Forex Ninja

Bitcoin has been setting one record high after another in the past few days and is up more than 80% from its lows this year. What in the cryptocurrency world is going on?!

Large speculators slashed the value of their net long bets on the Greenback, but the latest COT forex positioning report reveals that positioning activity was mixed yet again, although the Greenback did lose a rather large chunk of ground to the euro.

After seeing a bit of a rebound in March, volumes ticked mostly lower in April once more as uncertainty returned to the financial markets. Think we’ll see a continuation of this behavior in May?

The value of net long bets on the Greenback was nudged slightly lower. And based on the latest COT report, positioning activity was mixed yet again since the Greenback lost ground to the pound, the yen, and the euro while taking ground from everything else, mainly the Loonie.

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Large speculators slightly boosted their net favorable bets on the Greenback. However, the latest COT report shows that positioning activity was a mixed bag of nuts. Interestingly enough, pound bears added to their bets, which means they weren’t scared away by Theresa May’s call for early elections.

Last month, it looked like EUR/JPY and the S&P 500 were parting ways while the other currencies and their correlated assets looked like they were reviving their relationships. However, price action since then showed that the opposite eventually happened since EUR/JPY and the S&P 500 were dancing together again.

Large speculators raised the value of their net long bets on the Greenback after two weeks of decreases. And the latest COT report shows that the Greenback took ground from most of its peers, although the yen and the Swissy continue to push back.

Large speculators eased their net bullish bets on the Greenback again, but the latest COT report shows that positioning activity was mixed yet again. Although the Greenback did lose ground mainly to the yen.

More trading days and a rebound from February’s slight pullback in volumes saw the forex industry come back to life in March, thanks to a slight pickup in volatility as well.