Day: April 8, 2017

Shift in Gross Speculative Positioning Reveals Changing Sentiment

The traditional focus of speculative activity in the futures market has been the net positioning between the outstanding open long  and short positions.  While acknowledging that the net position provides useful information, we find the changes in gross positions to be significant. The gross positions are what needs to be adjusted on a short move, …

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Dollar Recovery Can Continue, while the 10-year Yield is Set to Rise

The US dollar appreciated against most of the major currencies last week.  The Japanese yen was the chief exception.  It rose about 0.5% as US yields remained heavy and equities were mostly softer.   The Dollar Index did not fall in any session last week.  It has had one losing session over the past nine, and that …

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