The US dollar regained some of its lost ground as the first quarter of 2018 ended. Is this greenback comeback going to last or are is it only a correction? The first week of Q2 features a full buildup to
April 1, 2018
In the Currency Strength table, the GBP was the strongest currency while the CAD was the weakest. There were some significant changes last month with the USD and GBP gaining 2 points while the CHF lost 2 points. When looking
AUD/USD extended its downside movement from 0.8135 to as low as 0.7642. A further decline is still possible after a minor consolidation and the next target would be at 0.7500 area. Near term resistance is at 0.7785, a break of
As previewed one week ago, on Sunday China unveiled new retaliatory duties on US food imports including pork, nuts, wine and fruits of between 15% and 25% in response to Trump administration’s Section 232 tariffs (not to be confused with the
The latest weekly survey of investor positioning and views on Twitter showed a slight rebound in overall net bullishness, but as with the action in the markets, it appears indecisiveness is a key theme. Indeed the equity investor surveys showed a continuation
EM FX was mostly stronger last week, despite the dollar’s firm tone against the majors. Best EM performers on the week were MXN, KRW, and COP while the worst were ZAR, INR, and PEN. US jobs data poses the biggest
The EUR/USD pair has gone sideways during most of the last couple of months, as we have consolidated between 1.21 and 1.25. I believe this will continue to be the case initially this month, but we are approaching a significant
On Saturday morning, Donald Trump – who, you’re reminded, is still the President of the United States – took to Twitter to reveal what he’d do to Amazon and the Washington Post if America had already completed its hideous metamorphosis
This week’s Commitments of Traders Report includes quite a few notable changes. The number of long positions in the Canadian dollar have fallen by a significant degree, while speculators have also increased their short positions in the currency. The result
The Top 10 of the Ranking and Rating list for the coming month shows the following stronger currencies being well represented for going long: the GBP(5X) with the JPY(4X). The weaker currencies are the CAD(4X) followed by the AUD(2X) and the
