United Kingdom CFTC GBP NC net positions declined to £-60.7K from previous £-58.9K

United States CFTC USD NC net positions up to $179.7K from previous $165.2K

Australia CFTC AUD NC net positions climbed from previous $-54.5K to $-51.8K

United States CFTC Gold NC net positions: $-3.7K vs previous $12.7K

United States CFTC Oil NC net positions fell from previous 608.9K to 573.4K

Japan CFTC JPY NC net positions: ¥-58.4K vs ¥-62.8K

European Monetary Union CFTC EUR NC net positions dipped from previous €10.6K to €-1.8K

Wall Street pares early losses to end the week on a positive note

Positive developments on trade improve the market sentiment on Friday. CBOE Volatility Index drops 7% on the day. After starting the day slightly higher, major equity indexes in the U.S. turned during the first few hours of the session but gained traction in the remainder of the day to clos ...

EUR/USD: Euro to gain once it gets back to basics – CIBC

According to the Research Team at CIBC, the EUR/USD pair could recover ground if the euro goes back to trading on fundamentals.  Key Quotes:  “The euro has come under attack recently due to concerns surrounding banks’ exposure to Turkey. However, even the most exposed banks i ...

CAD: Outperformance to be a concern for the trade position – CIBC

The CIBC Research Team point out that the Canadian dollar is at the highest level of the year against a basket of currencies, excluding the US dollar and that could be problematic for the overall trade position.  Key Quotes:  “Concerns regarding global growth and EM risk, resultin ...

Mexico: Monetary policy to remain on pause for the rest of the year – BBVA

According to the Research Department at BBVA, a positive outcome of NAFTA negotiations would lead to MXN strengthening. In that scenario, they see Banxico holding the key rate at 7.75% over the rest of the year. Key Quotes:  “After two 25 bp hikes in the reference rate at the monetar ...

Eurozone: PMI and ECB minutes – Danske Bank

Next week in the Eurozone data to be released includes PMI and ECB minutes. Analysts at Danske Bank, do not expect any major new information from ECB meeting minutes. Key Quotes:  “The key data release is the PMI figures due for release on Thursday. After reaching an all-time high o ...