yields continue to rise.

US Dollar Back on Offense as Benchmark Yield Hits Nine-Year High

The US Dollar is back on the offensive against its major counterparts as the benchmark 10-year Treasury bond yield rises to the highest level in nine years.

ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...