21 May, 2018 10:21
Negative crypto sentiments soar on CBOE – COT
The Commodity Futures Trading Commission (CFTC) released the Commitments of Traders (COT) for the week ending last Tuesday. Non-commercial traders raised net short position on bitcoin contracts by 240 to 1,870. Large speculators have been lifting net short positions for the second week in a row after a 2-week decline.
18 May, 2018 14:53
Euro still directed downwards
Despite the overbought US dollar completes the week with positive dynamics and keeps dominating in the market. However, the uptrend has got somewhat slower, which can indicate less active trading ahead of the weekend. Still, the US dollar-to-yen exchange rate hit a new high over 4 months anyway. The rate exceeded the 111.00 handle, so the greenback has to take roots above the line.
17 May, 2018 14:32
US dollar gain grounds further
US dollar bulls keep dominating in the markets. The greenback upturn is somewhat slower now, though the market environment generally shows that the US dollar may strengthen further. The European currency stands slightly above the bottoms posted yesterday but changes hand mainly in the red after having failed to take roots above 1.18 handle.
16 May, 2018 14:56
Euro may spur buying on price bounce
The European currency became a victim of bullish factors combination, which drives the rate down to new 2018 bottom. Euro faced boosted pressure in mid-April after the greenback resumed recovery on all fronts seeing growing US state bonds and possible settlement of US-China trade dispute. Moreover, the European currency was depressed by softer expectations...
16 May, 2018 14:18
Yen decline slower on May 16
On Wednesday, Japanese yen has stopped weakening vs the US dollar, though further changes remain possible. The yen-to-US dollar exchange rate stays were recorded at some 110.18. The American currency had strong positions even on weak April retail sales data in the USA released yesterday. For now, 10Y US state-bonds yield keeps rising...
15 May, 2018 16:17
Euro puts up with current economic conditions
The European currency has recently reached 10-day peaks against the US dollar, but then stuck near 1.20 handle, which is said to remain now the key guideline for the bulls making upward euro attempts. Later, EUR-USD rate dipped to 1.19 or even below. With the current German and euro-area reports, it becomes clear that the economic growth has slowed down in the region...
15 May, 2018 14:51
Bitcoin shows correction
Despite the recent decline after which bitcoin price fell below the support line over the past weeks, the coin is still quoted well above the early-February bottom. The leading crypto coin is changing hands within quite small range, so the price can increase above $9,000 in case of a lack of groundbreaking reports. Such development in its turn can indicate...
14 May, 2018 16:57
Sterling fights for better positions
European currencies are recovering against the US dollar, which is attempting to rebound a weak inflation report in the USA. Euro is going to some 1.20 handle, while the sterling is struggling for 1.36. After the 3-week downturn, the last week did not bring strong changes to the sterling, and the currency is getting ready for recovery from the multi-month bottom.
14 May, 2018 14:29
Large funds resume BTC sales on CME – COT
The Commodity Futures Trading Commission (CFTC) released the Commitments of Traders (COT) for the week ending last Tuesday. Non-commercial traders raised net short position on bitcoin contracts by 140 to 400. Large speculators have been lifting net short positions for the third week in a row after a week-long decline.
11 May, 2018 16:04
Euro has strong chance to face new selloffs
The European currency has been posting gains vs the US dollar since Thursday. The euro has managed to make use of slower strengthening of the greenback that has even shown some decline by the end of the week drive by lower state-bond yield and weak inflation data in the USA. As a result, the pair that touched the new bottom of 2018 this week, somewhat rebounded but remained below 1.20 handle anyway. This means that the rate is yet to hit the bottom.
11 May, 2018 13:00
Sterling remains slack at the end of the week
The sterling to US dollar exchange rate stays depressed at the end of the week. However, the currency keeps attempting to restore positions after the collapse recorded yesterday. The GBP-USD price is some 1.3530. The UK market has seen massive economic data lately, in particular, the May meeting of BoE. The yesterday’s meeting resulted in unchanged interest rate at 0.5% per year and...
10 May, 2018 17:57
US dollar can tend upwards
US dollar generally remains on the rise this week. The greenback rally has been seen for some four weeks in a row, during which euro touched the new bottom of late 2017 and sterling fell to the January levels. The demand for US dollar is mainly supported by the renewed monetary divergence issue in the market. With increasing inflation expectations, 4-time interest rate increase is in...