Wall Street ESG gold rush sees a ‘green’ Bitcoin
The lack of regulatory oversight in this burgeoning corner of capital markets is yielding predictable results.
Oil – US Crude IG Client Sentiment: Our data shows traders are now net-long Oil – US Crude for the first time since May 24, 2021 when Oil – US Crude traded near 6,606.90.
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.
Chinese Yuan Forecast: USD/CNH May Surrender Gains Despite Rising US-Sino Tensions
The Chinese Yuan continues to weaken from a 3-year high, but USD/CNH downside may continue even amid rising US-Sino tensions.
Canadian Dollar Price Outlook: USD/CAD Ahead of NFP – Loonie Levels
USD/CAD has finally found some support that can hold. But will sellers relent, even with Oil prices breaking out to fresh highs?
AUD/USD IG Client Sentiment: Our data shows traders are now at their most net-long AUD/USD since Mar 23 when AUD/USD traded near 0.76.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bearish contrarian trading bias.
Gold Price Forecast: Bullish Breakout Threatened Ahead of US NFP – Levels for XAU/USD
Gold prices have pulled back sharply on the day, ahead of what’s expected to be a very strong US nonfarm payrolls report on Friday.
AUD/USD Technical Outlook: Looking Like a Big Support Break Coming
AUD/USD is sitting on support around 7700, but that looks at risk of breaking soon.
Dow Jones, S&P 500, Nasdaq 100 Charts Rolling Over
The market has been in a lethargic state lately, but that appears set to change as the downside starts to come into play.
Ethereum, Tether join Bitcoin in crypto mainstream; U.S. favored
Breaching the upper end of a $30,000-$40,000 range is likelier for Bitcoin since its May swoon, and we believe Ethereum is on a higher-beta bull-market path.
NZD/USD IG Client Sentiment: Our data shows traders are now net-long NZD/USD for the first time since Apr 06, 2021 when NZD/USD traded near 0.71.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bearish contrarian trading bias.