Foreign Exchange

The weekly COT report: As of Tuesday 28th May: Large speculators increased net-long exposure to USD by just $0.48 billion to $31.3 billion ($35.7 billion against G10 currencies) Traders were net-short NZD futures at their most bearish level since December 2018 Net-short exposure on GBP was its most bearish since March, although we’ve seen a […]

The BOC meeting wasn’t quite enough to see USD/CAD hold above April’s high but, with US GDP on tap, there’s potential for some volatility at the highs depending on where the data lands. Today’s GDP is a revised figure which doesn’t typically deviate too far from the original. Yet it may warrant closer attention this […]

Risk-off has taken centre stage again this week, yet the U-turn reversal on yields suggests a corrective bounce could be due and provide a sympathy bounce for markets. By yesterday’s low, the US10Y had fallen to its lowest level since September 2017 whilst global equity markets fell in tandem and demand for safe-haven assets were […]

Trading on high leverage is a double-edged sword – you can get huge profits or deplete your trading account. Leverage refers to the ability to open a large position with little of your own money. It’s expressed in ratios such as 50:1, 100:1, and 200:1 depending on the Forex broker. For example, you can control […]

Yesterday we highlighted that EUR/JPY bears could look to break beneath 122 and, earlier today, they did just that. Risk-off has swept its way through the Asia session although was initially contained to equity markets, where investors sold stocks in exchange for bonds to push yields lower. However, NZD/JPY has since broken lower and AUD/JPY […]

In order to become successful as a forex trader, one needs to spend a lot of time assessing and evaluating market fluctuations. Also, you must watch for latest forex news and statistics. This way, you can keep yourself updated with the recent market trends and get the most out of the forex world. Luckily, there […]

As far as currency moves are concerned, the European elections were almost a non-event as no gaps across Euro pairs were seen on Monday. And, with the US and UK on holiday and a general lack of economic data on tap, it’s been a quiet start to the week. And with volumes set to return, […]

With a quiet economic calendar, headlines surrounding Brexit and the ‘hunt for Britian’s next PM’ remain potential drivers for the British pound this week. The European elections didn’t make for the most exciting FX open we’ve seen of late, although equities across the region breathed a slight sigh of relief that populism hadn’t taken over. […]

Risk-off may have taken a breather, but that doesn’t necessarily mean its over. And, looking at the price action on USD/JPY and USD/CHF, perhaps it’s time for another bout of risk-off. The Japanese yen began to see inflows today when Japan’s PMI contracted after a 1-month hiatus ‘expanding’. Yet reports that Panasonic had halted component […]

NZD/JPY has had a rough couple of months, shedding nearly -7% from its March high. Now within a consolidation phase, we’re on the lookout for a breakout, one way or another. We can see on the daily chart the trend is clearly bearish with its strong momentum, lower lows and shallow pullbacks. Yet given the […]