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  • Article / 10 hours ago

    COT: IMM EUR positioning back towards neutral after rout

    Head of Commodity Strategy / Saxo Bank
    Money managers were already busy selling dollars before dovish FOMC comments sent it sharply lower against the euro. During the week ending February 2 they cut bearish bets on the EURO while the combined dollar long against eight IMM currency futures were trimmed by 20% to a three-month low.
    Read the article
  • Squawk / Saturday at 7:16 GMT
    United Kingdom
    W6 #FX directional view:
    #AUDCHF ▼
    #AUDJPY ▼
    #EURAUD ▲
    #EURNZD ▲
    #EURUSD ▲
    #NZDCHF ▼
    #USDCHF ▼
    #USDJPY ▼
    #GBPJPY ▼
    #NZDJPY ▼
    #GBPCHF ▼
    #EURGBP ▲
    Read the Squawk
  • 3d
    Orgil Orgil
    Hello John Hardy. i have one question. If the NFPL data shows 200k+ jobs, will EURUSD can reach 1.1050
  • Editor’s Picks / Thursday at 21:44 GMT

    Commodity currencies surge as US dollar pulls back

    The Sydney Morning Herald
    The Australian dollar broke through the $0.72¢ mark on Thursday evening, buoyed by a second day of selling in the US dollar on fading chances of further interest rate rises by the Fed on more soft economic data. The Bloomberg Dollar Index, which measures the greenback against a basket of major currencies, endured its steepest two-day fall since 2009. The commodity currencies, namely the Australian dollar, New Zealand dollar and Canadian dollar, have been the winners from the US dollar's pullback on a double benefit of stronger commodity prices and higher yields. A poll of analysts by Reuters found they overwhelmingly expect the Australian dollar to fall, but saw the currency at $0.69¢ in 12 months' time.
    Read article on The Sydney Morning Herald
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  • 4d
    John Shaw John  Shaw
    Great piece Mike.
    But the big question for USDCAD players is will BoC hike the rate as Canada tanks? Stay tuned?
    I even hear rumblings about the US...
    Michael O'Neill Michael O'Neill
    Hi John: In my humble opinion, there is less than zero chance of the BoC hiking rates. The Feds are going to announce the details of...
    John Shaw John  Shaw
    Agreed...... Sorry. I screwed up. I meant the BoC cutting the rate as was expected a couple of weeks ago. My apologies. Long...
  • 4d
    Ronald222 Ronald222
    U still holding nzd/us long?
    Dan Murray Dan Murray
    Hey Ronald. My SL is now at 0.6645.
    Dan Murray Dan Murray
    Out at 0.6708