Forex Ninja

Listen up, forex fellas, we’ve got a little over three months left before the new EU regulations on forex hedging take place. Will this mean higher trading fees for retail traders like us?

The latest COT report shows that positioning activity was mixed. However, the Greenback did lose ground mainly to GBP and JPY.

Net shorts on USD continued to rise. And the latest COT report shows that USD lost ground mainly to EUR as EUR shorts fled. Also worth noting is that JPY bears returned.

Trading activity tends to slow down in August but this wasn’t exactly the case last month as some market players reported small gains while others even saw record volumes.

Large speculators became even more bearish on USD. However, positioning activity was mixed, with USD losing ground to AUD while taking ground mainly from GBP.

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The Greenback resumed its slide into bearish territory, thanks mainly to returning euro bulls. However, the latest COT report also shows that pound shorts ramped up.

I’m seeing a few intermarket correlations getting stronger for the past few weeks, and it looks like risk sentiment has been the major driving force.

After seven consecutive weeks, sentiment on the Greenback finally improved mainly at the expense of the Loonie and the euro.

Large players boosted the value of their net short positions on USD. And the latest COT report shows that USD lost ground mainly to CAD, JPY, and EUR.