US Dollar Slide Boosts EUR/USD and GBP/USD
FOMC Minutes Awaited as Traders Anticipate Rate Cuts Later today, the FOMC meeting minutes will be released, offering deeper insights into why the Federal Reserve maintained interest rates at 5.25%-5.5%. Since the July meeting, economic data has increasingly signaled a weakening US economy, leading to speculation that the Fed may begin cutting rates in September. […]
EUR/USD Market Sentiment Overview
EUR/USD Market Sentiment Overview Currently, only 25.61% of traders are net-long on EUR/USD, with the ratio of short to long traders standing at 2.90 to 1. Recent shifts in trader positions reveal a decrease of 8.49% in net-long positions since yesterday, and a more significant drop of 27.19% from last week. On the other hand, […]
Dollar Stays Weak Before Jackson Hole: USD/JPY and Gold Updates
The annual Jackson Hole Symposium, themed “Reassessing the Effectiveness and Transmission of Monetary Policy,” is scheduled for August 22-24. The spotlight is on Fed Chair Jerome Powell’s keynote address on Friday. Traders are closely watching for hints that the Federal Reserve might begin cutting interest rates in September, with markets already pricing in nearly a […]
FTSE 100, DAX 40, and S&P 500 Pause After Gains
Following eight consecutive days of advances, the FTSE 100 experienced some profit-taking on Friday as traders adjusted positions amid ongoing rate cut expectations on both sides of the Atlantic. Monday morning’s trading has been quiet due to a sparse economic calendar. Resistance is identified at last week’s high of 8,369, with further resistance at the […]
EUR/GBP Sentiment Analysis: Traders Turn Net-Long for the First Time Since Early August
Retail trader data reveals that 50.94% of traders are currently net-long on EUR/GBP, with a long-to-short ratio of 1.04 to 1. This marks the first time traders have been net-long since August 5, when EUR/GBP was trading near 0.86. Since that date, the pair has declined by 0.69%. Notably, the number of traders holding net-long […]
Market Indices Surge: Nasdaq 100, Dow, and Nikkei 225 on the Rise
Nasdaq 100 Continues Its Upward Momentum The Nasdaq 100 has experienced a strong rally over the past week, rebounding sharply off its 200-day simple moving average (SMA). The next targets are the 19,500 highs observed on July 31 and August 1, followed by the 50-day SMA. Beyond these levels, the 20,000 mark comes into focus. […]
UK Growth Signals Recovery Despite Flat June Performance
Economic Expansion in Q2 Aligns with Expectations The UK’s economic growth for Q2 met expectations, showing a 0.6% quarter-on-quarter increase. Despite challenges during the recent rate hiking cycle, the UK economy has begun to display signs of recovery. This comes just ahead of the latest Bank of England (BoE) meeting, where the monetary policy committee […]
US Inflation Stabilizes, Boosting USD and Treasuries
US Inflation Remains in Focus as Fed Prepares for September Rate Cuts US inflation continues to be a central concern as the Federal Reserve prepares for potential interest rate cuts in September. Most inflation metrics aligned with expectations, though the yearly headline CPI slipped to 2.9%, slightly below the anticipated 3%. Market Reactions Mixed […]
FTSE 100, DAX 40, and S&P 500 Rally Could Hit a Ceiling Soon
FTSE 100’s Advance May Face Resistance After Six Consecutive Gains The FTSE 100 has enjoyed six straight days of gains and is approaching a potential pause as it nears the 8,278 to 8,314 resistance zone, which marked the highs from late June to mid-July. If the index manages to break through this level, the early […]
Euro (EUR/USD) Update: German Economic Sentiment Deteriorates in August
German Economic Outlook Worsens Significantly Germany’s economic prospects are deteriorating rapidly, according to the latest ZEW survey, which highlights the “strongest decline in economic expectations over the past two years.” The report suggests that this pessimism is largely driven by high uncertainty, stemming from ambiguous monetary policy, disappointing US economic data, and escalating concerns about […]
Nasdaq 100, Dow, and DAX Continue Bullish Recovery
Nasdaq 100 Eyes Further Growth The Nasdaq 100 ended the week on a strong note, rallying above 18,000 and remaining above the critical 200-day SMA. Currently, buyers hold the upper hand, pushing the index off its recent lows. The next targets are 19,000 and the late July peak at 19,500. However, a close below 18,000 […]
GBP/USD Analysis: BoE’s Mann Warns of Potential Inflation Rise
BoE’s Catherine Mann Signals Inflation Concerns Catherine Mann, a member of the Bank of England’s Monetary Policy Committee (MPC) and one of the four policymakers who recently voted to keep interest rates steady, cautioned over the weekend that inflation might see an uptick in the coming months. In an interview with the Financial Times, Ms. […]
Retail Sentiment Overview – EUR/USD, GBP/USD, USD/JPY
EUR/USD: Shifting Trader Sentiment Recent analysis reveals a notable change in trader positions for EUR/USD. Currently, only 38.16% of traders are holding long positions, resulting in a short-to-long ratio of 1.62:1. Over the past week, there has been a decline in long positions and an increase in short positions. This evolving sentiment points towards the […]
BOJ’s Mixed Messages Leave Markets on Edge
The Bank of Japan (BOJ) is struggling to keep financial markets calm as it tries to navigate a tricky path between managing inflation and avoiding market turmoil. Last week, BOJ Governor Kazuo Ueda made it clear that the weak yen was a concern and hinted that interest rates could rise soon. This sent the yen […]
RBA Governor Emphasizes Flexibility in Balancing Inflation and Growth Risks
Governor Bullock Highlights Adaptable Strategy Amid Economic Uncertainty During a Q&A session in Armidale, RBA Governor Michele Bullock underscored the central bank’s priority on managing inflation, despite growing concerns about economic challenges. This stance bolstered the Australian dollar. On Tuesday, the RBA unveiled its updated quarterly forecasts, increasing projections for GDP, unemployment, and core inflation. […]
Nasdaq 100 and Dow Slip, While DAX Rises
Nasdaq 100 Struggles to Maintain Support at 200-Day MA After a brief rebound on Tuesday, the Nasdaq 100 index fell back on Wednesday, hovering around the 200-day simple moving average (SMA), currently at 17,831, but managed to close above this critical level. In early trading on Thursday, the index faced additional pressure, though it remains […]
EUR/GBP Sentiment: Traders Least Net-Long Since November
Retail trader data indicates that 34.41% of traders are net-long EUR/GBP, with the ratio of traders short to long at 1.91 to 1. This marks the least net-long position since November 11, when EUR/GBP traded near 0.87. The number of traders net-long is 13.27% lower than yesterday and 59.33% lower than last week, while the […]
BoJ’s Dovish Comments Steady Markets, USD/JPY Climbs
BoJ Deputy Governor Calms Volatile Markets Bank of Japan (BoJ) Deputy Governor Shinichi Uchida issued remarks that contrasted Governor Ueda’s hawkish tone, bringing momentary calm to the yen and Nikkei index. On Monday, the Japanese index saw its worst day since 1987 as large hedge funds and money managers sold global assets to unwind carry […]
Global Market Pause – USD/JPY and AUD/JPY Highlighted
Global Sell-off Slows Down The intense global sell-off seen yesterday appears to be stabilizing. Risk indicators such as the VIX, yen, and Swiss franc are holding steady for now. This sharp sell-off has multiple causes, but a significant factor is the unwinding of the carry trade. Monetary Policy Shifts Impacting USD/JPY With the Fed gearing […]
Nasdaq, Dow, and Dax Rebound: What’s Next?
Nasdaq 100 Sees Dramatic Recovery Yesterday witnessed a significant rebound from session lows in the Nasdaq 100. Notably, the price recovered and held above the 200-day simple moving average (SMA), currently at 17,794. The index has dropped 12.5% from its July record high, after being nearly 17% down at yesterday’s lows. This marks the largest […]
