Analysts at Rabobank note that according to the IMM net speculators’ positioning as at June 05, 2018, speculators’ USD positions have been in positive territory for four consecutive weeks and are cont
In early European session, Euro bulls tried to break above last Friday’s high at 1.1810 but found resistance at the 1.1820 level this Monday.  EUR/USD recent advance of the last two weeks is currently
   •  CAD weighed down by worsening US-Canada relations/NAFTA concerns.    •  Weaker oil prices/a modest USD uptick provide an additional boost.  The USD/CAD pair reversed an early dip to 1.2955 and i
FX Strategists at UOB Group remain neutral on the pair in the near term, expecting it to navigate within the 108.70/110.30 range in the next weeks. Key Quotes 24-hour view: “We expected a lower USD la
In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, Cable could still visit the 1.35/1.36 band. Key Quotes “ GBP/USD continues to correct higher near term. The Elliott wave coun
   •  Risk-on mood prompts some fresh weakness at the start of a new week.     •  A goodish pickup in the US bond yields adds to the selling pressure.    •  Subdued USD demand does little, albeit help
   •  Dismal UK manufacturing data prompted some aggressive GBP selling and helped build on Friday's rebound from the vicinity of 50-day SMA support.    •  Momentum back above 100-day was key for buye
 
     
 
     
 

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