Latest Research

A summary of the weekly Commitment of Traders Report (COT) from CFTC to show market positioning among large speculators.

The Turkish lira has just dropped +1% on the back of the latest announcement by the Turkish Central Bank.

To the surprise of no informed market participant, the Bank of Canada left interest rates unchanged at 1.75% in today’s monetary policy meeting. A pre-meeting Bloomberg poll of 24 economists showed this result was unanimously expected, so the “decision” itself didn’t lead to any meaningful market moves...

A summary of the weekly Commitment of Traders Report (COT) from CFTC to show market positioning among large speculators.

The Turkish lira hit a new 2019 low earlier today, causing the USD/TRY to break above its recent highs...

New Zealand CPI data missed them mark, instilling a blast of bearish volatility for NZD crosses as traders adjusted to the idea of a May cut.

As my colleague Matt Simpson succinctly noted last week, traders have said “meh” to the 6-month “flextension” to Brexit. While squabbling between the different political parties continues apace, it’s now unlikely that we’ll see any near-term progress on Brexit, so traders may now turn their attention back to UK economic data.

Renewed trade optimism and strong earnings saw Asian shares break higher. With Nikkei 25 breaking a new cycle high, we're closely watching USD/JPY to see if it follows suit.

Near the end of March, we outlined USD/CHF’s potential to rebound before its next leg lower. With the rebound having since occurred, we’re now watching closely for signs of bearish momentum to return.

The Brexit merry-go-round continues to turn, with today’s news highlighted by the potential for a “flextension” to Brexit negotiations...

In recent sessions, EUR/USD has drifted down towards long-term support. Given we’ve not seen a weekly close beneath 1.1200 in 21-months and the daily timeframe is looking stretched, a bounce from current levels is not out of the question.

The pressure was building for Bitcoin to break above the technically-important $4200 level over the past several weeks and today it finally gave way.