OmarNAMOUCHI

Banks are shrinking their USD holding for USTreasuries Coupon

Long
OmarNAMOUCHI Updated   
TVC:DXY   U.S. Dollar Index
Hello Traders,

Today the US Federal Reserve has accepted a historical amount of ReverseRepo bid from banks : $485.329bln.

Banks are returning the USD cash back to FED to repossess their US treasuries coupon in order to generate some yields.

The recent comment from the FED board member are framing their comments in a Hawkish tone.

The chart is showing " Falling Wedge " on DXY : is a bullish pattern formation make the case of strong USD during the comming months are more solid.
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Bullish Flag is in making on DXY
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EURUSD is reversing for down side :
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AUDUSD : FOREX

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NZDUSD

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GBPUSD
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USDCAD :
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AUDUSD
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AUDUSD

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SPX H&S
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NZDUSD FOREX

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US ADP Employment Change Actual 978k (Forecast 650k, Previous 742k).


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AUDUSD, FOREX

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US Initial Jobless Claims Actual 385k (Forecast 386.5k, Previous 406k).

$EURUSD 1.21489 ( -0.5% )
$NZSUD 0.71689 ( -0.93% )
$DXY 90.34 ( +0.5% )
$XAUUSD 1870.051$ ( -2% )
#US10Y 1.613% ( +1.61% )
$RUT 2263.20 ( -1.52% )
$NDX 13493 ( -1.40 )

#FX #METALS #YEILD #BOND #JOBS
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Weekly futures forex positioning data from the CFTC :
$EUR long 109K vs 104K long last week.
$GBP long 24K vs 31K long last week.
$AUD short 2K vs 1K short last week.
$NZD long 6K vs 8K long last week.
$CHF short 0K vs 1K short last week.
$JPY short 47K vs 50K short last week.

Highlights:
$EUR longs remain the biggest position and moved further away from the 100K level with a 5K increase.
$CAD longs at 49K is the next largest long position.
$JPY is the only meaningful short position at -47K
$GBP longs were trimmed as the pair approaches the midpoint of the trading range since 2014 near 1.4300.
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usdcad forex
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Trade closed: target reached
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