Day: January 14, 2017

Yen Swings Push Speculators to the Sidelines and Net Euro Shorts Fall to Smallest in Six Months

The dollar fell against the yen in four of five sessions of the CFTC reporting period that ended on January 10.  Speculators in the futures market covered shorts and took profits, or at least liquidated long positions. Nearly 12k long yen contracts were liquidated, leaving the bulls with 26k contracts.  This is the smallest gross …

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Dollar Correction may be Over or Nearly So

Dollar Correction may be Over or Nearly So – Marc to Market Edit The correction in the capital markets began shortly after the Federal Reserve hiked rates on December 14.  The correction or consolidative phase follows an otherwise strong trending quarter, where moves accelerated after the unexpected victory by Trump. Last week we still anticipated …

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