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.
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
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