Alerts

US Greenback Bulls Ease, GBP/USD Flips to Lengthy, EUR/USD Deteriorates – COT Report

COT Report – Evaluation and Speaking Factors

The Predictive Energy of the COT Report

How you can Learn the CFTC Report

US Dollar Bulls Ease, GBP/USD Flips to Long, EUR/USD Deteriorates - COT Report

Supply: CFTC, DailyFX (Covers as much as December 24th, launched December 31st)

How to Use IG Client Sentiment in Your Trading

How to Use IG Client Sentiment in Your Trading

Really helpful by Justin McQueen

Enhance your buying and selling with IG Shopper Sentiment Information

US Greenback Bulls Ease, GBP/USD Flips to Lengthy, EUR/USD Deteriorates – COT Report

Within the week as much as December 24th, CFTC information confirmed that traders had been but once more chopping again on their lengthy US Greenback bets by $1.186bln towards G10 currencies to $17.5bln. As such, bullish positioning within the buck stays at its lowest degree since mid-November.

The most important weekly positioning change had been seen within the Pound, through which speculators flipped to web lengthy within the foreign money for the primary time since mid-April, whereas web longs are actually the biggest since June 2018. This comes amid the continued discount in Brexit uncertainty, notably after the UK election with Boris Johnson set to take the UK out of the EU by the top of the month.

Sentiment within the Euro deteriorated additional with web shorts rising over $10bln following a $950mln enhance. That mentioned, whereas bearish positioning is starting to look stretched, with the Euro buying and selling at its highest degree since August at 1.1215, we see dangers of a pullback to 1.1150. Elsewhere, positioning within the CAD noticed a 3rd consecutive weekly discount in lengthy bets, which can curb an extra drop in USD/CAD

Throughout safe-haven currencies, a brief squeeze within the Japanese Yen noticed bearish positions lower by $970mln, with topside in USDJPY remaining restricted to 109.50. The Swiss Franc noticed a somewhat muted discount in web shorts, which had been lower by $178mln to its lowest since September.

Please add a description for the image.

US Greenback

US Dollar Bulls Ease, GBP/USD Flips to Long, EUR/USD Deteriorates - COT Report

EUR/USD

US Dollar Bulls Ease, GBP/USD Flips to Long, EUR/USD Deteriorates - COT ReportUS Dollar Bulls Ease, GBP/USD Flips to Long, EUR/USD Deteriorates - COT Report

GBP/USD

Please add a description for the image.US Dollar Bulls Ease, GBP/USD Flips to Long, EUR/USD Deteriorates - COT Report

USD/JPY

US Dollar Bulls Ease, GBP/USD Flips to Long, EUR/USD Deteriorates - COT ReportUS Dollar Bulls Ease, GBP/USD Flips to Long, EUR/USD Deteriorates - COT Report

USD/CHF

US Dollar Bulls Ease, GBP/USD Flips to Long, EUR/USD Deteriorates - COT ReportUS Dollar Bulls Ease, GBP/USD Flips to Long, EUR/USD Deteriorates - COT Report

USD/CAD

US Dollar Bulls Ease, GBP/USD Flips to Long, EUR/USD Deteriorates - COT ReportUS Dollar Bulls Ease, GBP/USD Flips to Long, EUR/USD Deteriorates - COT Report

AUD/USD

US Dollar Bulls Ease, GBP/USD Flips to Long, EUR/USD Deteriorates - COT ReportUS Dollar Bulls Ease, GBP/USD Flips to Long, EUR/USD Deteriorates - COT Report

NZD/USD

US Dollar Bulls Ease, GBP/USD Flips to Long, EUR/USD Deteriorates - COT ReportUS Dollar Bulls Ease, GBP/USD Flips to Long, EUR/USD Deteriorates - COT Report

For a extra in-depth evaluation on FX, try the FX Forecast

— Written by Justin McQueen, Market Analyst

To contact Justin, e-mail him at Justin.mcqueen@ig.com

Comply with Justin on Twitter @JMcQueenFX


Clickbank Promo Tools
Wiadforex
Wiadforex is a big online financial news, technical, fundamental analysis, trade ideas, option and educational site with a focus on Nigeria, Africa and world in general. This is an independent online forex platform. That is publish by Wiad Consultancy Services
http://www.wiadforex.com

Leave a Reply

Your email address will not be published. Required fields are marked *


Recommended Clickbank Products