CoT Update: Euro & Oil Speculators Sell Aggressively
Record positioning in the euro and crude oil both saw reductions from record high levels as the currency and commodity show vulnerability.
Record positioning in the euro and crude oil both saw reductions from record high levels as the currency and commodity show vulnerability.
The Canadian Dollar is reattempting a move toward and likely above 1.2600 per USD as lack of data gives way to position adjustments.
Cryptocurrencies continue to maintain a bid, however; resistance levels for several of them could come into focus in the days ahead.
The combination of current sentiment and recent changes gives us a further mixed EURUSD trading bias.
The combination of current sentiment and recent changes gives us a further mixed Bitcoin trading bias.
Gold prices continue to press near four-year highs at $1366 while silver prices are unable to rally. The Elliott Wave analysis along with this divergence in price behavior suggests a bearish reversal may occur near current levels.
Crude oil continues to rise along with a multitude of risk assets recovering from the early February route as IP kicks off with a rather bullish message.
The ASX 200 has bounced back a little from the fierce stock selloff which hit markets earlier this month. Bulls still have a lot of repair work to do, however.