British Pound Price Forecast: GBP/USD, GBP/JPY, GBP/CHF, EUR/GBP
The British Pound’s recent slip lower against its major counterparts may prove short-lived. Key levels to watch for GBP/USD, GBP/JPY, GBP/CHF and EUR/GBP.
New Zealand Dollar Forecast: Long-term Bullish Outlook Unchanged – Setups for NZD/JPY, NZD/USD
Both NZD/JPY and NZD/USD rates have fallen back from their yearly highs set just last week, but that doesn’t mean bulls are done yet.
Silver Prices Break February Low – Does it Matter? Levels for XAG/USD
Despite the sharp uptick in global bond yields over the past week, silver prices have proven resilient.
Canadian Dollar Forecast: Loonie's Wings Clipped? – Levels for CAD/JPY, USD/CAD
The Canadian Dollar was hobbled last week, but more gains may be ahead yet.
British Pound Forecast: Sterling Snaps Six Week Rally- Cable Support?
Sterling plunged more than 2.7% off resistance at multi-year highs– risk for a March setback. Here are the levels that matter on the GBP/USD weekly technical chart.
EUR/JPY IG Client Sentiment: Our data shows traders are now net-long EUR/JPY for the first time since Feb 19, 2021 when EUR/JPY traded near 127.74.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bearish contrarian trading bias.
DAX 30, CAC 40 Technical Analysis: Looking Positive as Risk Trends Firm Up
The DAX congestion period may soon come to an end with another run at new highs, while the CAC is working on filling the gap from last Feb.
USD/JPY IG Client Sentiment: Our data shows traders are now net-short USD/JPY for the first time since Feb 09, 2021 when USD/JPY traded near 104.58.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bullish contrarian trading bias.
US Dollar Shorts May Fuel Rally Further, Japanese Yen Tracks US Rates – COT Report
US Dollar squeeze higher could extend if risk assets continue to deteriorate.
GBP/USD IG Client Sentiment: Our data shows traders are now net-long GBP/USD for the first time since Feb 04, 2021 when GBP/USD traded near 1.37.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bearish contrarian trading bias.