See how retail traders are positioning in the FX majors, indices, gold and oil[1] intraday using the DailyFX speculative positioning data[2] on the sentiment page.
US Dollar: Trade Wars, Fed-Speak Line Up as Upside Catalysts[3]
The US Dollar[4] regained upward momentum last week, as expected. The currency emerged from a week loaded with high profile event risk with the strongest advance since late April. A hawkish monetary policy announcement from the Federal Reserve and a decidedly dovish one from the ECB did most of the work. The latter sank the EUR/USD[5] exchange rate, which echoed as broader strength for the US unit.
Japanese Yen May Gain as Focus Shifts Back to Trade War Fear[6]
Looking at an average performance of the Japanese Yen against its major peers, the currency experienced a volatile week but was on course to finish it mostly little changed. It first fell as optimism ahead of the Trump/Kim summit lifted sentiment. However, it found itself rising in the aftermath of the Fed and ECB rate decisions later on.
Australian Dollar Faces Calmer Week, But That May Not Save It[7]
The Australian Dollar[8] faces a lack of major, first-tier domestic economic data in the coming week and, given that last week’s full calendar saw AUD/USD[9] appreciably lower, it might be reasonable to assume that a sparser calendar might bring some reprieve.
Yuan May Extend Losses Amid Weak Fundamentals, US-China Tariff Battles[10]
This week, the USD/CNH[11] broke above a long-term downtrend held since the mid of 2017, indicating a reversal in a longer time frame;
