Foreign Exchange Outlook - April 2025
How quickly things change. At the start of the year, we upgraded our forecasts for the US dollar (USD) in the aftermath of the US presidential...
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EM by EM #43: Rand’s Reckoning?
Just as the markets were speculating about which spring month would see the first Fed rate cut of the cycle, a surprisingly high CPI report from...
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CFTC - CAD Bears Vulnerable to Short Squeeze As JPY Bulls Build On Large Longs
The aggregate speculative bearish USD position more than doubled in the week ended April 15, widening nearly $6bn to a net short $10.1bn.
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Weekly CFTC Sentiment Report - USD Sentiment Weakens, JPY Bullish Mood Builds
After a couple of weeks of indecisive positioning, CFTC data for the week through April 8 showed a more obvious shift in Non-Commercial...
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Weekly CFTC Sentiment Report - Speculative Traders Edge Back to the USD
Speculative sentiment towards the USD improved in the week through April 1, the first positive shift in Non-Commercial (speculative) accounts’...
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