Gold & Silver Price Action Analysis: XAU Holding, XAG Teetering
Gold looks solid with support at its feet, while the silver backdrop not looking as healthy.
Japanese Yen Outlook: USD/JPY, EUR/JPY at Risk Amid Rising Net-Long Bets
The Japanese Yen may rise as retail investors increase their long exposure in pairs like USD/JPY and EUR/JPY. Will these pairs turn lower? What are key levels to watch for?
AUD/USD Eyes Westpac Consumer Confidence as Markets Brace for US Inflation Data
The Australian Dollar may move on today’s Westpac consumer confidence print while markets prepare for the potentially hard-hitting US inflation data due out later this week.
How the pandemic disrupts the chip supply chain
While the world recovers from the COVID-19 pandemic, outbreaks continue to slow the global semiconductor supply chain.
S&P Stirs Near Highs, Russell 2000 Breakout Ahead of Inflation, FOMC
Stocks are bid ahead of a couple of big drivers on the economic calendar over the next week.
Wall Street reins in hedge funds’ short bets on meme stocks
BofA, Citi, Jefferies quietly limit some clients’ short sales. GameStop, AMC volatility also catches lawmakers’ attention.
USD/CAD Technical Outlook: ‘Boring’ Price Action to End Soon
USD/CAD has been very quiet lately, but that is set up to change soon as the multi-week range reaches an extreme.
Analyst optimism reaches 17-year high for India’s largest lender
Market watchers haven’t been this bullish on State Bank of India in almost two decades, as they bet on the lender’s improving asset quality to help it weather the pandemic.
EUR/USD Technical Analysis: Euro Top Struggling to Find Follow-Through?
EUR/USD has been looking toppy since late May as bearish technical signals played out. But, rising Euro short bets from retail traders hint that the currency may hold its footing.
IEA net-zero path signals major changes, challenges for refiners
The IEA’s Net Zero by 2050 scenario sees major challenges ahead for oil refiners, as the rapid drop in demand would push refinery run levels down by 85% from 2020-50.