Pivot: 0.846 Our preference: Long positions above 0.846 with targets @ 0.85 0.8515 in extension. Alternative scenario: Below 0.846 look for further downside with 0.8445 0.842...
Talking Points: – Forex trading crowds remain aggressively long the US Dollar across the board, although profit taking may be occurring during the recent USD rally....
EURUSD – Retail FX traders remain short the Euro versus the US Dollar, but sentiment has eased away from a record extreme, suggesting that the beginnings...
Japanese Yen – Retail forex traders remain long the US Dollar against the Japanese Yen, and the rate at which they’re abandoning their longs during the...
AUDUSD – Retail forex traders are now net short the Australian Dollar against the US Dollar for the first time since April, suggesting that the AUDUSD...
SPX500 – Retail speculators remain heavily short the SPX500 contract, which tracks the fair value of SP 500 E-mini Futures. As long as crowds remain short,...
GBPUSD – Retail FX traders remain short the British Pound versus the US Dollar, but sentiment has eased away from a record extreme, suggesting that $1.6300...
Talking Points Sentiment extreme in USD/CAD Cycles turning lower over next few days To receive other reports from this author via e-mail, sign up to Kristian’s...
Pivot: 101.15 Our preference: LONG positions above 101.15 with 104.1 104.95 in sight. Alternative scenario: The downside penetration of 101.15 will call for 99.65 98.35. Comment:...
Talking Points: – Day ten of the US government shutdown and long-term solutions appear distant; short-term deal (approximately six-weeks) is said to be in the works....