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Gold–Retail FX crowds continue buying into Gold price weakness against the resurgent US Dollar—we like doing the opposite and selling into weakness. Trade Implications – Gold:...
GBPUSD – The British Pound continues to hit lows and retail forex trading crowds remain heavily net-long—we see plenty of room for further GBPUSD declines. Trade...
EURUSD – Retail forex traders have recently been selling into Euro strength against the otherwise-resurgent US Dollar—normally enough to make us bullish. But we still generally...
Japanese Yen – Wow. We’ll be the first to admit when we’ve gotten it wrong, but we couldn’t have been clearer in our preferences for a...
SPX500 –There’s increasingly clear evidence that we may have seen a substantial SP 500 top, and retail CFD trader sentiment suggests this might be the start...
We’ll be the first to admit when we’re wrong, but our retail sentiment-based predictions have been on point as we’ve called for major USD strength. What...
Pivot: 0.803 Our preference: Long positions above 0.803 with targets @ 0.8115 0.8175 in extension. Alternative scenario: Below 0.803 look for further downside with 0.8005 0.796...
Pivot: 1.2825. Our preference: LONG positions above 1.2825 with targets @ 1.29 1.2935. Alternative scenario: The downside penetration of 1.2825 will call for 1.279 1.2745. Comment:...
ASIA/EUROPE FOREX NEWS WRAP After touching its highest level in four and a half years, the USDJPY staged a massive overnight reversal, falling from a high...
US Dollar Technical Analysis– Prices invalidated a bearish Dark Cloud Cover candlestick pattern to break above resistance at 10822, the 50% Fibonacci expansion. Buyers now target...