Last Week’s Trading Behaviour
Retail traders adopted a cautious approach heading into the FED on Wednesday. The hike was expected, but the subsequent press conference and statement was more hawkish than what the market expected. General behaviour focused on being long after the meeting and that was the direction XAU took. Participation was modest however which resulted in few strong behavioural signals.
Key Macro Catalyst This Week
We take a break this week from important US economic data, but the summit between Presidents Trump and Xi has the capacity to spark a few headlines. Also worth keeping an eye on the longer end of the US curve for signs of yield curve inversion – which historically has been a recessionary signal.
Victory Markets analyses aggregated trading behaviour to identify changes in positioning, risk appetite and crowd concentration. This report is provided for market research purposes and does not constitute investment advice.
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Victory Markets analyses aggregated trading behaviour to identify changes in positioning, risk appetite and crowd concentration. This report is provided for market research purposes and does not constitute investment advice.
