Stock Market & Investment News
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GBP/USD IG Client Sentiment: Our data shows traders are now net-long GBP/USD for the first time since Dec 30, 2020 09:00 GMT when GBP/USD traded near 1.36.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bearish contrarian trading bias.
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Euro Forecast: EUR/USD Breakout Extends into 2021- Resistance in View
The Euro breakout may be vulnerable in the days ahead as price approaches multi-month uptrend resistance. Here are the levels that matter on the EUR/USD weekly chart.
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Dow Jones, S&P 500 Continue to Motor Along from Bullish Price Patterns
The U.S. stock market continues to look bullish with the indices breaking out of technical formations to new record highs.
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US Dollar Outlook: USD Breakdown Fizzles into 2021 Open- DXY Levels
The Dollar sell-off extended into the yearly open with the index stalling into long-term downtrend support. Here are the levels that matter on the DXY technical chart.
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Are Gold Prices Losing their Luster? What is Copper Telling Traders?
To find a period commensurate with current conditions, you may have to look at the post-Global Financial Crisis period in 2009.
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US Dollar Technical Forecast: USD/SGD, USD/TWD, USD/THB, USD/IDR
The US Dollar may be setting the stage to attempt comebacks against the Singapore Dollar, New Taiwan Dollar and Thai Baht. Will the Indonesian Rupiah hold its ground around key support?