Day: December 2, 2022

Oil Traders Cut Longs Last Week The latest CFTC COT institutional positioning report shows that oil traders reduced their net long positions last week. Total upside exposure was cut to 252k contracts from around 273k contracts prior. The downward reduction reflects a renewed sense of caution in the market amidst news of fresh lockdowns in […]

EURUSD, “Euro vs US Dollar” The currency pair is testing the upper border of the Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.0360 is expected, followed by growth to 1.0765. An additional signal confirming the growth will be […]

USDCAD, “US Dollar vs Canadian Dollar” On H4, at the support level, the pair has formed a Harami reversal pattern. Currently, the pair is going by the signal in a descending wave. The goal of the decline may be 1.3330; next thing, the price might break through the support level and extend the downtrend. However, […]

The dollar index sank 1% while S&P 500 approached 4100 points following Powell’s speech on Wednesday, which the market interpreted as an acknowledgement that the pace of rate hikes will be slowed down in December. U.S. bond yields edged down by about 20 bp, reflecting a growing consensus that the Fed will raise interest rates […]

NZDUSD, NZDCAD & GBPUSD Trade To Targets, What Next? Source: Tickmill