GBP/USD holds losses after three days of gains, trading around 1.3470 during the Asian hours on Monday. The currency pair may regain its footing as the US Dollar (USD) struggles under easing risk aversion, driven by hopes of a diplomatic breakthrough … [Continue reading]
CFTC Report: Bearish FX extremes deepen as cross-asset signals diverge
The week in one sentence: EUR and JPY selling pushed positioning toward fresh bearish extremes, WTI improved through short covering despite a sharp price decline, and VIX shorts retreated as volatility moved higher.FX: Bearish extremes deepenThe Euro … [Continue reading]
US and Israel plan to attack Iran’s energy infrastructure – CBS News
CBS News reported that the United States and Israel may engage in a large campaign against Iran, targeting Iran's energy infrastructure, said multiple sources.The duration would be over the weekend ahead of next week's Asian open in the financial … [Continue reading]
NZD/USD Price Forecast: Bulls eye 0.6000 after SMA break
The Kiwi Dollar extends its three-day rally, climbing above 0.5850 and is poised to challenge 0.5900 amid improving risk appetite and broad US Dollar weakness. The clearance of the 200-day Simple Moving Average (SMA) supports the bullish trend, as … [Continue reading]
Forecasting the upcoming week: US labor market takes center stage after hawkish Fed split
The first full week of August will test whether the US Dollar can recover from its sell-off during the last week of July as investors shift their attention from central bank decisions to a fresh round of economic data. The spotlight will be on July's … [Continue reading]
USD/CHF Price Forecast: Bulls defend 50-day SMA as rebound builds
The USD/CHF bounces off weekly lows and meanders around 0.8080 after hitting a daily high of 0.8127, amid presumed intervention, with Nikkei reporting that the US Treasury Department has told currency market participants to prepare for additional … [Continue reading]
Gold slides as US yields surge, keeping $4,100 out of reach
Gold price tumbles nearly 1.50% on Friday as the US Dollar recovers some ground after Japanese authorities intervened in the foreign exchange markets a day ago, driving the Greenback to a 30-day low before recovering, according to the US Dollar Index … [Continue reading]
United States CFTC Oil NC Net Positions up to 120.1K from previous 81.7K
Gold faces renewed selling pressure, falling sharply toweard the $4,000 mark per troy ounce as the US Dollar regains momentum. Escalating US-Iran tensions are keeping inflation concerns and expectations of further Fed rate hikes alive, weighing … [Continue reading]
United Kingdom CFTC GBP NC Net Positions dipped from previous £-55.6K to £-64.8K
Gold faces renewed selling pressure, falling sharply toweard the $4,000 mark per troy ounce as the US Dollar regains momentum. Escalating US-Iran tensions are keeping inflation concerns and expectations of further Fed rate hikes alive, weighing … [Continue reading]
The Japanese Yen has a second buyer nobody will name
Thursday's record Yen defence is the story everyone has written. Friday is the one that matters, because the Dollar has been sold in three separate lurches since the Tokyo morning, nobody has claimed any of them, and the US Treasury has told a number … [Continue reading]