Our data shows traders are now net-short USD/CAD for the first time since Mar 06, 2024 15:00 GMT when USD/CAD traded near 1.35. GBP/USD IG Client Sentiment: Our data shows traders are now net-long GBP/USD for the first time since Mar 01, 2024 when GBP/USD traded near 1.26.EUR/USD IG Client Sentiment: Our data shows traders are now net-long EUR/USD for the first time since Mar 06, 2024 03:00 GMT when EUR/USD traded near 1.09.
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USD/CAD IG Client Sentiment: Our data shows traders are now net-short USD/CAD for the first time since Feb 15, 2024 14:00 GMT when USD/CAD traded near 1.35.Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CAD-bullish contrarian trading bias.
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US Dollar Pauses after CPI-Induced Rally, Setups on EUR/USD, USD/CADThe U.S. dollar pauses after Tuesday’s strong rally, but the lack of follow-through to the upside doesn’t necessarily signal a loss of conviction in its bullish outlook.
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US Dollar Forecast: Bullish Bias Prevails; Setups on EUR/USD, USD/JPY, USD/CADThis article scrutinizes the technical outlook for three major U.S. dollar pairs: EUR/USD, USD/JPY, and USD/CAD. Within the piece, we assess market sentiment and examine essential price levels that traders should have on their radar in the upcoming days.
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US Dollar Subdued Ahead of Fed Minutes; Setups on EUR/USD, USD/JPY, USD/CADThis article focuses on the technical outlook for three popular U.S. dollar pairs: EUR/USD, USD/JPY, and USD/CAD. Throughout the piece, we scrutinize potential scenarios and examine key price levels worth watching in the coming days.
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US Dollar Falls, Fed’s Resolve in Question; USD/JPY, USD/CAD Setups Before NFPThe U.S. dollar weakens amidst falling U.S. Treasury yields, as markets raise doubts about the Fed's commitment to wait longer before cutting rates. Focus now shifts to the upcoming U.S. jobs report.
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USD/CAD Price Analysis: Air-kissing the Ascending Wedge goodbyeUSD/CAD has recently broken out of the Ascending Wedge pattern which it has been forming since January.
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