AUD/USD, USD/CAD, EUR/USD, IG Consumer Sentiment Outlook - Speaking Factors:Discover ways to use IG Consumer Sentiment as a one o
AUD/USD, USD/CAD, EUR/USD, IG Consumer Sentiment Outlook – Speaking Factors:
- Discover ways to use IG Consumer Sentiment as a one other factor in your technique
- Dealer positioning hints AUD/USD and EUR/USD downtrend could delay
- In the meantime, rising internet quick bets could preserve fueling the uptrend in USD/CAD
Join me on Wednesdays at 01:00 GMT as I cowl what IG Consumer Sentiment is saying concerning the prevailing tendencies in monetary markets!
This week, I coated what dealer positioning was revealing concerning the outlook for AUD/USD, USD/CAD and EUR/USD amid elementary developments. The Australian Greenback is in danger ought to US-China commerce talks collapse following a dismal local jobs report. In the meantime, rising bets of a rate cut from the Bank of Canada has been weighing towards the Loonie. Will the Euro weaken as ECB minutes crosses the wires subsequent week?
To be taught extra about utilizing IG Consumer Sentiment in your individual evaluation, check out our free trading guide!
Australian Greenback Sentiment Outlook
Based on the newest IG Client Sentiment Report from November 13, knowledge exhibits that about 59 % of merchants are internet lengthy AUD/USD. Merchants are additional biased to the upside from yesterday and final week.The mixture of present sentiment and up to date adjustments provides a stronger bearish–contrarian buying and selling bias. This speaks to larger willingness to purchase as merchants try and…