Buy Up GBP In Anticipation of BOE Rate Rise

EURUSD Non-Commercials increased their net long positions in the Euro last night buying a further 13k contracts to take the total position to 147k contracts. EUR long positioning is now back up to its highest levels of the year as the market readies itself for ECB monetary policy normalisation. Recent data has caused some market players to ...

2018-04-18 James Harte Read more
Net Short JPY For The First Time Since 2016

EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 7k contracts to take the total position to 134k contracts. This latest reduction in Euro long exposure comes despite the ECB recently confirming that it has now shifted away from the easing bias that has been in place since the global financial crisis. Due to ...

2018-04-13 James Harte Read more
AUDUSD Stalling close to previous high

Monthly: Holding within a large Expanding Wedge formation that has an eventual bias to break to the downside. The whole move higher from the 2016 low (0.6827) has been and volatile, common in corrective formations Weekly: The mixed and volatile price action has formed an Ending Wedge pattern. A break of 0.7616 and the measured move target...

2018-04-17 Ian Coleman Read more
Net Short JPY For The First Time Since 2016

EURUSD Non-Commercials increased their net long positions in the Euro last week buying a further 8k contracts to take the total position 141k contracts. Euro upside positioning is climbing back towards recent highs as the market anticipates a faster pace of ECB monetary policy normalisation than currently projected. At its recent meeting...

2018-04-10 James Harte Read more
Net Short JPY For The First Time Since 2016

EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 14k contracts to take the total position to 133k contracts. This latest reduction in long positioning comes amidst the first sign of moderating economic activity in the Eurozone. Trading is expected to be light this week ahead of the Easter holidays. The d...

2018-04-02 James Harte Read more
GBP Longs Rise Ahead of BOE

EURUSD Non-Commercials increased their net long positions in the Euro last week buying a further 13k contracts to take the total position to 146k contracts. Investors have been steadily adding to their long exposure in the Euro as the market anticipates that the ECB will remove accommodative monetary policy at a faster pace than is currentl...

2018-03-23 James Harte Read more
GBP Longs Rise Ahead of BOE

EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 5k contracts to take the total position to 133k contracts. This latest bout of short covering came just ahead of the March ECB meeting where investors we mixed as to whether the bank would deliver the hawkish message that bulls have been looking for. Dragh...

2018-03-23 James Harte Read more
GBP Longs Rise Ahead of BOE

EURUSD Non-Commercials increased their net long positions in the Euro last week buying a further 12k contracts to take the total position to 138k contracts. Following a few weeks of position squaring, investors have started rebuilding their long positions heading into the March ECB meeting this week. The meeting is widely expected to confir...

2018-03-23 James Harte Read more
Despite Rate Hike Expectations

EURUSD   Non-Commercials reduced their net long positions in the Euro last week selling 1k contracts to take the total position to 126k contracts. EUR upside exposure has been reduced heading into an important week for euro area politics. The upcoming Italian elections on March 4th have the potential to case disruption for eurozone ...

2018-03-23 James Harte Read more
Sterling Longs Down

EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 14k contracts to take the total position to 127k contracts. Traders have reduced their upside exposure in EUR for two consecutive weeks now as traders have reacted cautiously to ECB comments which have noted the impact of a weaker US Dollar. Main focus thi...

2018-03-23 James Harte Read more