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Nasdaq drifts towards best support again at 12450/400
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Emini S&P March breaks support at 4120/10 for a sell signal targeting strong support at 4050/40.…
Retail Traders Boost Net-Long Bets. A Warning Sign?
Dow Jones, S&P 500, Retail Trader Positioning, Technical Analysis – IGCS Equities UpdateThe Dow Jones and S&P 500 have been falling recentlyRetail traders responded by increasing long exposureIs this a sign that more pain is in…
UK GDP Data in Line with Estimates, GBP/USD Steady
UK GDP Q4 ’22 (PRELIM) KEY POINTS:
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UK GDP preliminary data for Q4 2022 indicated a definite slowdown despite matching estimates. Monthly real gross…
Crypto Watchlist: Ether (ETH/USD) Hit Range Bottom On Crypto Staking Headlines
Ether is testing the lower limits of a short-term range!
Like other major crypto pairs, ETH/USD was not immune to interest rate and global growth concerns that are making traders think twice about taking on “risky” bets like…
When is the UK Q4 GDP and how could it affect GBP/USD?
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The UK Economic Data Overview
The British economic calendar is all set to entertain the Cable traders…
A Pause, not a Reversal
Hang Seng Index, Hong Kong Equities, HSI - Technical Outlook:Upward pressure in the Hang Seng Index has faded somewhat in the short term.However, the broader trajectory for HK/China stocks remains up.What are the key levels to watch?…
Swedish Krona Bolts Higher, Norwegian Krone Follows. Where to for EUR/SEK and EUR/NOK?
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Swedish Krona, EUR/SEK, USD/SEK, Norwegian Krone, EUR/NOK, USD/NOK – Talking…
Regains $78.00 within weekly rising wedge
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WTI seesaws inside a choppy range after snapping a three-day uptrend the previous day.
Bearish…
Gold Prices Sink as US Dollar Rallies on Fading Fed Pivot Bets, Where to?
Gold, US Dollar, Treasury Yields, Fedspeak – Asia Pacific Market Open:Gold prices fell on Thursday as US Dollar and bond yields roseHawkish Fedspeak and US jobless claims data cooled pivot betsAsia-Pacific risk aversion may spell more…
RBA hawkish-sounding quarterly Statement on Monetary Policy does little for AUD
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The RBA Monetary Policy Statement released by the Reserve bank of Australia is out as follows:
The…