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#Forex #COT Chart > Commercial Vs Large Traders From May2016
cosma's Blog
June'15: Short Foreign Exchange Outlook.
Good Evening Traders;now we see a short snapshot of US-Eu-Asia Economy Outlook:AMERICAS.The USD will remain in favour as the Fed initiates a gradual process of monetary policy normalization that will likely weigh on the CAD and MXN through the remainder of the year.The BRL will retain a bearish tone driven by the adverse effects of an acute fiscal adjustment. The commodity-intensive CLP and PEN will prepare for a negative shock fromthe Fed tightening.EUROPE.The EUR will resume a weakening phase,…
EURo 'n Grexit Fatigue.
Morning All;the euro was marked down on the start of trading this week slipping to a low of 1.1188 after reports that the negotiations between Greece and its creditors broke up over the weekend after only 45 minutes of talks. But the pair rebounded in morning European trade after reports that the Greek negotiating team was to meet with PM Tsipras at 1200 GMT later today.There is no doubt that the currency market is in the midst of full on Grexit fatigue as the on and off nature of talks and the …
EURo Through 1.12.
Good Morning Users;
the euro continued to power higher against the U.S. dollar today, closing firmly above 1.1215, the 61.8% Fibonacci retracement of the 2000 to 2008 rally. EUR/USD bulls have the ECB to thank for today's move. Even though Central Bank President Mario Draghi expressed his disappointment with growth, laughed at the idea that they are nearing their inflation target and said if anything, they will actually add to policy, the euro jumped after he said the central bank would look thr…
the euro continued to power higher against the U.S. dollar today, closing firmly above 1.1215, the 61.8% Fibonacci retracement of the 2000 to 2008 rally. EUR/USD bulls have the ECB to thank for today's move. Even though Central Bank President Mario Draghi expressed his disappointment with growth, laughed at the idea that they are nearing their inflation target and said if anything, they will actually add to policy, the euro jumped after he said the central bank would look thr…
Why EUR Jumped 2% yesterday
Morning People; the biggest story in the financial markets yesterday was the 2% rise in the EUR/USD. The single currency experienced its strongest one- day rally this year and the move was driven by not one but five distinct factors: 1. Greek Debt Deal2. Weaker US Data3. Stronger Eurozone Data4. GE-US Yield Spread5. Speculative Positioning First and foremost, the euro would not have experienced such a strong rally if not for the prospect of a deal between Greece and its creditors being announce…
EURo Time
Morning All;after a wobbly start in early Asian dealing, both euro and cable found a bid in morning European trade as economic from the the region proved to me more upbeat than the initial forecast. Euro dropped to a low of 1.1160 on the open of Asian trade, but managed to stabilize and rise steadily for the rest of the day recapturing the 1.1200 figure by mid-morning London session.The pair was helped by better than expected flash CPI readings which printed at -0.3% vs. -0.5% expected and a dec…
EUR Try Support?
Evening All FxCox Users;a very quiet, lackluster night of trade in the currency market with majors seeing no follow through on the strong dollar price action post Friday’s NFPs as profit taking was the order of the day. The EUR/USD tried to test the lows just below the 1.1300 mark as Asia opened for dealing but the selloff was short lived. Despite the fact that Greece continues to press its case for renegotiation – the shock value of Grexit appears to be wearing off on the market with currency t…