Tag Archives: FTSE

Euro technical positioning is warning of a turn lower against the US Dollar once again after the single currency rose to the strongest level since December 2014.

Large speculators become further long GBP, while gold traders continue their multi-week buying spree.

Last week, we saw a wild turnabout which stemmed a massive slide; a failure to firm up here would not be a good sign moving forward.

GBP/JPY has remained bullish for most of the prior month, save for a pull back that showed as worries built around the prospect of a stealth taper. With the BoJ on the docket for tonight and GBP/JPY trading near highs, traders may want to tighten up entry protocol in the pair.

The combination of current sentiment and recent changes gives us a further mixed Bitcoin trading bias.