Crude oil prices are on a 4-day winning streak, up about 8%. Ahead of the US inflation report, retail traders are turning increasingly bearish, is that a bullish sign?
AUD/USD has lacked directional conviction in recent months, with the pair trapped in a lateral channel moving back and forth between technical support and resistance levels.
The DAX has attempted a retest of the yearly high but fading momentum suggests an external catalyst will be needed to propel the index higher
EUR/USD fell sharply on Tuesday, extending losses for the second day in a row amid cautious sentiment. Meanwhile, USD/JPY eked out a small gain, but lacked strong directional conviction.
The Nasdaq 100 Index enters bull market territory, up over 20% since the lows while the SPX remains under pressure below the 4200 level. SPX eyeing a return to the 4000 handle?
Gold traded all the way back down to $2,000/oz. on Friday after the latest US Jobs Report but bounced back quickly and is eyeing notable resistance around $2,050/oz.
GBP/USD lingers near yearly swing highs but today’s Halifax house price index has dampened recent upside ahead of US CPI and the Bank of England (BoE).
Crude oil is on the back foot as recession alarm bells are ringing with US banks and data undermining confidence. If the Fed turns more hawkish, will it stoke more slowdown fears?
Gold continues to consolidate today after dramatic price moves last week as the market focuses on US CPI tomorrow. If inflation fears are stoked, will XAU/USD go higher?
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