The following are non-commercial futures trading positions as of May 23, 2017. Note that the data were released in the May 26 COT Report (Commitment of Traders). 10-year note May 26 COT Report: Currently net long 362.5k, up 122.5k. FOMC minutes for the May 2-3 meeting were released Wednesday. Post-statement,…
The US Dollar (CURRENCY:USD) has come under pressure lately. But the currency pair of the US Dollar vs Swiss Franc (CURRENCY:CHF) is testing a key trading level. Could this provide clues about the US Dollar’s next move? As you can see in the chart below, there is a chance that…
On March 10, 2017, 720Global introduced the Trump Range Chart. Developed to see several different markets on one page, this unique chart provides a composite perspective of many instruments at once. Given the large post-election market gyrations across many asset classes, our concern was, and still remains, that those moves…
The US Dollar (CURRENCY:USD) has shown strength versus the Euro (CURRENCY:EUR) since 2008, with the “meat” of that strength coming in the last 3 to 4 years. This strength worked as a headwind for precious metals, emerging markets, and at times, the domestic economy. But that market dynamic is at a crossroads… and may…
Market Trading Update – Friday, May 19 We’re seeing another day of bouncing in the S&P 500 (INDEXSP:.INX) and other broad equity indices. Elsewhere, European stocks are also rallying while Asia is largely mixed. The U.S. Dollar Index (CURRENCY:USD) is getting hit hard yet again vs both the Pound Sterling and…
The following is a recap of the recent Commitment of Traders Report (COT) released by the CFTC (Commodity Futures Trading Commission) looking at Commitment of Traders data and commodity futures positions of non-commercial holdings as of May 2. Note that the change in COT report data is week-over-week. Excerpts of this…
The modest rally in the Japanese Yen that we predicted in our February post has proceeded nicely. Currently, price is approaching the area we have been watching for a downward turn. If the Elliott wave pattern continues to behave, the next decline in the Yen should be fairly powerful and…
What exactly is Bitcoin? How do you get it? And what can it be used for? Bitcoin is a type of cryptocurrency, a peer to peer digital money system that allows you to send or receive money across the internet without being linked to a real identity or 3rd party (ex:…
This week’s spike in the British Pound (CURRENCY:GBP) caught some traders off guard, but if you have been following our posts at See It Market you were prepared for it. The British Pound continues to follow the Elliott wave path we sketched last summer and that we updated most recently…
The following is a recap of the recent Commitment of Traders Report (COT) released by the CFTC (Commodity Futures Trading Commission) looking at Commitment of Traders data and futures positions of non-commercial holdings as of April 11. Note that the change in COT report data is week-over-week. Excerpts of this blog…