Recent content by cashbackforex

CFTC Commitments of Traders (COT) Report 05 November 2013, published 08 October 2013, Technical Analysis. For the first time in nine weeks, spec long positions in the USD has increased. The total USD long is now up to 93,646 contracts, compared to only 12,746 contracts last week. Shorts...

Yes, we do need someone to take the other side of all trades. This can be spec action off-setting spec action, one spec buys and one spec sells, but it is more likely that the commercial will take the other side of the specs trades. Often, speculators, however, run together and they can run the...

CFTC Commitments of Traders (COT) Report, published 22 January 2013 - Technical Analysis. The latest COT report shows that the aggregate spec short position in the USD was reduced to 175K, down from 200k in the previous week. The reduction of the short USD position was made in the pound...

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USDCAD. If we can use the Canadian Dollar futures markets as a barometer, speculators have become quite bullish on the loonie. In our recent quarterly review of the volume changes in currency trading, we noted the remaining open interest in the C$ was 207K contracts when the September futures...

How many times do we get end of the quarter moves in markets simply because it is the end of an accounting period? A money manager who is paid a performance bonus computed at the end of the quarter might be tempted to add to winning positions, buying as high as possible near the close, to...

There are a number of risk events this week that can propel equity and currency markets. Today we get the ruling from the group of gaudily-cloaked German judges on the Constitutional Court, who will tell the world if the German government is permitted to participate in the European bail out...

Earlier in the week, while doing an analysis of the recent COT report, I noticed something peculiar in the data for the Australian Dollar. During the past six weeks the number of futures contracts held by long speculators had ballooned from slightly less than 10K contracts to almost 100K...

The latest COT report, released a day late, show that the speculators made a small reduction in the aggregate USD long position to 271,883 contracts. This is a reduction from 312,479 in the previous period. The biggest spec short is in the Euro, 181,357 futures contracts and delta adjusted...

To the chagrin of the Bank of Japan, who would prefer to have a lower yen, and the many Japanese exporters harmed by the elevated yen, the turmoil in Europe continues sending haven buyers to seek the perceived safety of the yen. And as the European leaders have shown their inability to address...

USDCHF. There was an interesting report from Switzerland (is that an oxymoron?) Friday morning. They reported their foreign currency reserves had grown to 303.8B up from 237.6 the prior month. As we know the Swiss National Bank has pegged the value of the franc with the euro at 1.20. When...

The markets are being bombarded with an abundance of late week data, and there is more to come today (Friday). In the UK, the Central Bank Rate remained unchanged at .50% and the Bank of England did increase what they call their "Asset Purchase Facility" by £50B. There is no surprise here...

Christopher Hitchens once said that Joey Essex's hair is the gilded peg from which our unlovely system of socia distinction and hierarchy depends. Oh no, wait a minute, that was the monarchy. Whatevs. Point is, the EURAUD love-in: some people love them, some people hate them, but nobody is...

There are many segments of the global economy that are inter-related, concerned with the strength of the Chinese economy. We do get weekly snippets of statistics which supposedly are an accurate portrayal of economic activity, but can we rely upon those numbers, and do they give us a complete...

When is the last time the markets have heard anything bullish about the euro? The perils of the single currency, the sovereign debt crises, the underfunded European banks, the lack of a lender of last resort, and repeated stories Greece is about to leave the euro, are all repeated and...