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Pound and Canadian Dollar Receive Jolts, Dollar and Equities Coast (Forex Trading Video)

By on November 25, 2020 0 40 Views
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Talking Points:

• Equity indexes such as the S&P 500, DAX and Nikkei 225 gapped higher on their open Monday but still offer little conviction
• While the net short Dollar view has been leveraged in the majors and COT, there is as yet little retreat ahead of FOMC
• Despite remarks consistent with their recent official bank views, both BoE Carney and BoC Lane see strong currency turns

The CFTC’s COT figures show EUR/USD futures positioning with the heaviest bullish lean in years while US equity exposure has hit equivalent lows. How do these reading compare to retail FX traders’ exposure? Check our DailyFX sentiment page to find out. (

Read the full article here:

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#eurusd #gbpusd #usdcad #eurgbp
@JohnKicklighter

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