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Showing Commentaries 16 - 18 out of 18 found.

Are speculators turning bullish on Euro futures?

Are speculators turning bullish on Euro futures?

EURUSD, as expected moved lower last week. It closed at 1.1307 on Friday. I expect this market to keep going lower for now but the downside should be limited. Looking at speculative positions I see this market might be turning bullish in the long term. This week, speculators reduced their shorts by another 13K and their longs by 11K. This group have been dumping their short positions since...

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Cautiously Bearish On The Canadian Dollar

Cautiously Bearish On The Canadian Dollar

The Canadian Dollar is relatively more sheltered from the "inverse effect" that causes other heavily traded currencies to decline when the U.S. Dollar rallies. For that reason, we are tempering our generally bearish forex view with a special caveat for the Canadian Dollar. It should decline, but not as forcefully as we expect other currencies to decline. The long-term Elliott wave pattern in...

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EuroSTOXX Upward Correction Finished?

EuroSTOXX Upward Correction Finished?

Along with the German DAX and the London FTSE, for which we posted charts in January and March, we also like to monitor the EuroSTOXX 50 Index for a view on the health of European equity. The Euro STOXX 50 Index is composed of 50 of the most liquid stocks throughout the Eurozone and comprises a majority of the market capitalization in the Eurozone, making it a good barometer for the zone as...

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