Matt Simpson

Weekly COT Report: Traders Remain Wary Of King Dollar As of Tuesday 15th July 2019: Traders were net-long USD $12.38 billion ($16.95 against G10 currencies), up by $0.1 billion to snap a five-week streak of long reduction Large speculators have been net-long CAD for two consecutive weeks, and at their most bullish level since March […]

With Fed minutes, Powell’s testimony and a BoC meeting, it should make for a lively session for traders, with USD/CAD finding itself caught in the crossfire. Starting with volatility (lower panel) we can see that 1-week historical volatility has dropped as markets await this key date. However, implied 1-week volatility has also risen to show […]

Kiwi Spikes Aside, It’s Calm Before The Powell Storm Were it not for the sudden spike on NZD crosses then ranges would have been typically small, given market are keenly awaiting comments from Powell later. The lack of news and immediate price reversal suggests its liquidity driven. USD and NZD are currently the strongest majors, […]

Bitcoin has broken out of compression in its usual style and closes in on the YTD highs (and potentially beyond). Since our prior analysis, Bitcoin has broken out of its triangle to the upside and confirmed an inverted head and shoulders pattern with a break of its neckline. As a reminder, inverted head and shoulders […]

The Canadian dollar has continued to gain traction and remains the strongest performing major this month, and has AUD/CAD on the back ropes just above the 2018 lows. The Canadian dollar has continued to gain traction and remains the strongest performing major this month.  EUR/CAD posted a weekly close beneath its 2015 trendline last week […]

A summary of the weekly Commitment of Traders Report (COT) from CFTC to show market positioning among large speculators. Please note the data release was delayed due to US holiday last week As of Tuesday 2nd of July: EUR and CAD saw the largest weekly change among FX majors, both reducing short exposure by 24.5k […]

It doesn’t seem that long ago that FTSE was on the cusp of confirming a head and shoulders reversal pattern on the daily chart. Yet the June low provided a bullish hammer and prices have since been catapulted higher, and broken to new highs. Standing back, we note the bullish trend structure is developing nicely […]

Bitcoin prices are coiling within a tight range after seeing relatively high levels of volatility last week, suggesting it could be preparing to another volatile burst. We’ve paid close attention to the level of volatility on Bitcoin recently, as leading into Independence Day BTC had hit levels of volatility usually associated with bearish trends, nasty […]

Snap may be a long way from it’s record highs, but its 167% rally from December’s low is not something to look past. The trend structure is clearly bullish and prices are now using the 8 and 21 exponential moving averages as dynamic support. And Wednesday’s candle was its most bullish in weeks to show […]

EUR/CAD is trying to break lower on the weekly charts, and today’s close along with which way it breaks outside of yesterday’s could be key for how the cross trades next week. Starting with the bigger picture, EUR/CAD is attempting to break beneath its April 2015 trendline on the weekly chart. Prices are already trading […]