The speculative IMM dollar short was cut by $4 billion in the week to April 24.This the first major reduction in ten weeks occurred after the dollar began challenging resistance especially against EURUSD and the DXY. Leveraged funds extended short positions in US 10-year notes to a fresh record as 3% got challenged. [Read More...]
Grain market nervously awaits key WASDE report – #SaxoStrats
The grain sector has run into profit-taking ahead of today’s monthly supply and demand report (WASDE) from the US Department of Agriculture. The report should give us an idea about whether the strong surge seen in recent weeks due to drought conditions in Argentina and the US plains has been justified. [Read More...]
Squawk: Gold – Silver ratio looking ready to reverse by Stephen…
Gold – Silver ratio looking ready to reverse by Stephen Pope The Gold-Silver ratio meanders slowly in channels As the major players in precious metals increase the bullish position on both The… [Read More...]
COT: Dollar short at five-month high; EUR long close to record
In the week to March 13 speculators sold US dollars against most currencies with the exception of the commodity currencies of CAD AUD and NZD. The gross dollar short reached a five-month high with the majority of the change being driven by a 10% increased of the EUR net-long. [Read More...]
Squawk: AUD/USD Soars To 2-Month High on Upbeat China Trade Balance…
AUD/USD Soars To 2-Month High on Upbeat China Trade Balance The AUD/USD currency pair soared on Friday afternoon to hit new 2-month highs of 0.7185 as traders continued to express optimism with all… [Read More...]
Squawk: Yen stays strong in risk off scenario Last Friday’s very…
Yen stays strong in risk off scenario Last Friday’s very weak German Manufacturing Purchasing Managers’ Index data was another blow to the global economic backdrop with concerns throughout this year… [Read More...]
Squawk: USDCAD weakness in intermediate-term bull trend Mixed Canadian economic data…
USDCAD weakness in intermediate-term bull trend Mixed Canadian economic data on Wednesday alongside an upbeat outlook for H2 2019 from Bank of Canada Governor Poloz were taken as positives for the… [Read More...]
Squawk: AUDUSD and NZDUSD bear trends extend aiming still lower Since…
AUDUSD and NZDUSD bear trends extend aiming still lower Since we last looked at AUDUSD and NZDUSD global financial markets have seen a move to a “risk off” environment with concerns regarding US… [Read More...]
Squawk: USDJPY Breaking To Higher Ground by Stephen Pope Dollar bulls…
USDJPY Breaking To Higher Ground by Stephen Pope Dollar bulls are in full cry there are positive background noises The strength of the Dollar will continue even if the Fed are on hold There is no… [Read More...]
Squawk: FX markets await next trends by Shaun Downey EURCAD still…
FX markets await next trends by Shaun Downey EURCAD still building on prior buy signal off of support US Dollar Index sets back from key resistance USDJPY tracks equities back higher GBPUSD… [Read More...]
Squawk: S&P500 USDCAD and GBPCAD Intra-day Looks Gregor Horvat Hello traders…
S&P500 USDCAD and GBPCAD Intra-day Looks Gregor Horvat Hello traders and welcome to our new intra-day updates regarding various markets. Today we are going to look at USDCAD GBPCAD and the S&P500…. [Read More...]
Squawk: GBPUSD – Pound signals a more bearish tone Partially a…
GBPUSD – Pound signals a more bearish tone Partially a reflection of US Dollar strength but GBPUSD has broken below a key level at 1.2947 sending a negative intermediate-term signal from a… [Read More...]