US Greenback, EUR/USD, GBP/USD, COT Report –AnalysisUSD Shorts Rise for Second Consecutive WeekNervy Check for GBP/USD BullsJPY Quick Protecting U
US Greenback, EUR/USD, GBP/USD, COT Report –Analysis
- USD Shorts Rise for Second Consecutive Week
- Nervy Check for GBP/USD Bulls
- JPY Quick Protecting Underpins Forex
GBP/USD Bulls At Danger From Macro Shock, JPY Quick Protecting – COT Report
Within the reporting week to April 27th, sentiment within the US Greenback continued to melt as internet shorts grew for a second consecutive week with a $2.34bln enhance. In latest weeks, USD promoting had coincided with renewed optimism within the Euro. Nonetheless, with Euro positioning comparatively unchanged the newest transfer had largely stemmed from Japanese Yen brief overlaying with internet shorts reduce by $1.3bln. That mentioned, as I’ve talked about beforehand, the clearest steering for USD/JPY path is through US yields, which stay a key driver for the pair.
Speculators elevated internet longs ($351mln) within the Pound and thus stays the largest lengthy within the G10 on an open curiosity adjusted foundation. That is noteworthy given upcoming UK threat occasions for the Pound (BoE MPR and Scottish Election) and with internet longs considerably elevated, GBP does stay in danger from adverse setbacks. The GBP weekly forecast report provides extra to this week’s occasions.
For commodity FX, internet longs within the NZD and CAD had been prolonged, most notably within the Kiwi, which is now the second-largest bull wager on an open curiosity adjusted foundation. In the meantime, the Aussie noticed little in the way in which of a shift in positioning. Going ahead, my view stays that CAD will proceed to outperform AUD amid diverging financial coverage. Commerce of the quarter (Q2), brief AUD/CAD.
Weekly FX Positioning
Supply: CFTC, DailyFX (Covers as much as April 27th, launched April 30th)
The Analytical Skills of the COT Report
The best way to Learn the CFTC Report
US Greenback Positioning
Supply: Refinitiv, DailyFX
GBP/USD Positioning
Supply: Refinitiv, DailyFX
USD/JPY Positioning
Supply: Refinitiv, DailyFX
If you need to obtain the total COT FX breakdown, contact IG.
component contained in the
component. That is most likely not what you meant to do!nn Load your utility’s JavaScript bundle contained in the component as an alternative.www.dailyfx.com