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  • Speculators Cut Long Sterling Exposure While Adding to Long Aussie

    From marctomarket.com

    The Commitment of Traders reporting period ending March 8 showed little position adjusting ahead of the ECB meeting two days later. A little more than 3/4 of the gross positions we track saw less than 5k contract change and only two were above 6k. The gross long speculative sterling position was cut by a quarter or 9.6k contracts to 29.4k. Speculators also built a larger gross long Australian dollar position, adding 9.7k contracts to 86.1k. The conventional focus on net positions does not reveal the extent of market positioning going into the ECB meeting. The net speculative position is short 71.9k contracts. ... (full story)

COT is useless
Forex Philosopher
Master-Mind. I wouldnt say so
You should read this
http://www.fxstreet.com/analysis/weekly-cot-review/2016/03/08/
HumbleTraders
Yeah, let's all just buy AUD... The Australian economy is great, Government deficit is going down (NOT), the mining boom has restarted (NOT), China is doing well (NOT), the recession is over (NOT), we are now living in BOOOOM times (ABSOLUTELY NOT).

Come on, seriously. This short term retracement is just that, short term.
Follow me at andrewfx2020 (dot) com
Quoting AussieForexM
Yeah, let's all just buy AUD... The Australian economy is great, Government deficit is going down (NOT), the mining boom has restarted (NOT), China is doing well (NOT), the recession is over (NOT), we are now living in BOOOOM times (ABSOLUTELY NOT).

Come on, seriously. This short term retracement is just that, short term.
Remember that currency exchange level do not reflect macro situation and trade balance of certain country.
Quoting gfscapital
master-mind. I wouldnt say so
you should read this
http://www.fxstreet.com/analysis/wee...ew/2016/03/08/
i mean it has been exposed to public after 1 week!! After the end of its purpose.
Forex Philosopher
Quoting JakubSzalaFX
Remember that currency exchange level do not reflect macro situation and trade balance of certain country.
it is TOT (Terms-of-Trade) is declining for the third year!
Forex Philosopher
Quoting AussieForexM
Yeah, let's all just buy AUD... The Australian economy is great, Government deficit is going down (NOT), the mining boom has restarted (NOT), China is doing well (NOT), the recession is over (NOT), we are now living in BOOOOM times (ABSOLUTELY NOT).

Come on, seriously. This short term retracement is just that, short
term.
http://www.theage.com.au/business/the-economy/negotiating-the-economic-cross-currents-20160311-gngezp.html#ixzz42phKsut7
"As things have turned out…we [AU] have managed pretty well so far, despite what has been a fairly difficult environment. Over the past two years, the prices of our commodity exports have declined by 40 per cent. Mining investment has also declined by almost 40 per cent, which is the equivalent of nearly 3 per cent of GDP. Yet over these two years, our economy has continued to expand at a reasonable pace, with growth over 2015 having been a bit stronger than was earlier expected and not too different from the long-term average."
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they should start making holdens and falcons again.
Quoting Master-Mind
it is TOT (Terms-of-Trade) is declining for the third year!
What is your point?
it should be sell at 7614 with target 7338
Forex Philosopher
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  • Story Stats
  • Posted: Mar 13, 2016 5:10am
  • Submitted by:
     MarcChandler
    Category: Fundamental Analysis
    Comments: 10  /  Views: 3,807