According to the latest CFTC Commitment of Traders Report, USD net longs slipped for the second consecutive week, notes the research team at Rabobank. Key Quotes “In the spot market the EUR has been reclaiming some ground vs. the USD since the start of Oct.” “The Fed’s action to relieve pressure in the US money market may have has some psychological impact in lessening demand for USDs.” “Net EUR short positions edged down slightly having leapt higher the previous week.” “Net short GBP positions dropped back for a fifth consecutive week.” “JPY net positions dropped back into negative ground have been positive for ten straight weeks on safe haven demand.” “Latest data show CHF net shorts increasing moderately. Despite its safe haven status, signs that the SNB is prepared to intervene in the FX market have distorted demand for the CHF.” “CAD net long positions pushed higher last week. Robust jobs data strengthens the case for steady rates from the BoC going forward.” “AUD net shorts increased modestly last week but remained below recent highs. The AUD’s role as a proxy for confidence in China suggests that US/China trade talks are providing direction. The RBA cut rates again this month.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD technical analysis: Bulls take a brief pause near 50% Fibo. level, around 0.6880 region FX Street 3 years According to the latest CFTC Commitment of Traders Report, USD net longs slipped for the second consecutive week, notes the research team at Rabobank. Key Quotes "In the spot market the EUR has been reclaiming some ground vs. the USD since the start of Oct." "The Fed's action to relieve pressure in the US money market may have has some psychological impact in lessening demand for USDs." "Net EUR short positions edged down slightly having leapt higher the previous week." "Net short GBP positions dropped back for a fifth consecutive week." "JPY net positions dropped back into negative ground have… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
