Market Sentiment: Gold’s Bullish Outlook Intact; AUD/USD, NZD/USD Biased Lower
This article meticulously examines retail sentiment on gold, AUD/USD, and NZD/USD, analyzing potential outcomes using contrarian indicators.
This article meticulously examines retail sentiment on gold, AUD/USD, and NZD/USD, analyzing potential outcomes using contrarian indicators.
After a blazing start to 2024, led by AI-fueled tech enthusiasm and the Fed’s dovish pivot, U.S. stocks might have further room to run. However, high valuations demand that traders and investors alike become more selective.
The Bank of England (BoE) turned dovish in the past few days and this means that a UK interest rate cutting cycle is on the way, and perhaps sooner than financial markets originally anticipated.
In Q1 the Swiss National Bank fired the starting pistol for rate cuts while robust US data suggests the dollar will remain well supported in Q2