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The analysis team at ANZ points out that according to the CFTC leveraged positioning data for the week ending 23 May 2017, leveraged funds were net sellers of USD, unwinding most of the buying seen in the previous two weeks.Key Quotes“Overall net long USD positions were reduced by USD3.3bn to USD13.2bn. Post the cut-off date, the FOMC minutes were read as dovish by the market, which likely saw further dollar selling. The upcoming May non-farm payrolls report will be the next key data.” “Dollar s…
Strategyrunner's Blog
I AM HOPING TO SEE A RETURN TO 1.60 Long GBPUSD for medium term: momentum, weaker USD, short squeeze POUND STERLING / US DOLLAR (FX_IDC:GBPUSD) 1.3022 0.0045 0.35%
Momentum in Cable has flipped to the upside, breaking a major 2-year downtrend.
MORE LIKE 10 YEARS 2006 1GU =2.04 Actual trade
CFTC data shows speculators still heavily net short GBP.
MORE LIKE 10 YEARS 2006 1GU =2.04 Actual trade
CFTC data shows speculators still heavily net short GBP.
Gaps Left Unfilled but Dollar Still Vulnerable Here’s Why
After all of the excitement from the French election, Donald Trump’s “big” tax reform announcement and the prospect of another U.S. government shutdown, there was very little consistency in the performance of the dollar. The gaps after the election were left unfilled but the gains also did not continue. However next week, the U.S. dollar should experience a more uniform performance ahead of and following the upcoming Federal Reserve’s monetary policy announcement. Despite Friday’s rally, U.S. …
3 Reasons Why EURO See-Sawed After ECB
It was no surprise that the European Central Bank left interest rates unchanged today. Investors were focused on ECB President Draghi’s monetary policy bias and by taking a look at the price action, it should be clear that he was not hawkish enough. However, there was quite a bit of volatility in the euro after the monetary policy announcement and not all of it had to do with the rate decision. Going into the monetary policy decision, some investors were looking for the ECB to hint at a June or…