Month: June 2019

Dollar weakness was the main theme The first trade I highlighted was selling USD/CHF . I noted that the pair had fallen in 10 of the past 12 Junes and it was its worst month on the calendar. I also highlighted the potential chart breakdown. Indeed the pair did breakdown and continued to break more
Forex futures positioning data among non-commercial traders for the week ending June 25, 2019: EUR short 56K vs 52K short last week. Shorts increased by 4K GBP short 59K vs 53K short last week. Shorts increased by 6K JPY short 10K vs 17K short last week. Short trimmed by 7K CHF short 16k vs 15k short last week.
An update on the expiries list at play ahead of month-end, quarter-end trading EUR/USD: 1.1320-30 (€846m), 1.1350 (€413m), 1.1375-85 (€1.1b), 1.1400 (€421m) USD/JPY: 106.75-85 ($1.7b), 107.50 ($2.2b), 107.75-85 ($770m), 108.00-05 ($1.1b), 109.00 ($1.3b) USD/CAD: 1.3090-00 ($1.1b), 1.3150 ($440m), 1.3280 ($1.3b) ForexLive A bit of a slight update to the expiries list earlier in the day.
AUDUSD trades above the 0.7000 level The AUDUSD has continued the bullish run higher today.  Looking at the hourly chart above, the pair is now trading above a steeper trend line at 0.6993, and also away from a lower trend line at 0.6982. It will take moves below those trend lines, to tilt some of
As the dollar goes, so does the value of gold (in the opposite direction). The dollar has reversed higher (was modestly lower at the start of the day). The greenback is still behind the NZD as the strongest of majors, but it is catching up.  That has helped to reversed the trend in gold as
Powell speaks at the Council on Foreign Relations: Many on FOMC see stronger case for more accommodation but also do not want to overreact to individual data points or short-term sentiment swings Solid fundamentals are supporting continued growth, strong job creation Unemployment is low, the economy is growing and inflation is near the Fed’s objective
Latest data released by CBI – 25 June 2019 Prior -27 Total distributive reported sales -22 vs -10 expected Prior -20 ForexLive The readings here are an indicator of short-term trends in the retail and wholesale sector of the UK economy. Those are some ugly figures in the report here, especially the headline reading which is
Comments from Dallas Fed President Kaplan Downside risks to the US economic outlook have increased Concerned rate cut now could fuel imbalances Too early to judge if trade and global growth uncertainties will hurt US economic growth Interest rates ‘in the neighbourhood’ of neutral Says he will monitor US and global economies and financial conditions
Early declines reverse WTI crude oil climbed 50-cents to $57.90 today while Brent fell 55-cents to $64.66. The spread between the two is down to $6.99.  If it can narrow another 50-cents that would be the closest since August 2018. WTI has cheered on the shift to easing at the ECB and Fed in the