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IMM Report: USD Net Short For First Time Since May ’16; EUR Longs Outnumber Shorts 2:1

Scotiabank FX Strategy Research comments on the latest IMM report (covering up to Tuesday July 4 and were released Friday July 7).

Overall, ScotiaFX notes that this week’s report showed a deterioration in the USD aggregate and pushing it Read More →

G10FX: A Pivotal Time For Risk Markets Over Summer; What’s The Trade? – Nomura

Nomura FX Strategy Research notes argues that the coming months over the summer is likely to be pivotal for markets.

"Given that most expect the Fed to announce quantitative tightening in September or October and the ECB to announce Read More →

GBP, JPY: Balanced Risks S/T; Buy A GBP Dip & Sell A JPY Rally L/T – BofAML

Bank of America Merrill Lynch FX strategy Research argues that short-term risks look balanced for GBP and JPY.

"On GBP, weaker data and headline risks from Brexit negotiations are negative, but the BoE hawkish turn and higher probability for Read More →

USDCAD – Can US Dollar Trade Above This Vs Canadian Dollar?

Key Points

  • The US Dollar made a downside move towards 1.2920 against the Canadian Dollar from where it recovered.
  • There are two major bearish trend lines forming near 1.3010 on the hourly chart of USDCAD, which might play a major Read More →