Whilst large speculators trimmed both long and short exposure last week, we continue to suspect gold remains in a corrective move. As of Tuesday 29th March 2022: NZD traders had flipped to net-short exposure. Large speculators were their most bearish on GBP futures in 13-weeks. Net-short exposure to JPY futures rose to their most bearish […]
The post Weekly COT Report: Gold Volumes Lower, Yen Bears Dominate appeared first on Action Forex.
Markets The PMI’s on Friday again highlighted the divergence in growth and confidence between the US and EMU. The glimmers of hope some optimists saw in the October EMU PMI reading where brutally rejected by Read more…
Daily Pivots: (S1) 192.90; (P) 193.85; (R1) 194.86; More… Intraday bias in GBP/JPY remains on the downside for the moment. Current development suggests that corrective rise from 180.00 has completed with three waves up to Read more…
Daily Pivots: (S1) 159.94; (P) 161.21; (R1) 162.53; More…. Intraday bias in EUR/JPY remains on the downside for the moment. Current development suggests that corrective rebound from 154.40 has completed with three waves up to Read more…