Dow Jones, S&P 500, AUD/USD Forecast: Signals in Trader Positioning

The Dow Jones and S&P 500 may be at risk to turning lower based on signals from IG Client Sentiment. Does the same hold true for the Australian Dollar ahead?

from DailyFX – pages/rss.rss-list.technical-analysis https://bit.ly/3hclKFA
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Dow Jones, S&P 500, AUD/USD Forecast: Signals in Trader Positioning

The Dow Jones and S&P 500 may be at risk to turning lower based on signals from IG Client Sentiment. Does the same hold true for the Australian Dollar ahead?

from DailyFX – pages/rss.rss-list.technical-analysis https://bit.ly/3hclKFA
via IFTTT

AUD/USD IG Client Sentiment: Our data shows traders are now at their least net-long AUD/USD since May 27 when AUD/USD traded near 0.66.

Traders 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.

from DailyFX – pages/rss.rss-list.technical-analysis https://bit.ly/30s51rS
via IFTTT

AUD/USD IG Client Sentiment: Our data shows traders are now at their least net-long AUD/USD since May 27 when AUD/USD traded near 0.66.

Traders 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.

from DailyFX – pages/rss.rss-list.technical-analysis https://bit.ly/30s51rS
via IFTTT

Crude Oil Price Hits Resistance as OPEC+ Cuts Hang in Limbo

Crude oil price action has started to edge lower as petroleum struggles to overcome a key technical resistance level after the latest OPEC+ call casted doubt over sustained supply cuts.

from DailyFX – pages/rss.rss-list.technical-analysis https://bit.ly/2zlY3d2
via IFTTT