The month of August largely passed off as a non-event with most of the markets trading flat.
The US dollar weakened on the last trading day for July. The month end buying saw the greenback post fresh lows which sent its peers such as the EURUSD to a new two and half year highs.
James Harte| Forex-Fundamental|31/07/2017,16:37:18
Non-Commercials reduced their net long positions in the Euro last week selling 0.5k contracts to take the total position to 91k contracts.
It was a relatively quiet data day in forex markets prompting traders to dwell over yesterday’s events,
The US dollar had weakened against the yen during the early Asian trading session on the mixed tone from the minutes of the Fed’s latest meeting.
James Harte| Forex-Fundamental|03/07/2017,18:12:11
Non-Commercials increased their net long positions in the Euro last week buying a further 14k contracts to take the total position to 59k contracts.
The US dollar index closed bearish yesterday after price rallied to the technical resistance level of 97.40 - 97.50.
By XM.COM| Forex-Fundamental|21/06/2017,18:34:35
The British pound has been weighed by political uncertainty that has been brought about by Brexit as well as the inconclusive outcome of the snap general election that took place on June 8 that resulted in a hung parliament.
Non-Commercials increased their net long positions in the Euro last week buying a further 5k contracts to take the total position to 79k contracts. The single currency has now been net-bought for eight consecutive weeks ......
The FOMC meeting is scheduled for Wednesday, and the markets are likely to remain flat in the near term.