Crude Oil, WTI, Retail Trader Positioning, Technical Analysis – IGCS Commodities UpdateCrude oil prices have rallied over 17 percent since bottomingRetail traders now majority short for the first time since AprilThis hints at an…
USD/JPY FORECAST:USD/JPY slumps in late trading, erasing early session gains despite soaring U.S. Treasury yieldsMedia reports that the Bank of Japan could tweak its yield curve control program boosts the yen across the boardBoJ will…
ECB RATE DECISION:
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The European Central Bank has raised interest rates by 25bps in line with expectations while stressing that inflation is still expected…
Dow, DAX Index Analysis
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DAX Pushes Past Significant Resistance as Earnings Season ContinuesThe DAX received a boost ahead of the ECB rate…
Number of traders net-short has decreased by 38.15% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OIEUR/USDBEARISH51.68%48.32%3.24% Daily61.51% Weekly-20.53% Daily-38.15% Weekly-9.80%…