Wed, Nov 13, 2019 @ 12:49 GMT
According to the CFTC Commitments of Traders report for the week ended October 15, NET LENGTH for crude oil futures gained +1 799 contracts to 356 884 for the week. Speculative long positions jumped +16 123 contracts while shorts...
As suggested in the CFTC Commitments of Traders report in the week ended October 15, NET LENGTH in USD Index dropped -2 423 contracts to 37 436. Speculative long positions fell -4 689 contracts and short positions slipped -2...
Sterling surged broadly last week after as UK Prime Minister Boris Johnson struck a new deal with EU on Brexit. It appeared that UK was on track to leave EU on October 31 in an orderly way. The development...
Sterling remains steady today as traders are all holding their bets ahead of tomorrow's crucial vote on the new Brexit withdrawal agreement. Canadian Dollar follows as second weakest as oil price recovery cannot gather momentum. On the other hand,...
Australian and New Zealand Dollar are slightly firmer in Asian session today despite Chinese GDP miss. The stronger than expected industrial production growth ease some concerns over worse slowdown in Q4. Meanwhile, Sterling continues to consolidation in tight range,...
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks dropped -1.59 mmb to 1286.81 mmb in the week ended October 11. Crude oil inventory jumped +9.28 mmb to...
Sterling is having a roller-coaster ride today. It's firstly boosted by news that EU and UK has finally agreed to a new Brexit deal. However, the Pound was then quickly knocked down as Northern Ireland's DUP expressed rejection to...
Australian Dollar rises broadly today as dip in unemployment rate should significantly lower the chance of another imminent RBA rate cut next month. Though, upside is so far limited as the central bank is still on easing course. Sterling...
Hopes of a Brexit deal have once again lifted sterling. The latest optimism came after the “breakthrough” meeting between UK PM Boris Johnson and Irish PM Taoiseach Varadkar. The latter suggested he saw a“pathway to a deal” which could...
Sterling is attempting to resume recent rally even though there is no clear break through in Brexit negotiations yet. European Council President Donald Tusk said it may take another seven to eight hours before knowing when Brexit may happen....
Pound stays generally firm in Asian session after yesterday's rally. UK and EU are getting closer to a Brexit deal and further progress could give Sterling another punch above. As for today, Yen and Swiss Franc are mildly firmer...
Commodity currencies are generally softer today, as led by New Zealand Dollar. Euro also turned softer despite slightly better than expected German ZEW economic sentiment. US-China trade deal appears to be in question again, but reactions are so far...
Headline CPI in China rose to +3% y/y in September, reaching PBOC’s target for first time since December 2013. However, this was driven by elevated pork price rather than improvement in household spending. Food price jumped +11.2%, accelerating from...
The forex markets are staying in tight range in Asian session today. More clarity is needed regarding two of the biggest global risks, before traders commit more. It's unlikely for a Brexit deal to be reached at the EU...
In the minutes for the October meeting, RBA revealed the debate for the -25 bps rate cut. The key reasons for lowering the policy rate to 0.75% are disappointing employment and inflation data, as well as downside risk to...
Yen, Swiss Franc and Dollar continue to regain some grounds today as markets reassess US-China trade negotiations developments. New Zealand Dollar, Sterling and Australian Dollar are generally softer too. But overall trading is rather subdued with Japan, US and...
Asian markets opened higher but there is no clear follow through buying so far. Investors are cautiously assessing the overall developments. Nothing is done until everything is done. Even if, unlike last time, China puts all agreed into texts,...
According to the CFTC Commitments of Traders report for the week ended October 8, NET LENGTH for crude oil futures slumped -34 234 contracts to 355 085 for the week. Speculative long positions added +5 454 contracts while shorts...
Global markets were boosted strongly last week as there seemed to be resolution to two major risks finally. UK and Ireland appeared to have found the "pathway" to avoid no-deal Brexit. Meanwhile, US and China agreed an interim trade...
As suggested in the CFTC Commitments of Traders report in the week ended October 8, NET LENGTH in USD Index declined -3 169 contracts to 39 859. Speculative long positions fell -3 591 contracts and short positions slipped -422...
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