Americas Wrap

AUD/JPY shows the week wasn't all it was made out to be AUD/JPY didn't make a significant move and USD/MXN keeps breaking down It was a whirlwind week but if you take a step back, there were really three themes: Tech stock weakness, a drop in sterling and oil softness.... Read full article CFTC Commitment of Traders: No fear from cable longs Weekly Commitments of Traders data for the week ending September 8, 2020: The euro net (shown above) remains near the record high and it's a big reason that some market watchers are expecting a flush lower in the euro.... Read full article Staying bullish USD into US November elections; 5 reasons - BofA What's the election trade? Bank of America Global Research maintains a bullish bias on the USD, expecting to unfold into the November elections. For bank trade ideas, check out eFX Plus... Read full article Work from home is great... until they cut your wages by 18% Twitter, Facebook and VMWare cut wages Bloomberg reports that Twitter and VMWare are cutting wages for workers who are leaving the San Francisco area to work remotely from cheaper areas.... Read full article US August monthly budget deficit $200.1B vs $235.4B expected Deficit beats estimates as unemployment benefits trimmed The yearly comparison is a poor one because August 1 fell on a weekend and that changed the timing of payments. If you adjust for calendar shifts, the deficit would have been $255B vs $146B a year ago.... Read full article Read The Full Feed Latest Forex Orders CFTC Commitment of Traders: No fear from cable longs Weekly Commitments of Traders data for the week ending September 8, 2020: EUR long 198K vs 197K long last week. Longs increased by 1K GBP long 13K vs 6k long last week. Longs increased by 7K JPY long 22K vs 30K long last week. Longs decreased by 8K  CHF long 12K vs 12K long last week. No change in net speculative position AUD short 2K vs square last week. Shorts increased by 2K  NZD long 5K vs 7K long last week. Longs decreased by 2K CAD short 17k vs 27K short last week. Shorts trimmed by 10K The euro net (shown above) remains near the record high and it's a big reason that some market watchers are expecting a flush lower in the euro. More notable in the short-term is the build in GBP positions in the week ending Tuesday. There are undoubtedly some speculators regretting that move. Look for a reversal in the week ahead (or maybe GBP-bulls have a stronger hand than I believe). For bank trade ideas, check out eFX Plus  All Forex Orders Cryptocurrency Technical Analysis Education Economic Calendar Forex Brokers Are you subscribed to our events? Join now and get informed Subscribe Connect with us on your favorite social network

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