China has been the engine room of the world economy since 2008 but now the economy is slowing and the housing market is in a steep downturn. The slow up in the Chinese economy and housing market could create major risk off in financial markets and firm safe haven currencies...
In terms of the COT Net Traders Positions the report is one of the best ways to detect trend changes in advance. In a report earlier in the week we looked at GBP/USD in terms of a potential reversal to the downside and this weeks COT report indicates there could be more downside to come...
Read more: Commitment of Traders Report Tips to Trade Trend Reversals GBP/USD Analysis
The USD is set to end the week on a high and while many forecasters see the bounce as just a technical correction we think we could see far more strength ahead...
We have seen major us indices in a big bull run as the AI enthusiasm drives prices higher – we now have a bullish extreme and expect a correction some charts below to consider.
The GBP has seen a major fall to the downside and could be set for more weakness – Our view of the fundamental’s sentiment and key technical levels to look out for are noted below.
Read more: GBPUSD Analysis and Forecast – Trading Sentiment Extremes
The USD has seen a big fall on the SEK and NOK, but the move is overdone and we would expect the USD to rally back strongly to the upside...
