CURRENCIES EURO (EUR/USD, EUR/GBP) technical analysis: Fed speak to dominate today’s scheduled event risks (Williams, Waller) EUR/USD drifts lower in search of a catalyst EUR/GBP eyes support ahead of UK CPI print Fed Speak to Dominate Today’s Scheduled Risk Events: …
CURRENCIES Highlights from Last Week: U.S. Dollar Decline: The DXY index dropped significantly due to softer-than-expected consumer price index figures. This reignited optimism that the disinflationary trend, which began in late 2023 but had stalled, is back on track. Federal …
CURRENCIES Overview: EUR/USD fails to sustain bullish momentum, GBP/USD pauses after breakout. Introduction to Contrarian Trading: Herd mentality can dominate trading, but experienced traders often explore contrarian strategies. Contrarian trading involves recognizing when the majority sentiment may be incorrect and …
CURRENCIES GBP/USD: Current Sentiment: 56.68% of clients are bearish, with a short-to-long ratio of 1.31 to 1. Trend: Increase in net-short bets by 4.62% since yesterday and 33.04% from last week. Bullish bets decreased by 16.10% since yesterday and 36.14% …
CURRENCIES Upcoming Release The U.S. Bureau of Labor Statistics will release April’s consumer price index (CPI) data on Wednesday morning. This crucial economic report is closely tracked by market participants for its significance to the Federal Reserve’s monetary policy path. …
CURRENCIES Gold Price Technical Analysis: Recent Performance: Gold (XAU/USD) dropped on Monday after failing to break trendline resistance at $2,375 on Friday. Prices slipped back below $2,350 at the start of the new week. Potential Downside: Support zone near May’s …
CURRENCIES US Dollar Movement: The US Dollar showed indecision last week, with upcoming US Consumer Price Index (CPI) data on Wednesday poised to potentially set a clear direction. Should the CPI align with consensus, impact may be muted, but deviations …
CURRENCIES EUR/USD Overview: Recently rallied after rebounding from support at 1.0725, now testing resistance near 1.0790 where the 50-day and 200-day SMAs converge. Potential rise to trendline resistance at 1.0810 and possibly a major Fibonacci level at 1.0865 if upward …
CURRENCIES: Gold Price Analysis (XAU/USD): Current Sentiment: Bearish Recent Trends: Prices fell for the second consecutive session, nearly erasing gains from Monday’s rally. Market Behavior: Gold has been trading sideways for the past two weeks, indicating market indecision. Key Levels: …
CURRENCIES: Key Insights on Trading Sentiment: The charm of following the crowd in trading, such as buying during hype and selling in panic, is acknowledged, but seasoned traders often benefit from a contrarian approach. Contrarian trading insights, gathered from tools …
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