Dow Jones, Nasdaq 100, S&P 500 Forecasts for the Week Ahead
U.S. stocks appear poised to trade higher, but should weakness set in there is substantial support below.
Gold Price Forecast: Gold Snaps Four-Week Rally- XAU/USD Levels
Gold surged more than 13% off the yearly low with the XAU/USD rally stalling this week at technical resistance. Here are the levels that matter on the Gold weekly chart.
USD/CAD Technical Outlook Post NFP & Canada Jobs Data
USD/CAD is sitting on big long-term support; finding movement on the May jobs figures for the U.S. and Canada.
Oil – US Crude IG Client Sentiment: Our data shows traders are now net-long Oil – US Crude for the first time since May 24, 2021 when Oil – US Crude traded near 6,606.90.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Oil – US Crude-bearish contrarian trading bias.
AUD/USD IG Client Sentiment: Our data shows traders are now at their most net-long AUD/USD since Mar 23 when AUD/USD traded near 0.76.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bearish contrarian trading bias.
Gold Price Forecast: Bullish Breakout Threatened Ahead of US NFP – Levels for XAU/USD
Gold prices have pulled back sharply on the day, ahead of what’s expected to be a very strong US nonfarm payrolls report on Friday.
AUD/USD Technical Outlook: Looking Like a Big Support Break Coming
AUD/USD is sitting on support around 7700, but that looks at risk of breaking soon.
Dow Jones, S&P 500, Nasdaq 100 Charts Rolling Over
The market has been in a lethargic state lately, but that appears set to change as the downside starts to come into play.
NZD/USD IG Client Sentiment: Our data shows traders are now net-long NZD/USD for the first time since Apr 06, 2021 when NZD/USD traded near 0.71.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bearish contrarian trading bias.
Chinese Yuan Technical Analysis: EUR/CNH, USD/CNH Rates Outlook
USD/CNH rates have experienced a more significant technical breakdown than their EUR/CNH counterpart.