These are the main highlights of the CFTC Positioning Report for the week ended on April 7th: Net longs in the sterling dropped to the lowest level in
Blogs
Saudi energy minister: Could cut output below current quota of 8.5 million bpd if needed
The effective oil supply cuts by OPEC+, G20 nations and SPR purchases will account to about 19.5 billion barrels per day (bpd) in total global reducti
USD/CAD stays directionless below 1.4000 in quiet day
The USD/CAD pair, which erased more than 200 pips last week, stays relatively calm on Monday and fluctuates in a tight range amid a lack of significan
GBP/JPY trades with modest losses, below 135.00 mark
The GBP/JPY cross traded with a mild negative bias through the mid-European session, around the 134.75 region, albeit has managed to hold above daily
Oil New York Price Forecast: WTI under pressure, trading sub-$24 per barrel
WTI is consolidating the modest gains made recently. However, as the core trend remains bearish, this market remains vulnerable to the downside.
Gold Price Analysis: Climbs to 1-month tops, inching closer to $1700 mark
Gold reversed an early dip to the $1672 region and turned higher for the second straight session on Monday. The momentum lifted the commodity to one-m
Silver New York Price Forecast: XAG/USD parked in one month-high near $15.40/oz
Following the drop to 2009 lows, XAG/USD is rebounding up as the Fed introduced a limitless Quantitative Easing (QE) as well as the injection of $2.3 trillion
EUR/GBP Price Analysis: Struggling near 61.8% Fibo./200-DMA confluence, around mid-0.8700s
The EUR/GBP cross edged lower on the first day of a new trading week and remained well within the striking distance of one-month lows set last Thursda
USD/INR New York Price Forecast: Greenback clings to record highs vs. Indian rupee
The USD/INR bull trend remains intact as the quote is parked just below the 76.50 resistance while bulls want to hold the market near all-time highs. A break b
USD/JPY recovers to 108 area ahead of American session
The USD/JPY pair closed the previous week virtually unchanged near 108.50 as the upbeat market mood made it difficult for JPY to find demand and allow