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Speculator Extremes: Coffee, GBP, Gasoline, Cotton & CAD lead Bullish & Bearish Positions
By InvestMacro The latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on July 30th. This weekly Extreme Positions report highlights the Most Bullish and Most Bearish Positions for the speculator category. Extreme positioning in these markets can foreshadow strong…
EUR/USD Pair Reaches 1.5-Month High
This morning, the EUR/USD rate moved above 1.1680 during early trading — its highest level since mid-October. The main driver behind the rise is traders’ assessment of the diverging policies of central banks. Based on the fundamental outlook ahead of the December meetings: → The market is almost certain that the Federal Reserve will cut…
Mexican Peso softens ahead of Banxico decision as economic outlook weighs
The Mexican Peso falls as traders brace for a 50-basis-point rate cut amid signs of cooling inflation and weak economic activity. Banxico expected to slash rates by 50 bps as economy shows signs of fatigue. Economic activity remains in contraction despite solid retail sales and marginal January improvement. The Mexican Peso (MXN) depreciates against the…
Markets overview. US Dollar Drops Sharply as Treasuries React to Trade and Inflation Jitters – ForexNews.PRO
The US dollar, along with Treasury bonds, is behaving more like a risky asset, highly susceptible to further declines as market sentiment wavers. While the dollar might experience temporary gains on positive trade news, a significant recovery hinges on a broader rollback of the current administration’s protectionist policies. A move in EUR/USD towards 1.15 is…
Short-Term Downtrend with Potential for Rebound – Forex Market Analysis – ForexCycle.com
Gold prices have recently shown some volatility, experiencing a dip while also finding support at key levels. Let’s take a closer look at the current market situation and what traders can expect in the coming days. Recent Price Movement Monday, July 29, Gold has declined from a high of 2403, finding support above 2369. This…
