Disliked{quote} Hi Mozzy, Note your occupation is forex trader. Are you with one of the big four and if so, what's your read on capital and trade flows at these levels? are seeing moves to hedge long term exposures? would like to get a handle on the underlying real business rather than technical speculation.Ignored
Well it seems that although net positions from large specs are short there is a plateau and being we are extremely deeply sold off the stagnation in new positions seems to sugget either one of two things.
1 - we have run our course and are primed for a reversal
2 - we are just taking a pause until after the rate decision
my guess is number 2
Money never sleeps...