Yen May Rally on Bullish Trading Bias

USDJPY: Retail trader data shows 61.8% of traders are net-long with the ratio of traders long to short at 1.62 to 1. In fact, traders have remained net-long since Nov 15 when USDJPY traded near 113.413; price has moved 1.9% lower since then. The number of traders net-long is 4.9% higher than yesterday and 17.1% […]

The annotated cable chart

It’s been dramatic It’s been a wild day in GBP trading as a 100 pip decline was erased, then back on and then erased again on conflicting reports and denials about Theresa May reaching a day with EU officials on paying the UK’s exit bill and a potential

NZD/USD Recovery Vulnerable to Dovish RBNZ Parliament Testimony

Talking Points: — NZD/USD Recovery Vulnerable to Dovish RBNZ Parliament Testimony. — GBP/USD November Rebound Unravels Ahead of BoE Rhetoric. NZD/USD extends the rebound from earlier this month, with the pair quickly approaching the November-high (0.6980), but the Reserve Bank of New Zealand’s (RBNZ) Financial Stability Report (FSR) may rattle the near-term recovery in the […]

Second report confirms a deal on the Brexit price

The Financial Times says deal reached on the cost Similar report from the FT: «According to several diplomats familiar with the talks, the UK would assume EU liabilities worth up to €100bn although net payments, discharged over many decades, could fall to less than half that amount.» May is expected to formally present the offer […]

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