Hey friends, and trader
We forecast downside movement for the USDJPY for several reasons
1. USD is overbought and over-priced in 2 months ago
2. JPY is oversold and this is a good and cheap price for this safe-haven currency
3. Smart buyers are buying in these prrices.
4. As you see in the picture, The non-commercial traders usually are buyers in these prices...
As we saw last hedge-founder (non-commercial traders) activity on this pair and how to hold this asset so we predicted text months around December price of EURUSD near the 1.08 area
Take a short position in swing trade style and be patient like big players.
Wish you best, good luck
AUD, NZD & CAD:
The fact that the AUD is now the second largest net-short position among the majors does not really surprise given the recent string of negative factors such as the virus situation, slowing economic data in China and falling Iron Ore prices. This week we have the RBA policy decision coming up and markets want to know how stressed the bank has...
AUD, NZD & CAD:
Yet another 13K unwind of net long positions for the CAD in the CFTC data updated until the 20th of July means that a lot of the froth in positioning has been taken care of. Our concerns about positioning for the past few weeks meant a patient stance with CAD longs, but with the size of the unwind we think CAD longs look attractive again on a...
AUD, NZD & CAD:
It’s important to keep in mind that since the RBNZ meeting took place on Tuesday, we won’t see a lot of the upside in the currency we had this past week reflected in the CFTC data as yet. After the hawkish tilt by the bank as well as the solid beat in Q2 CPI data, expectations for hikes this year have risen substantially, and barring any major...
AUD, NZD & CAD:
The AUD suffered the biggest outflow amongst the major with the CFTC data updated until Tuesday the 8th of June, which should arguably not be surprising given the prior outperformance in the currency before that happened.
This week the focus for the AUD turns to the incoming Employment report where labour data has been touted by many as the most...
AUD, NZD & CAD:
It was a big week for the NZD after the RBNZ followed in the BOC’s footsteps by bringing forward rate hike projections to Sep 2022. Keep in mind the reason why we haven’t seen a correspondingly big uptick in NZD positioning is because the CFTC data is only updated every Tuesday and does not include the big moves seen in the NZD from...
$8 billion liquidations were triggered when BTC briefly crashed to 31k on Wednesday,
This morning, over $7.5B in Bitcoin open interest was wiped out, bringing total OI back to levels last seen in early February.
Right now, oversold signals can be seen across the board and I think this is exactly what we need to shake out weak hands and over-leveraged positions.
AUD, NZD & CAD:
No surprise for the CAD to see the biggest net long positioning change once again among the majors after the BOC’s recent hawkish tilt. The recent comments from the BOC about the CAD’s strength are a reason for us to pay attention to current levels in USDCAD.
Arguably a lot of the positives for the CAD is already reflected in the price, and the...
AUD, NZD & CAD:
No surprise for the CAD to see the biggest net long positioning change among the majors, moving into second place below the EUR. The fundamental outlook for the CAD remains intact after the BOC’s recent hawkish tilt.
However, it seems like the BOC has taken notice of the rapid CAD appreciation and have fired a warning shot last week and given...
AUD, NZD & CAD:
A solid week for the CAD in terms of price action means the biggest increase in positioning among the majors should not be a surprise. The BOC’s hawkish tilt has put the CAD in pole position for the bullish currencies among the majors, and as long as policy normalization continues, and the data stays positive and Oil prices remain buoyed that...
AUD, NZD & CAD:
The latest CFTC data for the CAD was surprisingly low with the most recent update, especially after the data included the price action following the BOC’s hawkish tilt. However, what was not reflected in the data has been made up in good measure in the price action we saw this past week as the CAD’s fundamental realities kicked into high gear and...
AUD, NZD & CAD:
The biggest mover among the three high beta majors was the CAD which showed a fairly big increase in net long positioning of +10K. What is even more interesting about this is that it occurred before the BOC meeting on Wednesday, which means this Friday’s data should show yet another big increase in positioning after the hawkish tilt from the...
AUD, NZD & CAD:
Positioning data for the AUD, NZD and CAD updated until the 13th of April still shows more room to run to the upside for the three high beta commodity-sensitive FX majors, even after the recent push higher in the likes of the NZD and AUD.
For this week the majority of the attention will turn towards the Canadian Dollar where we will have the...
Overall:
With the CFTC data updated until 6 April the AUD showed the biggest decrease of (-8K) and the JPY showing the biggest increase of (+1K).
AUD, NZD & CAD:
Positioning data for the AUD, NZD and CAD updated until the 6th of April still shows more room to run to the upside for the three high beta commodity-sensitive FX majors, especially after the recent...
Overall:
With the CFTC data updated until 30 March the EUR showed the biggest decrease of (-19.5K) and the AUD showing the biggest increase of (+6K).
AUD, NZD & CAD:
Positioning still favours further upside for the three high beta FX majors. The strong push higher in global equities last week is another positive catalyst to keep in mind in the week...
