No Clear Direction for the Yen As Sentiment Shifts

USDJPY: Retail trader data shows 54.1% of traders are net-long with the ratio of traders long to short at 1.18 to 1. The number of traders net-long is 6.1% lower than yesterday and 1.9% higher from last week, while the number of traders net-short is 10.5% higher than yesterday and 17.0% lower from last week. […]

Crude Oil Prices Look to API Inventory Data for Direction

Talking Points: Crude oil prices drop, seemingly correcting after Friday’s surge Gold prices rise amid pre-positioning for Friday’s Yellen speech API inventory flow report, Trump rally in Arizona now in focus Crude oil prices dropped even as Libya halted delivers from the Shahara field, its largest. Compliance with the OPEC-led production cut accord reportedly weakened […]

Weekly Trading Forecast: Searching for Scarce Direction Cues

A slowdown in top-tier economic news flow leaves battered financial markets to reckon with the aftershocks of last week’s back-to-back bombshells. US Dollar Forecast: US Dollar Caught Between Upbeat Fed, Skeptical Markets The US Dollar is caught between a confident Federal Reserve and skeptical financial markets even as political instability risk remains an ever-present threat. […]