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Commitment of traders report (COT): Traders flipped to net-long euro
Despite negative sentiment, weak data and an energy crisis wreaking havoc for Europe, traders decided they wanted to be net-long euro futures ahead of the FOMC meeting.
3 Trades to watch for today’s US inflation report: (EUR, Gold, Nasdaq)
Today's US inflation report is a key event this week for traders, who are placing bets that it will soften ahead of the report to send equities higher and the US dollar lower.
What is a fiat currency? Everything you need to know about the classic monetary asset
A fiat currency is a monetary instrument backed by a national government like the British pound or Canadian dollar. Learn how fiat currencies operate and how they compare to other types of money.
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DAX: EUR/USD parity has big implications for European indices
The recent price action in EUR/USD should serve as a reminder of the importance of the FX market, even if you’re not trading it directly.
European Open: The euro perks up ahead of German ZEW report
Whilst EUR/USD remains within a 150-pip range, momentum has turned higher from the midway point and hints at a run for 1.0600.
Weekly COT report: Traders flip to net-short exposure on the euro
Traders flipped to net-short exposure to euro futures for the first time since early January last week.
Sentiment turning positive in Europe
Investors have welcomed Macron’s performance in the French election debate, while Ukraine conflict is no longer having the same impact on asset prices
EUR/USD: Polarity principle points to plunging prices
At this point, the odds favor a retest of the 1.0800 level in the coming weeks...
EUR/USD: Watch out below if 20-month lows at 1.1125 give way!
The ongoing military clash in Ukraine may soon drive EUR/USD to its lowest levels in more than 20 months
Two trades to watch: Oil, EUR/USD
Oil sees heightened volatility on Russia-Ukraine fears. EUR/USD extends losses amid risk off trade and ahead of ECB Lagarde.
European Open: BOE expected to hike, Euro holds 1.1300 ahead of ECB
Now the euro has erased all of its FOMC losses it is at the hands of today’s ECB meeting as to whether it can extend its rally or hand back gains.
ECB meeting preview: Don’t expect a hawkish shift yet!
The ECB meeting is likely to affirm that the gap between monetary policy on the two sides of the Atlantic is wider than the ocean itself.
Weekly COT report: Divergences form between FX prices and trader positioning
As the data was compiled ahead of the FOMC meeting its likely there are some distortions in this week’s speculative positioning report.
Asian Open: The dollar rises with yields as Wall Street suffers
Rising yields continued to dominate sentiment overnight, a move which began in Asia then extended its way through the European and US sessions.
BOE liftoff! GBP soars as traders price in more BOE rate hikes through 2022
Today's rate hike signals that the tide has shifted and BOE policymakers are now prioritizing fighting inflation as the biggest economic risk...
US CPI preview: Will we see a near 40-year high in inflation?
Friday’s inflation reading will undoubtedly be top of mind for the central bank heading into its final meeting of the year.
European Open: China Data Mixed, EUR/GBP Bears Eye Break of 0.8520
Whilst there are some strong numbers coming out from China, its slowdown remains apparent. Which is still a net-positive when compared to Japan’s negative growth figures.
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European Open: EUR/USD Higher Ahead of Trade Data and CB Speakers
Data is finally picking up this week, with German trade and economic sentiment kicking off ahead of several central bank speakers including Powell and Bailey.
EUR/AUD Reverses at Bearish Target. What Now?
Shorting EUR/AUD has been one of the better performers in recent weeks for bearish traders. Yet yesterday’s rally (its best in 4-months) should serve as a warning.
European Open: ECB Meeting and US GDP in Focus
With an ECB meeting and advanced read of Q3 GDP for the US up next, EUR/USD remains a pair to look at for any volatile reactions.
ECB meeting preview: What to expect?
The ECB is due to give its monetary policy announcement on Thursday 28th October whilst inflation sits at a 13 year high.
European Open: EUR/USD Stands Firm Ahead of German IFO Report
German’s IFO report is the main economic report in today’s macro calendar, and Euro has caught a bid ahead of it.
Two trades to watch: EUR/USD, WTI oil
EUR/USD looks to Eurozone consumer confidence & US jobless claims. Crude oil eases, but demand remains strong.