The FTSE 100 has enjoyed a solid start to the week, while even a hotter US inflation reading has not been able to stop the rally in US markets.

This article provides an in-depth analysis of market sentiment and retail positioning on several assets, including gold, silver, crude oil, the S&P 500 and EUR/USD.

​​While the Dax and S&P 500 are awaiting US inflation data today, the Nikkei 225 continues to retreat from its recent record peak.​

​​The FTSE 100 is edging higher, while US markets find themselves caught between last Friday’s payrolls and tomorrow’s inflation data. ​

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bullish contrarian trading bias.

​​Outlook on FTSE 100, S&P 500 and Nasdaq 100 ahead of US Non-Farm Payrolls

​​The Dax is under pressure as it awaits the ECB’s latest decision, and the Dow is also moving lower. Meanwhile, the Hang Seng continues to fall back from its recent high. ​

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CAD-bearish contrarian trading bias.

​​Outlook on FTSE 100, Nikkei 225 and Nasdaq 100 ahead of UK budget and Powell testimony, US ADP labour data.

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