BofA survey shows short USD no longer seen as crowded trade

GBP/USD’s climb looks strong on the surface, but upcoming U.K. GDP data could put the rally at risk. At the same time, the U.S. dollar is under broad pressure from a geopolitical backdrop that could flip quickly. Source link

The US dollar has posted sharp gains on Friday. In the European session, USD/JPY is trading at 143.85, up 0.88% at the time of writing. The yen hit a 14-month high on Monday but the dollar has rebounded and is up 2.1% this week. It’s an unusually quiet Friday with no US events on the…

By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC). The latest COT data is updated through Tuesday August 5th and shows a quick view of how large market participants (for-profit speculators and commercial traders) were positioned in the futures markets….

EUR/USD extended losses and traded below the 1.1600 support. USD/CHF is rising and might aim for a move toward the 0.8120 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro struggled to clear the 1.1800 resistance and declined against the US Dollar. There is a key downward channel forming with resistance at 1.1575…