Traders book tankers in Europe to ship gasoline across Atlantic after Colonial shutdown

© Reuters. FILE PHOTO: Holding tanks are seen at Colonial Pipeline’s Charlotte Tank Farm in Charlotte, North Carolina, U.S. in an undated photograph. Colonial Pipeline/Handout via REUTERS. By Ahmad Ghaddar and Ron Bousso LONDON (Reuters) -Traders provisionally booked at least six tankers to ship gasoline from Europe to U.S. destinations following a cyber attack that […]

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Dollar bounces higher as traders brace for inflation data

© Reuters. U.S. one dollar banknotes are seen in this illustration By Tommy Wilkes LONDON (Reuters) – The dollar gained ground on Monday after last week’s drop as traders assessed the outlook for Treasury yields, while awaiting crucial U.S. inflation and retail sales data in coming days. Elsewhere it was a quiet start to a […]

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CFTC Commitments of Traders: EUR longs continue to get covered. JPY shorts remain steady

CFTC Commitments of Traders: EUR longs continue to get covered. JPY shorts remain steady Coming Up! Title text for next article LON +1 SDNY+11 NY -4 TYO +9 GMT Technical Analysis Weekly forex futures positioning data for the CFTC for the week ending March 30, 2021 EUR long 68K vs 74K long last week. Longs […]

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Dollar in Doldrums as Traders Rethink Reflation Trade Amid Yield Struggles

© Reuters. By Yasin Ebrahim Investing.com – The dollar fell against its rivals Thursday, and remains set to snap a three-week winning streak as the reflation trade that had pushed bond yields appear to be running out of steam. The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell […]

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The GBP is the strongest and the EUR is the weakest as NA traders enter for the day

The USD is mixed As the North American session begins, the GBP is the strongest of the major currencies while the EUR is the weakest (the EURGBP is the biggest decliner with the pair trading to the lowest level since late Feb 2020).  The USD is mixed with gains vs the EUR, CHF, and CAD […]

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The NZD is the strongest and the JPY is the weakest as NA traders enter

The USD is tilting lower  TGIF. As the North American traders enter for the day, the NZD and AUD are battling for the strongest of the major currencies (The AUDUSD is trying to remain above the 100 day MA after moving back above today).   The JPY is the weakest  (and running to new highs).   The […]

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EURUSD stays below 200 day MA. Traders will be focused on that level for clues

Stay below the 200 day MA keeps the sellers in control The EURUSD moved below it’s 200 day MA late yesterday, and has been able to stay below today.  The MA comes in around 1.1852.  The high today was in the first hour at 1.1852.  Stay below will be the key barometer for the buyers […]

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CFTC Commitments of Traders: JPY long switched to short (dollar long). Dollar buying against all other currencies.

CFTC Commitments of Traders: JPY long switched to short (dollar long). Dollar buying against all other currencies. Coming Up! Title text for next article LON SDNY+11 NY -4 TYO +9 GMT Technical Analysis Weekly forex futures positioning data for the CFTC for the week ending Tuesday, March 16, 2021 EUR long 90K vs 102K long last week. […]

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The CHF is the strongest and the GBP is the weakest as NA traders enter for the day

The USD is mixed As North American traders enter for the day, the CHF is the strongest and the GBP is the weakest.  The USD is trading mixed.  Most of the major currencies are close together in the ranking. The USD has changes of less than 0.17% vs EUR, JPY, CAD, AUD and NZD.  In the US, retail sales will […]

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