Ethereum’s moat reinforced in bear market; Solana has value
Layer-1 (L1) chains that have bounced hard this year from technically deep oversold levels will need adoption metrics to reverse and sustain further price appreciation.
FTSE 100 Rises as CommodityLinked Stocks Surge on China Demand Hopes
Aston Martin jumps after saying profitability to improve Rio Tinto, Glencore top gainers amongst miners Homebuilders down after Persimmon results FTSE 100 up 0.5, FTSE 250 adds 0.1 March 1 Reuters UK39;s FTSE 100 rose on Wednesday, with miners leading the gains as commodity prices surged after data showed manufacturing activity at top metals consumer […]
USD Slides, JPY Gains on China PMI; Inflation Data Lifts EUR
LONDON, March 1 Reuters The dollar eased and China39;s yuan gained on Wednesday after China39;s manufacturing activity expanded at its fastest pace since April 2012, while the euro rose after regional German price data added to inflation worries. The Australian and New Zealand dollars were also among the beneficiaries of the robust Chinese economic data, […]
European Shares Kick off March on Steady Footing Supported by Strong China Data
Moncler jumps after annual sales beat forecasts Miners set for best day in nearly four months Allfunds slides after Euronext pulls 5.8 bln offer March 1 Reuters Miners and luxury firms lifted European shares on Wednesday after strong data from China brought relief to investors fearful of an economic slowdown, while declines in shares of […]
NZD/USD IG Client Sentiment: Our data shows traders are now net-short NZD/USD for the first time since Feb 02, 2023 when NZD/USD traded near 0.65.
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.
EUR/USD IG Client Sentiment: Our data shows traders are now net-short EUR/USD for the first time since Feb 20, 2023 21:00 GMT when EUR/USD traded near 1.07.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bullish contrarian trading bias.
Gold Technical Outlook: A Turnaround on the Cards?
Tuesday’s rebound could be a tentative signal that the month-long slide in precious metals is losing steam. What are the signposts to watch if the rebound must extend?
Dow Jones, S&P 500 Remain Vulnerable as Retail Traders Increase Upside Exposure
The Dow Jones and S&P 500 may fall as retail traders continue increasing their upside exposure. Are the technicals aligning with this narrative?
Hang Seng Breaks Higher on Solid China PMI Data. Will HSI Continue to Gain?
Hong Kong’s Hang Seng Index leapt higher after Chinese PMI readings were much better than expected amid hopes that the world’s second-largest economy might stoke global growth.