Gold and silver prices have taken a break from pronounced losses last week, allowing key support levels to be reinforced. How is the near-term XAU/USD and XAG/USD technical landscape shaping up?
The Euro rallied the most over 2 days since the middle of September. Meanwhile, retail bets became slightly more bearish. Will EUR/USD continue higher next?
The Canadian Dollar is seemingly heading for the worst 2-week period since the middle of February. With retail traders becoming more bearish, will USD/CAD continue higher from here?
Crude oil prices are down nearly 7 percent this week so far, on course for the worst 5-day period since mid-March. Meanwhile, retail traders are becoming more bullish. Where to from here?
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.