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Speculators Make Minor Position Adjustments, but Like that Aussie

September 02, 2017
Speculators did not make any significant adjustment to gross positions, which we define as 10k or more contracts in the currency futures, during the CFTC reporting week ending August 29.  However, the Australian dollar bulls came close by adding 9.4k contracts to the gross long position.  It stood at 101k contracts, which is the highest since Apri…
Speculators Make Minor Position Adjustments, but Like that Aussie Speculators Make Minor Position Adjustments, but Like that Aussie Reviewed by Marc Chandler on September 02, 2017 Rating: 5
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Dollar Whipsaws Confuse Technical Picture

September 02, 2017
The US dollar was whipsawed ahead of the weekend.  The greenback had been pulling back following the soft core PCE deflator the day before, and losses accelerated after the disappointing US August employment report. However, a report citing unnamed European officials warned that the ECB might not be ready to decide on its asset purchase program as…
Dollar Whipsaws Confuse Technical Picture Dollar Whipsaws Confuse Technical Picture Reviewed by Marc Chandler on September 02, 2017 Rating: 5
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Emerging Markets: What has Changed

September 01, 2017
(from my colleague Dr. Win Thin) India Prime Minister Modi has started a cabinet shuffle.Freeport McMorAn ceded control of the world’s second largest copper mine to the Indonesian government.Central Bank of Russia took over Bank Otkritie, once Russia’s largest private bank.Kenya’s top court nullified last month’s presidential election.Fitch cut Qa…
Emerging Markets: What has Changed Emerging Markets: What has Changed Reviewed by Marc Chandler on September 01, 2017 Rating: 5
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Poor Jobs Data Pressures Dollar, Unsourced ECB Comment Brings it Back

September 01, 2017
Little good can be said about the August jobs report.  The 156k growth in jobs disappointed and is well below the recent averages. The back two months were revised lower for a total of 41k jobs.   The unemployment rate ticked up to 4.4% even though the participation rates were unchanged at 62.9%.  
As if that was not sufficiently disappointing, the…
Poor Jobs Data Pressures Dollar, Unsourced ECB Comment Brings it Back Poor Jobs Data Pressures Dollar, Unsourced ECB Comment Brings it Back Reviewed by Marc Chandler on September 01, 2017 Rating: 5
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Manufacturing PMIs, US Jobs, and Implications of Harvey

September 01, 2017
As the markets head into the weekend, global equities are firmer, benchmark 10-year yields are mostly lower, and the dollar is consolidating after North American pared the greenback's gains yesterday.  Manufacturing PMIs from China, EMU, and the UK have been reported, while in the US, the August jobs data stand in the way of the long holiday w…
Manufacturing PMIs, US Jobs, and Implications of Harvey Manufacturing PMIs, US Jobs, and Implications of Harvey Reviewed by Marc Chandler on September 01, 2017 Rating: 5
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