CFTC Commitments of Traders Report, 20 November 2012. The current COT report show that the net combined position of currency speculators flipped to the long side of the USD. Flipping positions is not a common occurrence.
The Dollar Index is trading tight at the short term support of 80.00 ranges; it is currently trading at 80.30 ranges; daily close below 79.80 would result in further depreciation of the US Dollar.
The Euro is foreseen to gain opposite the US dollar today on views that efforts to resolve the lingering debt turmoil are gaining ground.
In the previous European trading session, the Euro won versus the Great British pound as hopes over a Greek debt deal turned to doubts, prompting investors to sell the former in favor of the latter.
The euro turned bearish against several of its main currency rivals yesterday, despite the announcement that an agreement between euro-zone finance ministers to provide Greece with a new round of bailout funds had been reached.
The USD/JPY pair gained again during the session on Tuesday, but gave up about half of what it accomplished. This pair still looks positive in our eyes, and we think that a further weakening of this pair...
The USD/CAD pair had a volatile day on Tuesday as the markets went back and forth between “risk on”, and “risk off.” The shape of the candle for the day ended up being a hammer, but this...
The GBP/USD pair initially rallied during the session on Tuesday, but failed to hang onto gains and formed a shooting star. On Monday, we had formed a hammer, so this suggests quite a bit of indecisiveness to...
The EUR/USD pair fell below the bottom of the hammer from the previous day on Tuesday, and this of course is a massively bearish signal. The fact that we are closing below the lows on Monday suggests...
The AUD/USD pair initially tried to rally during the session on Tuesday, but failed and ended up closing lower. This candle is an outside candle, and as such it looks like we could be setting up for...
