Sunday April 23, 2017 - 12:33:59 GMT
Share This Story
Global-View - www.global-view.com
Amazing Trader And Commitment Of Traders Ideas For 18 April 2017 Data Register for the Amazing Trader
Amazing Trader EURUSD charts are regularly updated on your systems
Most trading is all about stops. The Commitment of Traders Report (COT) is an imperfect, but useful, "sampling" of market positioning. I would prefer more frequent and precise readings, but we have to live with what we get. The data work for the purpose of getting an idea if traders are positioned long or short and if they in big or small. Little change from a week ago. Traders have basically exited their EURUSD shorts. Also, position trading simply has not been working well. EUR positions are not just against the USD. EUR crosses vs. the JPY and GBP are undoubtedly significant. I am avoiding big ideas in EURUSD and take the market one day at a time. It won't stay like this forever.
The GBP remains very sensitive to data, and that can be helpful to those of us who rely on active markets. U.K. data tend to be released in the mid-month period. As for the Commitment of traders data, markets are maintaining large GBPUSD shorts. Stops will be above the market. From a trading perspective, we always keep an eye on EURGBP cross as a barometer of flows in and out of the EUR. These flows often directly impact EURUSD.
The Bank of Japan has been having difficulty holding a floor under USDJPY. That floor geraually has been giving way. The USDJPY tends to correlate positively with the yield on the U.S. 10-yr note and equity prices. Markets remain long USDJPY but those positions are declining.
Forex Trading News
Daily Forex Market News
Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."