GBP/USD remains under heavy fire and retreats for the fourth consecutive day on Friday. Indeed, Cable suffers the strong performance of the Greenback, intensified post-mixed NFP, and trades at shouting distance from its critical 200-day SMA near … [Continue reading]
United States CFTC Oil NC Net Positions: 57.4K vs previous 646K
GBP/USD remains under heavy fire and retreats for the fourth consecutive day on Friday. Indeed, Cable suffers the strong performance of the Greenback, intensified post-mixed NFP, and trades at shouting distance from its critical 200-day SMA near … [Continue reading]
United States CFTC S&P 500 NC Net Positions rose from previous $-944K to $-106.1K
GBP/USD remains under heavy fire and retreats for the fourth consecutive day on Friday. Indeed, Cable suffers the strong performance of the Greenback, intensified post-mixed NFP, and trades at shouting distance from its critical 200-day SMA near … [Continue reading]
Eurozone CFTC EUR NC Net Positions down to €162.8K from previous €1575K
GBP/USD remains under heavy fire and retreats for the fourth consecutive day on Friday. Indeed, Cable suffers the strong performance of the Greenback, intensified post-mixed NFP, and trades at shouting distance from its critical 200-day SMA near … [Continue reading]
Japan CFTC JPY NC Net Positions: ¥8.8K vs previous ¥141K
GBP/USD remains under heavy fire and retreats for the fourth consecutive day on Friday. Indeed, Cable suffers the strong performance of the Greenback, intensified post-mixed NFP, and trades at shouting distance from its critical 200-day SMA near … [Continue reading]
Japan CFTC JPY NC Net Positions down to ¥88K from previous ¥141K
GBP/USD remains under heavy fire and retreats for the fourth consecutive day on Friday. Indeed, Cable suffers the strong performance of the Greenback, intensified post-mixed NFP, and trades at shouting distance from its critical 200-day SMA near … [Continue reading]
Fed’s Barkin: Labour market is steady, but hiring remains uncomfortably narrow
Richmond Fed President Tom Barkin said the decline in the unemployment rate was welcome and described job growth as modest but stable. He also noted that hiring remains concentrated in healthcare and AI, leaving the overall picture uncomfortably … [Continue reading]
US Dollar Weekly Forecast: Greenback or Greenland?
The week that wasAnd we’re off!Another positive week for the US Dollar (USD) saw the US Dollar Index (DXY) extend a promising start to the new trading year, managing to at least scare away the spectre of being one of the worst-performing currencies … [Continue reading]
GBP/CAD steady as markets digest mixed Canada employment report
The Canadian Dollar (CAD) trades little changed against the British Pound (GBP) on Friday, with GBP/CAD struggling to find direction as traders show a muted reaction to Canada’s latest employment report. At the time of writing, the pair trades around … [Continue reading]
XRP trades under pressure amid weak retail demand
Ripple (XRP) is trading under pressure, resting squarely on support at $2.00 at the time of writing on Friday. The path with the least resistance appears downward, weighed down by declining retail demand despite minor inflows into XRP spot Exchange … [Continue reading]