The Euro has pulled back from the 17-month peak seen last week against the US Dollar and could be at a critical juncture to decide if bearishness picks up, or the recent high gets retested.
Daily Technicals
The Dow Jones and S&P 500 may continue upward as retail traders remain persistently bearish Wall Street, increasing downside exposure. What are key levels to watch ahead?
The FTSE overcame two major challenges in quick succession, buoyed by softer core CPI, a weaker pound and a resurgence from UK homebuilders. Markets revise BoE bets lower
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bullish contrarian trading bias.
Gold prices have been aiming higher in recent weeks with the broader upside bias since the end of last year appearing to reinstate itself. What are key levels of resistance to watch ahead?
Following a string of losses, the US Dollar has been stabilizing. In response, retail traders increased upside exposure in GBP/USD and boosted downside bets in USD/CAD. Is this a sign USD may rise?
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bearish contrarian trading bias.