CAD Longs Sharply Increase, GBP Remains Bearish, JPY Shorts Build - COT Report

Weekly changes in G10 FX positioning sees CAD net longs sharply increase, while speculators continue to add to GBP shorts.


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EUR/JPY Outlook: Euro May Resume Downtrend Price Action against Japanese Yen

Since the Start of last month EUR/JPY has been trading in a trendless move, however, on Wednesday the pair saw a bearish development. Here are the levels the sellers need to consider to lead the price again


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EURUSD Under Pressure Ahead of PMI Data and ECB Meeting

EURUSD remains just above 1.1200 in early trade with little in the way to drive the price until Wednesday’s PMI data and Thursday’s all-important ECB meeting and press conference.


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Euro Eyeing Eurozone Confidence Data Ahead of ECB Rate Decision

The Euro will be closely watching the release of Eurozone consumer confidence data ahead of the ECB’s rate decision this week. Is a rate cut warranted?


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EURUSD Rate Fails to Test Monthly Low Ahead of ECB Meeting

EURUSD appears to be stuck in a narrow range ahead of the European Central Bank (ECB) meeting on July 25 amid the failed attempts to test the monthly-low (1.1193).


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Crude Oil Prices May Resume Selloff Amid Global Slowdown Fears

Crude oil prices may build on last week’s selloff as worries about slowing global growth spook financial markets and hurt assets linked to the global business cycle.


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China Launch of Nasdaq-StyleTech Index Fails To Impress

Asian markets shrugged as China launched a Nasdaq-style tech stock index. A negative lead from Wall Street and Iran’s capture of a UK-flagged tanker kept risk appetite in check.


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USD May Gain Against SGD, MYR Despite US Growth Slowing to 2017 Low

The USD may keep catching haven bids versus the Singapore Dollar or Malaysian Ringgit as US GDP potentially slows to its weakest since 2017 in a fragile global growth environment.


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Topside Targets Back on Radar as Gold Breaks Out of Holding Pattern

Current market conditions may keep gold prices afloat as the precious metal breaks out of a holding pattern ahead of the Federal Reserve rate decision on July 31.


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Weekly Euro Forecast: Euro Outlook Turns Volatile as ECB Weighs Rate Cut

The Euro has struggled in recent sessions as the July ECB meeting has come into focus. With markets predicting a coin flip’s chance of a rate cut, EUR-crosses appear destined for volatility.


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Crude Oil Prices, SEK, NOK Brace for IMF Report and US GDP Data

NOK and SEK along with crude oil prices may face selling pressure if the latest IMF global economic forecasts and US GDP data pour cold water on risk appetite across financial markets.


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US Dollar Rose as Risk Aversion Left S&P 500 Bearish Price Signals

The US Dollar appreciated on less-dovish Fed monetary policy bets as Middle East tensions fueled risk aversion, leaving the S&P 500 with numerous bearish reversal warning signs.


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Weekly Trading Forecasts: EURUSD Top Fundamental Candidate on Fed Speculation, ECB Decision Approaches

We may find the top scheduled event risk next week displaced for market moving potential by an increasingly volatile theme. Key event risk ahead includes Friday’s US 2Q GDP update and the global PMIs for July which would seem to put the focus on growth and recession concerns. Yet, the muddled picture from Fed remarks this past week and an ECB rate decision may find far more volatility in monetary policy.


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Dollar Outlook: USD 2018 Uptrend In Focus on Aussie as Yen Gains?

The Dollar uptrend from 2018 still holds, near-term price action could be overshadowed by medium-term bullish signals. As USD/JPY eyes support, AUD/USD may reverse on resistance.


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DAX & FTSE MIB Fundamental Forecast: Eyes on ECB Rate Decision

DAX focus centered around ECB rate decision and heavyweight earnings, while Italian political risks weigh on the FTSE MIB.


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Crude Oil Prices Get Hit to Key Support – More Room to Fall?

Oil bears got back into the driver’s seat this week after supply disruptions from Tropical Storm Barry turned out to be less-than-feared. Can bears continue to drive?


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GBP/USD & EUR/GBP Price Chart Outlook: Flagging at Confluence

Spot GBPUSD sits at major confluence and multi-year Fib support but could be strong-armed by its overarching downtrend. Meanwhile, spot EURGBP upward momentum appears to be waning.


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Gold Price Weekly Forecast: Fed Drives Next Leg Higher

The price of gold made a fresh six-year high Thursday, fueled by dovish Fed commentary. This stimulus comes on the back of recent, heavy, central bank buying of the precious metal alongside large gold ETF inflows.


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Australian Dollar: Is This a True Bullish Reversal?

AUDUSD triggered one of the most recognizable reversal patterns in the technical scales this past week: an inverse head-and-shoulders pattern. But is this a spark that can truly catch fire in otherwise difficult markets?


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US Dollar May Gain if IMF Report, US GDP Data Fuels Haven Demand

The US Dollar may find itself propelled higher if the IMF’s updated assessment of the world economy and an underwhelming US GDP data report stoke demand for liquidity.


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