S&P 500 Bullish Bias Eases as New Highs Emerge

Why and how do we use IG Client Sentiment in trading? See our guide and real-time data. US 500: Retail trader data shows 16.1% of traders are net-long with the ratio of traders short to long at 5.22 to 1. The number of traders net-long is 0.3% lower than yesterday and 10.5% lower from last […]

BITCOIN Analysis for October 5, 2017

Bitcoin has shown a good amount of impulsive buying after retracing towards the dynamic level of 20 EMA inside the strong Kumo Cloud support area. After two consecutive days of bearish retracement from the bounce off the resistance level of $4,386.80, the price is currently showing some bullish pressure. At present, the Bitcoin market is […]

The market is overly optimistic on BOE — BAML

Watch out for the BOE and Brexit news turning negative Bank of America Merrill Lynch FX Strategy Research believes that the market is now overly optimistic on the degree to which the Bank of England ‘BoE’ will hike rates in the coming months. «From a position where the Bank of England has not hiked rates in […]

Cold feet in Catalonia as leaders have second thoughts on declaring independence

The banks always win Bloomberg reports that worries about the economy and banking sector from Regional President Carles Puigdemont have caused them to re-think declaring independence immediately. Instead they want a negotiation. Meanwhile, hardliners are demanding a quick break. Earlier comments from Spain economy minister De Guindos There is nothing to negotiate with Catalonia without […]