CoT Weekly Update – USD Relative Speculative Extremes Persist
Large shifts recently have several currencies (and gold) at relative extremes versus the US dollar.
Large shifts recently have several currencies (and gold) at relative extremes versus the US dollar.
The combination of current sentiment and recent changes gives us a further mixed Bitcoin trading bias.
The US Dollar has failed to breach resistance for the past five weeks. Here are the targets & invalidation levels that matter on the DXY weekly chart heading into July.
The combination of current sentiment and recent changes gives us a further mixed EURUSD trading bias.
Ahead of the RBA rate decision, AUD/USD is struggling to get a daily close below 2017 support. The pair may turn higher ahead and test the upper line of a descending channel.
WTI has gained 22.5% YTD despite H1 ending with Saudi and OPEC allies set to boost production. All of this should make for an exciting and likely volatile H2.
The ASX 200 is getting comfortable at historically high altitude. Can it remain so much longer? Well there’s certainly some hope
The DAX has been holding the Feb 2016 trend-line the last few days, but should it fail things could become very interesting very fast.