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USD/CAD Uptrend Losing Momentum, Hanging Man Eyed
Canadian Dollar, USD/CAD, Hanging Man – Technical Update:
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The Canadian Dollar has been losing ground to the US Dollar of late, but a closer look at…
Australian Dollar Looks to Recoup Losses Ahead of CPI; AUD/USD, AUD/NZD, AUD/JPY
Australian Dollar Vs US Dollar, New Zealand Dollar, Japanese Yen – Price Setups:Tentative signs of stabilization in AUD/USD’s recent slide.AUD/NZD has rebounded from key support; AUD/JPY is flirting with key resistance.What is the outlook…
Chart Art: Reversal Pattern and Pullback on WTI Crude Oil (USOIL)
Missed the neckline breakdown on crude oil?
If you’re still bearish on the commodity, this pullback might be an opportunity to short!
Check out this trend reversal setup on the 4-hour time frame!WTI Crude Oil (USOIL) 4-hour Chart by!--/sse-->!--sse-->…
Traders seem non-committed, 7.2700 holds the key for bulls
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USD/CNH lacks any firm intraday direction and remains confined in a range on Tuesday.
A sustained…
Risk Mood Improves as US Bond Yields, US Dollar Take a Breather: Russell 2000, USD/JPY, GBP/USD
Market Recap
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Wall Street gained for the second straight day (DJIA +0.62%; S&P 500 +0.63%; Nasdaq +0.84%), as US Treasury yields took a breather…
Euro stays defensive above 1.0770 support ahead of German/US data
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EUR/USD remains lackluster after bouncing off 5.5-month-old rising support line, reverses from…
XAU/USD May Rise as Retail Traders Become Bearish
Gold, Retail Trader Positioning, Technical Analysis – IGCS UpdateGold prices extend recent push higher to trendlineRetail traders are becoming slowly more bearishWill XAU/USD push higher in the coming sessions?
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BRICS & Jackson Hole Oppose Rand Upside
RAND TALKING POINTS & ANALYSISFalling SA inflation hinders ZAR upside.SA stock and bond outflows a concern.USD/ZAR exhibiting hesitancy ahead of key economic data.
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Event Guide: U.S. Preliminary GDP for Q2 2023
Uncle Sam is about to give an update on the Q2 GDP figures.
Are any revisions likely to push USD pairs around midweek?
Read on for the major points you need to know if you’re planning on trading the release:
Event in Focus:
U.S.…
Ascensds above 0.8550 on risk-on, as it pierces the 50-DMA
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EUR/GBP trades at 0.8585, testing the 50-day Moving Average at 0.8583, with a daily close above…