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After Limited Follow-Through Selling, The Dollar Has Come Back Bid
Article By:
Marc Chandler
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Thursday, May 16, 2024 8:18 AM EDT
Three of the G10 currencies rose by more than 1% against the US dollar yesterday after the softer inflation and weak retail sales readings. The Dollar Index lost almost 0.65% yesterday, the most this year.
How Javier Milei’s “Shock Therapy” Is Transforming Argentina’s Economy
Article By:
Frank Holmes
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Monday, May 13, 2024 1:15 PM EDT
Milei’s strategy hinges on two critical pillars: fiscal reform and monetary stabilization.
Pairs In Focus This Week - Sunday, May 12
Article By:
Christopher Lewis
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Sunday, May 12, 2024 2:00 PM EDT
The euro rallied rather significantly against the Japanese yen during the trading week, as it successfully defended the JPY165 level. The market looks as though it is readying to attack the JPY170 level, which is a large, significant figure.
Weekly Commentary: Citadel Vs. Jane Street
Article By:
Doug Noland
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Sunday, May 12, 2024 9:00 AM EDT
I’ve studied enough market history – including the fateful “Roaring Twenties” period – to be uncomfortable with much of what I observe these days.
Visualizing Copper Production By Country
Article By:
Jeff Desjardins
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Saturday, May 11, 2024 11:37 AM EDT
Most copper comes from South America - Chile and Peru account for one-third of the world’s copper output. Here's where it all came from in 2023.
In this article: JJCTF
FX Speculators Reduce Bearish Bets For Yen, Canadian & Australian Dollars
Article By:
Zachary Storella
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Saturday, May 4, 2024 7:17 PM EDT
The COT currency market speculator bets were higher this week as eight out of the eleven currency markets we cover had higher positioning while the other three markets had lower speculator contracts.
May 2024 Monthly
Article By:
Marc Chandler
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Saturday, May 4, 2024 9:58 AM EDT
The resilience of the US economy and stickiness of price pressures spurred a reassessment of the trajectory of Fed policy. This sparked a sharp rise in US interest rates and extended the dollar’s advance.
Softs Report - Friday, May 3
Article By:
Jack Scoville
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Friday, May 3, 2024 2:45 PM EDT
Cotton was lower again yesterday, and trends remain down in the market. Demand remains a problem. The export sales report showed poor sales once again, and demand is not likely to improve with the US dollar stronger.
In this article: CANE
May Day Fed Day
Article By:
Marc Chandler
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Wednesday, May 1, 2024 7:19 AM EDT
Much of Asia and Europe are off for the May Day labor holiday. The dollar is mostly softer in the thin activity. However, the dollar has edged higher against the yen to approached JPY158.
FX Daily: DXY Closing In On Year’s High Ahead Of Fed
Article By:
ING Economics
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Wednesday, May 1, 2024 3:48 AM EDT
The relentless stream of above-expected US inflation data continues. Yesterday it was the turn of the Employment Cost Index to surprise on the upside. Higher US rates have sent one measure of the trade-weighted dollar - the DXY - to the year’s high.
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.