Submitted May 29, 2019|From forex.com|1 comment

Risk-off has taken centre stage again this week, yet the U-turn reversal on yields suggests a corrective bounce could be due and provide a sympathy bounce for markets. By yesterday’s low, the US10Y had fallen to its lowest level since September 2017 ...

Submitted May 28, 2019|From forex.com

On Sunday night during quiet trade, Bitcoin rallied 7% within an hour to take it to fresh highs and see the crypto currency higher on a year over year basis for the first time since November. Given the strength of the underlying move and the fact ...

Submitted May 26, 2019|From forex.com

A summary of the weekly Commitment of Traders Report (COT) from CFTC to show market positioning among large speculators. • Large speculators were net-long USD by US$30.85 billion ($35.5 billion against G10 currencies) • Gross shorts on AUD are at ...

Submitted May 23, 2019|From forex.com|3 comments

It was a lively session for Europe and US to say the least. Germany’s business sentiment deteriorated with IFO current assessment dropping to its lowest level since 2016 and business climate to its lowest since November 2014. European and German PMI ...

Submitted May 14, 2019|From forex.com

The Aussie found itself under pressure ahead of today’s wage data, thanks to soft consumer growth and Trump’s latest trade-twist. Just 27pips above 69c, it may take more than stronger employment tomorrow for this level to hold. Quarterly wage growth ...

Submitted May 14, 2019|From forex.com

Whilst trade talks have weighed on risk assets, it’s been beneficial gold which broke to a 1-month high. And seeing as the breakout wasn’t restricted to the greenback, we think the low is finally in. Just over a month ago we thought the base was in ...

Submitted May 13, 2019|From forex.com

Escalated trade tensions saw AUD/JPY hit its lowest level since January’s flash crash, yet dominant forces likely point lower still, without a trade deal in sight. China’s retaliation kept sentiment on the back ropes, seeing USD/JPY hit a 3-month ...

Submitted May 12, 2019|From forex.com

As of Tuesday 7th May: Large speculators trimmed USD exposure by -$0.72 billion against G10 currencies and remain long by $38.9 billion. Traders were their most bearish on Euro futures since December 2016 Net-short exposure on JPY futures were ...

Submitted May 9, 2019|From forex.com

We’re cautiously bullish on WTI over the near-term and suspect it could be due, at the very least, a minor bounce. Despite slipping from its highs, the trend structure remains bullish and prices have found support above the 50-day and 200-day ...

Submitted May 6, 2019|From forex.com|8 comments

Trade tensions and a potential RBA cut has seen AUD/JPY hit new lows on the eve of RBA’s cash rate meeting. After 29 uneventful meetings, eyes are on the RBA’s meeting tomorrow to see if they cut interest rates to a record new low. Although whilst ...

Submitted May 5, 2019|From forex.com

•Traders were their most bullish on USD since December 2015, at $34.9bn ($39.6bn net-long against G10 currencies •JPY traders extended their net-short exposure to their most bearish level since December 2018 •AUD traders were their most bearish ...

Submitted May 2, 2019|From forex.com|2 comments

“Time flies when you’re having fun,” and sure enough, it’s already time for another Non-Farm Payrolls report! Last month’s reading on the US labor market was most remarkable for how unremarkable it was. The combination of a slight beat on headline ...

Submitted May 1, 2019|From forex.com|5 comments

A strong rejection of support places a clear line in the sand for bulls, who appear set to target the December 2016 highs. As Matt Weller noted in our FOMC recap the Fed left policy mostly unchanged (bar a 0.05% reduction of the IOER rate) yet ...

Submitted Apr 28, 2019|From forex.com|2 comments

A summary of the weekly Commitment of Traders Report (COT) from CFTC to show market positioning among large speculators. • VIX net-short exposure hits an all-time record • EUR traders extend net-short exposure to their most bearish level since ...

Submitted Apr 26, 2019|From forex.com

With Silver prices continuing to coil, it remains touch and go as to which way it could break. But with volatility seemingly brewing around a pivotal area, when it breaks, it could be hard and fast. Ultimately, we suspect silver’s price action is ...

Submitted Apr 23, 2019|From forex.com

Whilst Australian employment held up, it doesn't let inflation off the hook as a weak print tomorrow could see rate cut calls resurface. We've seen a few mixed messages from RBA of late. On the 10th of April, Guy Debelle sent AUD briefly higher when ...

Submitted Apr 21, 2019|From forex.com

Seeing GBP traders flip to net-long for the first time since June 2018 is certainly a milestone, given the negative sentiment surrounding Brexit. Yet that’s its seen on very low volumes (across all trader groups) undermines it somewhat. That said, ...

Submitted Apr 17, 2019|From forex.com

We highlighted previously that April tends to be the most bullish month for WTI and, having gained 7.3% this month already, is on track to retain its seasonal tendency. The daily trend structure remains firmly bullish with minor pullbacks and timely ...

Submitted Apr 15, 2019|From forex.com

Renewed trade optimism and strong earnings from the US on Friday has seen Asia shares break broadly higher today, with the Nikkei 225 trading at its highest level since early December. We can see on the Nikkei 225 futures market that the trend ...