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Market News and Market Sentiment
DailyFX – Market News
- Canadian Dollar Outlook: USD/CAD at Risk on Hawkish BoC but Fed May Be a Spoiler June 8, 2023The Bank of Canada's hawkish stance could weigh on USD/CAD in the near term, but the Fed could counter weakness if it embraces an aggressive stance at its June meeting next week.Diego Colman
- Silver Prices Draw Support from USD Weakness and Falling Yields, US CPI Eyed June 8, 2023After a subdued performance on Wednesday, silver prices spring back to life, rallying more than 3% on Thursday, boosted by U.S. dollar weakness and falling yields.Diego Colman
- USD/JPY Price Forecast: Yen Bid on Japanese GDP & US Jobless Claims June 8, 2023USD/JPY is down 0.5% today on the back of strong Japanese GDP and US jobless claims. The Yen now looks to push away from the 140 handle.Warren Venketas
- US Dollar Update: Key Data and Events Next Week Will Steer the Greenback June 8, 2023The US dollar continues to trade sideways despite rising US Treasury yields and expectations of higher US rates in Q3. Next week’s economic calendar will steer the dollar’s short-term trajectory.Nick Cawley
- EU Enters Recession: EUR/USD, EUR/GBP and EUR/JPY Price Setups June 8, 2023The euro zone has technically entered a recession as downward revisions to both the Q4 2022 and Q1 2023 figures confirmed two consecutive quarters of negative growthRichard Snow
- Gold Prices at Risk of Freefall Below the 100-Day MA June 8, 2023Spot Gold faces continuous hurdles in an attempt to push higher. Could recessionary fears rekindle the safe havens appeal or is a freefall toward $1850/oz incoming?Zain Vawda
- Dow and CAC40 Move up, but Nasdaq 100 Struggles June 8, 2023After its huge run higher, the Nasdaq 100 has faltered, but the Dow and CAC40 are showing signs of strengthIG
- GBP/USD Price Forecast: UK Housing Prices a Sign of Future Pound Weakness? June 8, 2023GBP/USD is looking for a fundamental catalyst as it wades within a symmetrical triangle formation.Warren Venketas
- Looming Break in Canadian Dollar After BOC Hike: USD/CAD, EUR/CAD, GBP/CAD Price Setups June 8, 2023The Canadian dollar may have just received the boost to extend gains against some of its peers, thanks to the Bank of Canada’s (BOC) hike on Wednesday. What is the outlook for USD/CAD, GBP/CAD, and EUR/CAD?Manish Jaradi
- Australian Dollar Holds Ground as Market Looks to the Fed after BoC Hike June 8, 2023The Australian Dollar consolidated today after a bumpy ride through the Bank of Canada rate hike along with other currency pairs as the market contemplates a surprise lift by the Fed next week.Daniel McCarthy
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- EUR/JPY hovers below 150.00 as US Treasury yields decline June 8, 2023EUR/JPY trades with mild losses, hovering around the 149.75 area. Data from the Euro zone showed a negative Gross Domestic Product revision to Q1 figu
- EUR/USD Forecast: Euro rises above the 20-day SMA, looks at 1.0800 June 8, 2023The EUR/USD had its best performance in weeks on Thursday on the back of a weaker US Dollar. The Greenback fell across the board following softer empl
- EUR/USD climbs due to US jobs data, despite EU’s recession June 8, 2023EUR/USD soars sharply past the 1.0750 area on Thursday after less stellar jobs data in the United States (US) weakened the US Dollar (USD). That said,
- Bank of Canada's Beaudry: Core inflation and excess demand led to interest rate hike June 8, 2023"We felt it was necessary," said Bank of Canada Deputy Governor Paul Beaudry on Thursday regarding the 25 basis points rate hike announced on Wednesda
- AUD/USD Forecast: Open road toward 0.6800 as Dollar loses momentum June 8, 2023The AUD/USD posted its highest daily close in almost a month, boosted by a weaker US Dollar and added to weekly gains. The slide of the USD further bo
- GBP/USD surges amidst US labor market data, BoE rate hike bets June 8, 2023GBP/USD rallies above 1.2500 as labor market data from the United States (US) keeps investors expecting a pause on the Federal Reserve (Fed) hiking cy
- AUD/USD rises to test four-week highs amid USD weakness June 8, 2023The AUD/USD jumped to its highest level since May 11 at the 0.6715 area, gaining more than 90 pips on Thursday’s session. In that sense, US Initial Jo
- White House denies report on Iran oil deal; WTI rebounds June 8, 2023On Thursday, the White House denied a report that the United States and Iran were close to a deal in which Iran would limit its nuclear program in ret
- NZD/USD bounces toward 0.6100 after US labour market data June 8, 2023The NZD/USD pair experienced a significant surge, surpassing the 0.6090 level and marking a 0.95% increase on the day. This rise was influenced by mu
- Gold Price Forecast: XAU/USD pressures highs around $1,970 June 8, 2023XAU/USD Current price: $1,966.67 US Dollar swings alongside speculation about the next Federal Reserve decision. Hawkish surprises from the RBA and t
DailyFX – Sentiment
- Wall Street IG Client Sentiment: Our data shows traders are now net-short Wall Street for the first time since May 23, 2023 19:00 GMT when Wall Street traded near 33,096.00. June 2, 2023Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Wall Street-bullish contrarian trading bias.Research
- USD/CAD IG Client Sentiment: Our data shows traders are now net-long USD/CAD for the first time since May 24, 2023 08:00 GMT when USD/CAD traded near 1.36. June 1, 2023Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CAD-bearish contrarian trading bias.Research
- EUR/GBP IG Client Sentiment: Our data shows traders are now at their most net-long EUR/GBP since May 11 when EUR/GBP traded near 0.87. May 31, 2023Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bearish contrarian trading bias.Research
- GBP/USD IG Client Sentiment: Our data shows traders are now net-short GBP/USD for the first time since May 22, 2023 14:00 GMT when GBP/USD traded near 1.24. May 30, 2023Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bullish contrarian trading bias.Research
- France 40 IG Client Sentiment: Our data shows traders are now net-long France 40 for the first time since Mar 15, 2023 when France 40 traded near 6,947.70. May 24, 2023Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-bearish contrarian trading bias.Research
- FTSE 100 IG Client Sentiment: Our data shows traders are now net-long FTSE 100 for the first time since Mar 30, 2023 when FTSE 100 traded near 7,622.50. May 24, 2023Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bearish contrarian trading bias.Research
- EUR/CHF IG Client Sentiment: Our data shows traders are now at their most net-long EUR/CHF since Mar 15 when EUR/CHF traded near 0.99. May 19, 2023Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/CHF-bearish contrarian trading bias.Research
- Germany 40 IG Client Sentiment: Our data shows traders are now at their least net-long Germany 40 since May 07 when Germany 40 traded near 15,989.80. May 18, 2023Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Germany 40-bullish contrarian trading bias.Research
- AUD/JPY IG Client Sentiment: Our data shows traders are now net-long AUD/JPY for the first time since Apr 13, 2023 when AUD/JPY traded near 89.93. May 15, 2023Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/JPY-bearish contrarian trading bias.Research
- EUR/USD IG Client Sentiment: Our data shows traders are now net-long EUR/USD for the first time since May 02, 2023 02:00 GMT when EUR/USD traded near 1.10. May 9, 2023Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bearish contrarian trading bias.Research
- NZD/USD IG Client Sentiment: Our data shows traders are now net-short NZD/USD for the first time since Mar 17, 2023 when NZD/USD traded near 0.63. May 8, 2023Traders 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.Research
- AUD/USD IG Client Sentiment: Our data shows traders are now net-short AUD/USD for the first time since Feb 15, 2023 when AUD/USD traded near 0.69. May 8, 2023Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bullish contrarian trading bias.Research
- EUR/JPY IG Client Sentiment: Our data shows traders are now at their least net-long EUR/JPY since Apr 15 when EUR/JPY traded near 146.99. April 28, 2023Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bullish contrarian trading bias.Research
- EUR/GBP IG Client Sentiment: Our data shows traders are now net-long EUR/GBP for the first time since Apr 13, 2023 when EUR/GBP traded near 0.88. April 28, 2023Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bearish contrarian trading bias.Research
- Silver IG Client Sentiment: Our data shows traders are now at their least net-long Silver since Sep 26 when Silver traded near 18.41. April 20, 2023Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current Silver price trend may soon reverse higher despite the fact traders remain net-long.Research
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