Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Gold-bullish contrarian trading bias.
Daily Technicals
The Kiwi dollar has been widely sold after the Reserve Bank of New Zealand eased its stance on further rate hikes, prompting a dovish repricing of the currency
This article offers an in-depth analysis of GBP/USD, EUR/GBP, and GBP/JPY from a technical standpoint, examining recent price behavior and market sentiment to uncover potential shifts in trend.
Risk markets remain slightly better bid as the latest US inflation Report (PCE) nears.
US indices are holding steady this morning, while the Hang Seng’s countertrend bounce continues
This week US growth and inflation are likely to steal the show but late on Monday Japanese inflation will either embolden or raise doubts around the BoJ’s assessment of rising inflation as USD/JPY trades above 150.00
Outlook on Nikkei 225, FTSE 100 and DAX 40 ahead of this week’s German and US inflation reports.