Though it may not seem the case, the Dollar and S&P 500 have been in the same position through the end of this week: indecisive with a clear lack of core speculative conviction. The DXY’s extreme range and SPX choppy climb will face serious volatility with a heavy docket this week, but can they find […]
Was the better-than-expected US 4Q GDP reading this past session a further tipping point for the bulls? The S&P 500 and Nasdaq 100’s technical response this past session seems to insinuate a groundswell is forming. Yet, the Dollar’s extreme reticence may be a better picture of the financial system’s backdrop.
Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current Gold price trend may soon reverse higher despite the fact traders remain net-long.