Day: October 29, 2016

Speculators Make Concerted Effort to Pick Bottom in Sterling

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Speculators in the futures market increased their gross long sterling position by nearly 20% to 63.6k contracts (+11k) in the reporting week ending October 25. In mid-September the gross long position stood at 40.4k contracts. Not everyone is convinced that sterling will bounce. The bears extended their gross short sterling position by 3.4k contracts …

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October Surprise Pushes Open Door

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The US dollar rose against most of the major currencies last week, but the upside momentum appeared to be dissipating, even before the FBI’s announcement about new Clinton emails. There are a few exceptions like the greenback’s performance against the Japanese yen, Canadian dollar, and Swedish krona. The dollar made new multi-month highs against all …

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Day: October 29, 2016

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