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THE TAKEAWAY: The US Dollar is retreating from technical resistance while the SP 500 overturned bearish cues noted last week, advancing to a new record high....
The GBPUSD is at a point where the opportunistic trader might take advantage of a high price. A Nikkei 225 / SP 500 comparison tells a...
Japanese Yen – Forex trading crowds remain long USDJPY, but positioning has grown far less one-sided since last week. The shift in sentiment actually leaves us...
AUD/USD Technical Analysis – Prices broke higher as expected, taking out resistance at the top of a falling channel set from April and hinting a significant...
EUR/JPY Technical Analysis – Prices broke above resistance at 130.72, the 38.2% Fibonacci expansion, exposing the 50% level at 132.50. A further push above that aims...
ASIA/EUROPE FOREX NEWS WRAP The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) is tracking slightly lower this morning as a quiet end to the week –...
AUDUSD – Retail forex crowds remain heavily long the Aussie Dollar versus its US namesake—normally making us bearish. But crowds have sold aggressively and we see...
Forex trading crowds have bought into Dollar weakness against the Euro, Gold prices, and even the SP 500. We see scope for USD weakness and further...
Gold–Retail forex trader are now net-short gold against the US Dollar for the first time since May, giving us contrarian signal that Gold prices may head...
SPX500 –It feels like déjà vu all over again as the SP 500 rockets to fresh highs, and retail speculators continue to sell into SPX500 gains....