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Coffee Carnage Crushes Hedge Funds Amid Record Bullish Positioning

Coffee Carnage Crushes Hedge Funds Amid Record Bullish Positioning

The ‘smart money’ was disastrously wrong… Having piled herd-like into near record-high bullish positions in Robusta futures (used in instant coffee) over the last year… Hedge funds face coffee carnage this week as the price for the commodity collapsed over 13% in the last 6 days… The biggest bloodbath since July 2011… As Bloomberg reports, while the market is facing […]
USD/JPY: Yen Remaining Under Pressure

USD/JPY: Yen Remaining Under Pressure

As widely expected, Bank of Japan maintained its monetary policy as is without any changes, therefore, the Yen remained under pressure as a result of increasing risk appetite and walking away from safe heaven assets. This was after the concerns eased about the French elections and the fear of having a military conflict in the […]
​EUR/USD Bearish Momentum Could Break Bullish Channel Source

​EUR/USD Bearish Momentum Could Break Bullish Channel Source

EUR/USD 4 hour The EUR/USD is in a channel (red/blue lines) which is struggling to break above the 61.8% Fibonacci retracement level of wave 2 (green) near the round level of 1.10. A breakout above or below a trend line could indicate the next direction. A bullish break indicates a continuation within wave C (purple) […]
New Opportunity Emerges After Trump Trade Cools

New Opportunity Emerges After Trump Trade Cools

To say the financial markets are undergoing a fit would be an understatement. As you know, stocks soared in the three months that followed Donald Trump’s surprise victory. And the rally was led by stocks that had previously been laggards: financials, industrials and materials. Yet the epic failure of the Trump administration to repeal and […]
Pound Peeks At Higher Levels, Peaks For Now

Pound Peeks At Higher Levels, Peaks For Now

GBP/USD reached 1.2915, the highest level since October. This is above the previous high of 1.2905 seen after the announcement of the UK elections on June 8th. After reaching the new high, Sterling became shy once again. Is this a false break? Perhaps, but one that could preclude a second, more determined move. Momentum is with the […]
GBPUSD Near Completion Of Important Highs

GBPUSD Near Completion Of Important Highs

On April 18th I was turning bullish GBPUSD looking for a move towards 1.30. Now we are here (very close) and I believe it is time to think our next steps. #GBPUSD on the road to 1.30? pic.twitter.com/OLAeoHvFxq — Alexandros Yfantis (@alexanderYf) April 18, 2017 So far the recent breakout above the short-term triangle is […]
Trump Can’t Get Over His Wall

Trump Can’t Get Over His Wall

The President of America pledged that he’d build a wall along the USA’s southern border, and that Mexico would pay for it. Obviously, Mexico isn’t too keen to pay for something it absolutely does not want, so it was never likely to front up the cash. Trump suggested that the wall would be funded by […]
Crude Oil Price Recovery Aborted As Trump Tax Plan Disappoints

Crude Oil Price Recovery Aborted As Trump Tax Plan Disappoints

Crude oil prices roared higher after EIA inventory data showed stockpiles shed 3.64 million barrels last week, marking a stark departure from an analogous API report that reported a small build over the same period. The move higher proved short-lived however as risk appetite soured after the White House tax reform proposal failed to impress. The WTI benchmark retreated alongside […]
Gold Price Plunges As Wall Street Indices Soar

Gold Price Plunges As Wall Street Indices Soar

The US Economy Is Running Red Hot and Gold Is Persona Non-Grata The S&P 500 index is currently trading at 2,392.23, up 6.85% and 16.86% over the course of 1 year. The 52-week range topped out at 2,400.98, with a low of 1,991.68. For binary options traders, all these numbers may seem irrelevant to the […]
BoJ Raises Economic Assessment While Keeping Policy Steady

BoJ Raises Economic Assessment While Keeping Policy Steady

Bank of Japan April Meeting Summary: Interest rates left unchanged at -0.10% QQE purchases unchanged at 80 trillion yen 2017 – 2018 GDP forecasts increased from 1.5% to 1.6% 2017 – 2018 (core) inflation forecasts reduced from 1.5% to 1.4% Inflation goal expected to be reached by April 2018 As widely expected, the Bank of […]