Tag Archives: FTSE

Crude oil large spec traders reduce long position for first time in 6 weeks, but still very long; Swiss franc short largest in over five years.

The Australian Dollar corrected higher against its US namesake as expected but the down trend started in early September may now be resuming.

GBP/USD topped then dropped. Now it appears to be moving higher in a corrective pattern. See the Elliott Wave count for a GBP/USD move lower.

USD/JPY continues to trade stubbornly lower toward the bottom of the November range, but a development from N. Korea failed to trigger new JPY longs.

The combination of current sentiment and recent changes gives us a stronger USDJPY-bearish contrarian trading bias.