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Gold–Forex speculators remain fairly neutral Gold prices versus the US Dollar, and relatively choppy price action leaves the year-long downtrend intact. Trade Implications – Gold: Last...
AUDUSD – A substantial shift in forex retail trading crowd positions gives us clear pause in our previous calls for Australian Dollar weakness, and the next...
SPX500 –Retail speculators remain very net-short the SPX500, which tracks the fair value of the SP E-mini futures price. A contrarian view of crowd sentiment favors...
EURUSD – Retail forex traders have sold into the most recent Euro bounce versus the US Dollar, and the sudden shift in crowd positioning gives us...
Japanese Yen – An outright surge in retail forex crowd Japanese Yen buying (USDJPY, EURJPY, GBPJPY selling) leaves us in favor of continued JPY weakness. Trade...
– Japanese Yen buying has surged versus the British Pound – US Dollar outlook unclear on recent shifts in sentiment – Next moves pivotal, but clearest...
GBPUSD – Forex retail crowds have sold aggressively into recent GBPUSD gains, and the sudden shift in sentiment gives us pause in our calls for British...
Pivot: 1403.00 Our preference: SHORT positions below 1403 with targets @ 1374 1369. Alternative scenario: The upside penetration of 1403 will call for 1416 1423. Comment:...
Talking Points – Bank of Japan on hold; Governor Kuroda strikes dovish tone. – US yields back near yearly highs supporting US Dollar. – Turbulent few...
EUR/USD rebounds off an Andrews line AUD/USD potentially tracing out a more important bottom GBP/USD needs to overcome 1.5725 to signal the start of a more...