Currency

Weekly COT Report: Dollar Bulls Cautiously Return As of Tuesday 12th November: Large speculators increased net-long exposure to USD by $2.1 billion, to $14.3 billion. Traders are their most bearish on JPY in 5-months. Short-exposure to CHF hit a 3-month high. AUD also saw the largest weekly change, with net-short exposure increasing by 14k contracts.   […]

So far, USD is on track for a positive close in November, a month which has historically been favourable to bulls. Yet nothing moves in a straight line and it appears bears could now have their say. DXY: A bearish outside day has formed and price action appears poised to retest the support zone around 97.86-98.00. […]

Market Brief: Antipodeans Drive FX Volatility Again FX Brief: It was another volatile session courtesy of the Antipodeans, with Australian employment missing the mark and sending AUD broadly lower. Whilst unemployment rose to 5.3% as expected, it was employment growth contracting for the first time since September 2016 (with fulltime employment also falling) which made its presence […]

Whether It Breaks Or Reverts To This Year’s Trend, 0.8500 Is Key For NZD/CAD Just as NZD/CAD tests a key level of resistance, it’s worth considering its potential for a change of trend. Personally, I think the bearish trend on NZD/CAD has been one of the better ones for FX traders this year. Since failing […]

The Aussie Tanks on Weak Employment Report | AUD/USD Unemployment rose back to 5.3% (after a 1-month hiatus at 5.2%) Headline employment contracted by -19k (+15k expected) – its first contraction since September 2016 Full-time employment fell -10.3k (+26.2k prior) Participation rate at a 4-month low of 66% (record high of 66.2% reached in August) […]

The Swiss Franc Is Quietly Gaining Traction Against Its Peers Before we see broad strength into or out of a particular currency, its not uncommon to see one or two related pairs take the lead before the others catch up. And that appears to be what is happening across CHF pairs. CAD/CHF is on the […]

Whilst RBNZ are expected to cut rates again tomorrow, it remains unclear how dovish the statement may be, given the mixture of weak economic data of late alongside a lower currency and improved US-China trade sentiment. According to a Reuters, 80% economists polled expect RBNZ to cut rates by 25 bps tomorrow. This would place […]

Weekly COT Report: Trade Optimism Supports CAD and AUD As of Tuesday 5th November: Large speculators were net-long USD by $12.2 billion, down by $0.34 billion the prior week CAD traders were their most bullish in two years AUD traders were their least bearish since January AUD also saw the largest weekly change, with net-short exposure […]

Key Resistance Levels: $5, $6, $7 Key Support Levels: $3, $2,$1 EOS Price Long-term Trend: Bullish EOS is in a bullish move but it is encountering penetration at the $3.70 price level. The market pulls back and continues to trade below $3.70. EOS has made concerted efforts at the resistance so as to move up […]

In a scenario where the price of Bitcoin is crashing, what would be the best reactions to take? Below are a few things an investor can do to weather the storms of a market crash. Maintain a Calm State of Mind Trading Bitcoin mandates that one has a disciplined mind state, meaning that your emotions […]