Commitment of Traders

Marc To Market's picture

Correction or Trend Reversal in FX?





Here is the technical reasons why the euro, sterling and Swiss franc retreat is a likely a correction rather than a change of the underlying trend.  US 10-year yields near lows and a recovery could lift the greenback vs JPY.  

 
Marc To Market's picture

FX: Position Adjustment or Trend Reversal ?





The recent strength of the euro and sterling seemed to evaporate, while the yen and dollar-bloc currencies recovered.  Is this a major trend change or was it simply reflecting some position adjustment in a thin market? 

 
Marc To Market's picture

Dollar Weakness is Really Euro and Sterling Strength





Dolllar weakess is largely concentrated against euro and sterling and those handful of currencies that move in their orbits.  The US dollar is firm against the dollar-bloc and yen and many emerging market currencies.  

 
ilene's picture

THE WTF COMEX TRAVESTY





Travesty- n: “a false, absurd, or distorted representation of something.”

 
Marc To Market's picture

Dollar Firm, but Look for Near-Term Pullback





As suggested here last week, the dollar moved higher over the past five sessions.  Although it finished the week on a firm note, I suspect we may have a pullback before seeing higher levels.    Here is why.

 
Marc To Market's picture

Dollar Outlook Still Constructive





It may seem counter-intuitive but the US dollar appreciated last week, despite the partial closure of the Federal government, the heightened risk of default and the nomination of Yellen.  The dollar can move higher next week too.  

 
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