Saturday January 7, 2017 - 19:32:07 GMT
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Amazing Trader And Commitment of Traders Report For January 7,2017 Register for the Amazing Trader
Amazing Trader EURUSD charts are regularly updated to your system
According to the Commitment of Traders data charts, EURUSD shorts continue to wind down in EURUSD. If anything, the COT figures suggest that the EURUSD buying results in part from position-squaring. Undoubtedly, unrelated USD selling against the yuan by the PBOC via intervention has resulted in weakness in the USD as well.
The AMAZING TRADER charts have continually suggested that a stop run in EURUSD has been likely
As Brexit concerns continue to fade, GBPUSD shorts are being wound down. Brexit concerns could be rekindled at any time. The "devaluation" of sterling since the vote has been an economic stimulus for the U.K.
From a trading perspective, we always keep an eye on EURGBP as a barometer of flows in and out of the EUR. They often directly impact EURUSD.
USDJPY COT positions longs continued to build as of last Tuesday. This should not persist in future weeks in light of developing USDJPY weakness. USDJPY tends to correlate positvely with the S&P and U.S. interest rates.
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