Speculators Reduce Their USD Currency Shorts
COT (Commitment of Traders) Report, 09 October 2012. During the latest COT reporting period, currency speculators, in the aggregate, reduced their USD short position by over 107K contracts.
Category: Daily Forex Reports
EUR/GBP: Euro Gains Ahead of the EU Economic Summit
In the previous European trading session, the Euro advanced versus the British pound as markets look ahead to this week’s European summit, where the European finance leaders would discuss about ways to stem the debt crisis.
USD/JPY Forecast October 16, 2012, Technical Analysis
The USD/JPY pair rose during the session on Monday as the buyers stepped into the marketplace. However, we are currently in the middle of a massive consolidation zone that extends from 77.50 to the 79.50 level.
USD/CAD Forecast October 16, 2012, Technical Analysis
The USD/CAD currency pair had a bullish session on Monday as the market continues to hover around the 0.98 handle. This market currently doesn’t really interest us as we see far too many chances at choppiness over...
GBP/USD Forecast October 16, 2012, Technical Analysis
The GBP/USD pair struggled during the session on Monday, but did bounce in order to form a little bit of a hammer. We have seen the 1.60 handle offer quite a bit of support, and this would...
EUR/USD Forecast October 16, 2012, Technical Analysis
The EUR/USD pair tried to rally during the session on Monday, and while he did hold some of the gains, it should be noted that the 1.30 level has yet again offered resistance.
AUD/USD Forecast October 16, 2012, Technical Analysis
The AUD/USD pair had a fairly quiet session on Monday, but did manage to bounce back off of the 1.02 level yet again. This suggests to us that this area is going to put up quite a...
NZD/USD: Slower Inflation Weakens the Kiwi
The New Zealand dollar is foreseen to incur losses opposite the US dollar today as the Kiwi nation’s annual inflation hit its lowest level in nearly 13 years in September, reflecting a strong currency and a slack...
Market Looks to US Retail Sales
The US dollars had a bearish trend against most of its main currency rivals before markets closed for the weekend on Friday, as concerns regarding Spanish debt continued to boost safe-haven currencies. Worries about Spain were also...
EUR/USD Forecast October 15, 2012, Technical Analysis
EUR/USD rose during the session on Friday, but bounced off of the 1.30 handle yet again. Now it looks like we had formed a shooting star, and this of course is a bearish sign.