Currency

Weekly COT Report: Bullish Exposure Hits A 5-Week High As of Tuesday 3rd September: Traders increased net-long exposure to USD by +$2.6 billion, which make them the most bullish on USD in 5 weeks at $13.1 billion (or $16.2 billion against G10 currencies) Traders of the US dollar index (DXY) were their most bullish in 6-months […]

In-light of a weaker USD and lift in sentiment, we could see pairs such as USD/CNH and USD/SGD extend their corrections It’s early days, but we’ve seen a slight lift in global sentiment, resulting in the Chinese Yuan being allowed to appreciate against the USD at its fastest daily pace in 2-months yesterday. Considering that […]

The Closer You Look At ISM’s PMI, The Uglier It Gets | EUR/USD, USD/CHF With PMI crossing below 50, calls for a recession are again on the rise. And this is no surprise, given the red flags within the internal indices. Of the 10 sub-indices, 9 are contracting (below 50) New orders are at a […]

AUD Rebounds On Softer Growth | AUD/USD, GBP/AUD Despite the multi-year low for annual GDP, it came in around expectations to help lift the Aussie from its lows. Q3 GDP 1.4% YoY 0.5% MoM   Yesterday we noted that RBA removed any reference to GDP levels in their August statement, which appears to have been a shrewd […]

RBA held rates as expected, although there we some subtle changes to the statement which warrant keeping tabs on. Summary Of The RBA September Statement The outlook for the global economy remains reasonable, although risks are tilted to the downside GDP in H1 has been lower than expected, with low income growth and declining house […]

RBA and GDP On Tap For AUD and ASX200 The expectations for RBA to cut tomorrow are quite low at just 11%. Therefore, traders will scrutinise the statement for any clues and no doubt short AUD if it appears more dovish than August’s statement. Overall, RBA appeared a little more upbeat on the domestic economy […]

Weekly COT Report: Bullish Exposure on USD Continues To Dwindle As of Tuesday 27th August: Traders were net-long USD by $10.6 billion, down -$0.34 billion from the prior week to make a fresh 14-month low. Against G10 currencies, traders are net long by $13.68 billion, down -$0.82 from the prior week. Traders increased net-short exposure on […]

Historically, September Has Been A Bearish Month For USD/CHF Using historical data, we’ve mapped out a seasonal matrix for FX majors and noted the bearish tendency for USD/CHF in September. The matrix may appear a little confusing at first, although what we’re essentially looking for is a high positive (low negative) number to suggest a […]

USDCHF Price Analysis The pair is moving to a new session high and in the process is exiting from it’s moving averages 5 (red line) and 13 (blue line) at 0.9805 and 0.9785 respectively. Currently, a base on the level at 0.9775 area, at the horizontal line has formed and has allowed for a temporary […]

In an Active Mode, GBPJPY Gets Set for the Upside Momentum GBPJPY Price Analysis – August 28 The pair is likely to stay uneventful in the short-term as the RSI and the moving averages are flattening and the price is rising slowly. In any case, the recent fundamentals affecting the Pound had made the pair […]