Saxo Bank publishes weekly Commitment of Traders reports (COT) covering leveraged fund positions in commodities, bonds and stock index futures. For IMM currency futures and the VIX, we use the broader measure called non-commercial.This summary highlights futures positions and changes made by hedge funds across commodities, forex and financials up...
USD rally extension would be a big problem
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Market Quick Take – November 16, 2021
Markets traded sideways to start the week, In FX, EURUSD dove sharply lower, more a reflection of a weak single currency as the EU deals with a widening Covid outbreak and high energy prices than a reflection of a strong US dollar, though the greenback did firm across the board...
Chart of the Week : Hong Kong’s international cargo vessels traffic
Our Macro Chartmania series collects Macrobond data and focuses on a single chart chosen for its relevance. This week, we look at maritime data and especially Hong Kong's international cargo vessels traffic.Click here to download this week's full edition of Macro Chartmania. The current congestion situation in international ports, especially in...
Crypto Weekly: In the name of Bitcoin
The first update in four years got activated on Bitcoin yesterday. Some days prior, not surprisingly, SEC denied approval for a Bitcoin ETF based on the spot market. NFTs are still going strong.Taproot update gets activated on Bitcoin For the first time in four years, a Bitcoin update was activated...
Fixed income market: the week ahead
An environment with elevated inflation and low interest rates is not sustainable. Hence, long term yields need to soar to catch up with price pressures. Following last week's ugly 10 and 30-year US Treasury auctions, Wednesday's less popular 20-year bond sale could be a catalyst for more volatility in the...
USDCHF is on a bullish momentum! | 15 Nov 2021
Price is on bullish momentum. We see the potential for a buy entry at 0.9185 which is an area of Fibonacci confluences towards our Take profit at 0.92374 in line with 161.8% Fibonacci projection . Technical indicators are showing bullish momentum. Any opinions, news, research, analyses, prices, other information, or...
GBPCHF is on a bearish momentum! | 15 Nov 2021
Price is on bullish momentum. We see potential for a buy entry at 1.22882 in line with 161.8% Fibonacci extension towards our Take profit at 1.24724 in line with 78.4% and 38.2% Fibonacci retracement . Technical indicators are showing bullish momentum. Any opinions, news, research, analyses, prices, other information, or...
AUDJPY is on bullish momentum! | 15 Nov 2021
Price has recently broken out of our bullish trendline and is at a Pivot . We see the potential for a trend reversal from our 1st support at 83.502 in line with 38.2% Fibonacci retracement , 161.8% Fibonacci extension , and graphical overlap towards our 1st resistance at 84.564 in...
GBPJPY potential for bounce | 15th Nov
Price is trading in a descending trendline and is near the buy entry price of 152.481 which is also 127.2% Fibonacci retracement and 61.8% Fibonacci projection . Price can potentially go to the take profit level of 154.756 which is also 38.2% Fibonacci retracement . Our bullish bias is supported...