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Weekly Forex Forecast - Sunday, April 28, 2024
Article By:
Christopher Lewis
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Sunday, April 28, 2024 1:40 PM EDT
The British pound rallied during the course of the week, as it recently closed near the JPY197 level. It looks like it could continue to go higher, especially now that the Bank of Japan has admitted that they can’t do much about the value of the yen.
Week Ahead: FOMC, US Jobs, EMU Inflation, JPY Pressure
Article By:
Marc Chandler
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Saturday, April 27, 2024 1:00 PM EDT
The backing up of US rates did not broadly lift the dollar as it appeared to have done previously. The dollar-bloc currencies, led by the Australian dollar, advanced last week, while the Swiss franc and Japanese yen were unable to find traction.
Speculator Extremes: Silver, Peso & Coffee Lead Bullish Positions
Article By:
Zachary Storella
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Monday, April 15, 2024 12:01 AM EDT
This weekly Extreme Positions report highlights the Most Bullish and Most Bearish Positions for the speculator category. Extreme positioning in these markets can foreshadow strong moves in the underlying market.
Speculators Push Japanese Yen Bearish Bets To Highest Since 2007
Article By:
Zachary Storella
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Sunday, April 14, 2024 7:00 PM EDT
The COT currency market speculator bets were slightly lower this week as five out of the eleven currency markets we cover had higher positioning while the other six markets had lower speculator contracts.
Pairs In Focus - USD/CAD, DAX, GBP/CHF, Gold, AUD/USD, USD/MXN, EUR/JPY, Bitcoin
Article By:
Christopher Lewis
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Sunday, April 14, 2024 7:35 AM EDT
The US dollar has absolutely exploded to the upside against the Canadian dollar during the week, and at this point I think it’s likely that we continue to reach toward the significant resistance barrier in the form of 1.39 above.
US CPI, New Security Initiatives With Tokyo And Manila, Bank Of Canada Meeting
Article By:
Marc Chandler
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Wednesday, April 10, 2024 7:11 AM EDT
The dollar has been confined to narrow ranges ahead of the US CPI report. Given the backup of US rates and the stronger-than-expected jobs growth, the greenback's performance has been unimpressive.
Speculator Extremes: Silver, Gasoline & Peso Lead Bullish & Bearish Positions
Article By:
Zachary Storella
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Saturday, April 6, 2024 10:21 PM EDT
This weekly Extreme Positions report highlights the Most Bullish and Most Bearish Positions for the speculator category. Extreme positioning in these markets can foreshadow strong moves in the underlying market.
USD/BRL Analysis: Higher Values And More Volatility Coming Short-Term
Article By:
Robert Petrucci
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Tuesday, April 2, 2024 7:34 AM EDT
The USD/BRL will begin its trading today near values last seen in late October of 2023; the currency pair has mirrored volatile conditions in Forex as nervousness builds.
In this article: UUP
USD/MXN Declines To Near 16.60 As Mexico's Manufacturing Sector Maintains Stability
Article By:
Akhtar Faruqui
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Tuesday, April 2, 2024 5:14 AM EDT
USD/MXN depreciates as growth in Mexico's manufacturing sector remains steady in March. S&P Global Mexico Manufacturing PMI came in at 52.2 in March, remaining largely unchanged from 52.3 prior.
In this article: UUP
China PMI Is Better Than Expected But The Greenback Still Rises Above CNY 7.23
Article By:
Marc Chandler
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Monday, April 1, 2024 8:08 AM EDT
The dollar is trading quietly against the G10 currencies as European markets remain on holiday. Narrow ranges have prevailed. The dollar-bloc currencies are leading with minor gains, perhaps helped on the margins by better-than-expected Chinese PMI.
Pairs In Focus - Sunday, March 31
Article By:
Christopher Lewis
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Sunday, March 31, 2024 1:40 PM EDT
Mixed movements were seen in the AUD/USD currency pair throughout the week. The DAX has seen some bullish momentum, and it may be wise to watch for any pullbacks. The GBP/CHF and GBP/JPY currency crosses could rise in the coming week.
USD/BRL Analysis: Reversal Lower After Highs Attained As Range Tested
Article By:
Robert Petrucci
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Tuesday, March 26, 2024 7:34 AM EDT
The USD/BRL closed yesterday’s trading with a reversal lower leaving the currency pair within the middle of its near-term price range, this as global Forex remains nervous.
In this article: UUP