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9

Jul 2024
Forex Market Analysis: Aussie Dollar Holds Near 2024 High

CURRENCIES  Market summary: The Australian Dollar was slightly lower on Monday but remains near its 2024 peak due to solid and enduring monetary policy support. Unlike most major central banks cutting rates, the Reserve Bank of Australia is likely to …

8

Jul 2024
Forex Market Analysis: Euro Lower Amid French Election Shock

CURRENCIES Euro (EUR/USD) analysis: French bond yields starting to move higher. Euro edges lower as markets wait for specifics. French election results and market impact: The recent French election resulted in a shock, leaving financial markets vulnerable. Contrary to expectations …

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%. …

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