This article explores retail sentiment within three major markets—crude oil, the Dow 30, and AUD/USD—zeroing in on detecting potential directional shifts using contrarian technical indicators.
Risk assets, like the S&P 500, have printed the deepest pullback witnessed throughout the latest bull run as concerns around a broader Middle East conflict build and The Fed appears more likely to delay rate cuts due to stubborn inflation
Rising geopolitical tensions and more strong US economic data have driven a slump in stock markets, marking the first real pullback since the latest rally began back in late October.
This article analyzes retail sentiment on three key markets: gold, WTI crude oil and the S&P 500, exploring potential directional outcomes based on contrarian technical signals.
Gold and the dollar stabalise at elevated levels while EU stocks attempt a recovery. The S&P 500 is expected to open higher to start the week and USD/JPY approaches a massively significant marker
US CPI has propelled the dollar and US yields higher and clearly had no effect on gold prices. In the week ahead we take a look at possible easing in GBP/USD which is contingent on softer UK inflation and wage data