EURUSD
Non-Commercials reduced their net long positions in the Euro last week selling 23k contracts to take the total position to 63k contracts. EUR has now been net-sold for three out of the last four weeks despite strong signals by the ECB that they will announce further tapering at the upcoming October meeting. Uncertainty ahead of the German elections has provided some headwind to ER demand...
With over 6 years’ experience analysing currency markets, James is now a well-known industry analyst focusing on price action trading and fundamental drivers. Beginning as a private retail trader, James developed a strong interest in understanding the fundamental aspect of the market before pursuing technical trading capabilities which he now uses to identify opportunities over a short-term horizon. Alongside his market experience, James is also IMC certified having achieved the qualification to help further his understanding not only of the markets but the industry as a whole.
James has a strong interest in both fundamentals and technicals and uses both forms of analysis in generating and executing trade ideas, with trades generally lasting from a few hours to a few days.
