Today’s Analysis

4

Jul 2024
Forex Market Analysis: Tesla Surpasses Q2 Delivery Estimates

CURRENCIES GBP/USD retail trader data: Net-long position: 43.40% Short-to-long ratio: 1.30 to 1 Net-long traders: Decreased by 18.07% since yesterday Decreased by 0.62% from last week Net-short traders: Increased by 23.53% since yesterday Decreased by 2.02% from last week Contrarian …

2

Jul 2024
Forex Market Analysis: Tesla Faces Sales Decline in Q2

CURRENCIES USD/JPY: Data shows a significant majority of clients are net short. Change in longs/shorts/open interest (OI): Daily: longs +8%, shorts +1%, OI +2% Weekly: longs +19%, shorts +6%, OI +9% Implications for price action: Despite the bearish sentiment, there …

1

Jul 2024
Forex Market Analysis: Market Reacts to French Election Results

CURRENCIES French election outcomes: The right-wing National Rally (NR) party secured nearly 34% of the vote. The left-wing New Popular Front garnered just over 28%. President Macron’s alliance came third with around 21%. NR is close to the 289 seats …

27

Jun 2024
Forex Market Analysis: Nvidia’s Drop and AI Sector Volatility

CURRENCIES French elections: National Rally: Leads the polls but unlikely to secure an outright majority. Impact: A fractured French government may weigh on the Euro. Poll Predictions: National Rally (RN): 31.5% to 35%. People’s Front (left coalition): 28% to 29.5%. …

25

Jun 2024
Forex Market Analysis: EUR/USD Steady Amid French Election

CURRENCIES EUR/USD analysis: EUR/USD stabilizes above 1.0700 despite political uncertainty. Trades below 200 SMA; lower bound at 1.0643, April low at 1.0600. Key events: US GDP data and PCE on Friday. Bond spreads: European bond yields in focus ahead of …

18

Jun 2024
Forex Market Analysis: French Debt Concerns for EUR/USD

CURRENCIES Euro (EUR/USD) analysis: Focus shifts to Europe, particularly France, ahead of elections. Uncertainty surrounds whether the ECB will act to calm widening bond spreads given France’s debt load. EUR/USD fails to capitalize on Monday’s reprieve; downside risks remain. Analysis …

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