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- Written by TradersCom
- Category: Forex
The British Pound Soared Higher as reports in the German press that the EU may other the UK a two year Transition Period for Brexit. This is what P.M. May asked for, and reduces the chances of hard exit.
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- Written by Helmholtz Watson
- Category: Forex
Much back and forth on a Turkey-US crisis, coming just weeks after the Kurdistan vote. Turkish Deputy PM Simsek speaking in Washington says its all overblown. What grabbed my attention was Turkey's 10% inflation on a Fed minutes day.
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- Written by Assistanc3
- Category: Forex
Russia's central bank moves to block bitcoin exchange websites.
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- Written by Helmholtz Watson
- Category: Forex
Catalan President Carles Puigdemont and other regional leaders signed a declaration of independence from Spain.
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- Written by KnovaWave
- Category: Forex
The Japanese Yen continues to weaken after completing the 3 wave move under $USDJPY 108 last week, yen weakness has accelerated as the British Pound gets back to Brexit night levels. GBP demand has taken $GBPJPY up to 151.54 after triggering large stops.
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- Written by KnovaWave
- Category: Forex
The New Zealand dollar has sold off for 3 straight cents since tagging 75.50 in late July with pressure from AUDUSD, dairy exports and now budget projections. Kiwi now rests on a key daily support line.
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- Written by KnovaWave
- Category: Forex
The latest move from the yen comes as no surprise as we wrote about yen shorts building with $JPY short positions are at their highest since 2014. The herd has been caught again, part of it is the U.S. traders obsession with the dollar index rather than the currency itself.
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- Written by TradersCom
- Category: Forex
The IMF issued its External Sector Report saying U.S. dollar was overvalued by 10 percent to 20 percent, the Euro was 10-20 percent too low for Germany's fundamentals.
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- Written by KnovaWave
- Category: Forex
Yen shorts continue to build despite the Japanese currency gaining, CFTC data show $JPY short positions are at their highest since 2014. Is the herd wrong?
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- Written by KnovaWave
- Category: Forex
The Australian dollar continued its upward trajectory against the U.S. dollar since it broke and tested .7500 back in June. It broke the 2016 high of 0.7835 to trade up to o.7943 earlier. Why? and where to?
