Jump to content
Find Professionals    Deals    Get Quotations   Portfolios
Sign in to follow this  
Anzo Lim

G10 Currencies Analysis--a Focus on EUR/AUD

Recommended Posts

US Commodities and Futures Trading Commission (CFTC) released the latest Commitment of Traders Report released on October 15th, 2019. Data of the report measuring net long and short positions taken by non-commercial traders in major currencies since 2000 shows long position in JPY is at its highest in 3 years. Also, position level at an extreme may indicate a reversing trend in the future.

 

Since Yen long positions reached a peak in the second quarter in 2018, many investors on the market have started shorting the Euro, though Euro short positions havent reached its historical height. Meanwhile, short positions in the AUD and NZD are getting close to their record level. Therefore, we would suggest investors to closely follow the currency pair EUR/AUD.

 

 

EUR/AUD daily pivot points 1.6227---1.6229

S1: 1.6209               R1: 1.6251

S2: 1.6184               R2: 1.6272

 

Source: WikiFX App

 

Share this post


Link to post
Share on other sites

Join 46,923 satisfied homeowners who used renotalk quotation service to find interior designers. Get an estimated quotation

We have a direct provider of fresh cut bank instrument for lease/sale, such as BG,SBLC, MTN, Bank Bonds,specifically for lease. If you are a potential Investor or Principle looking to raise capital, we will be happy to answer any questions that you have about this opportunity and to provide you with all the details regarding this services.

Regards
 
Marco Gasser

AA Group Financial Consulting AG

Email: MarcoGasser@Consultant.com

Email: marcoga@naver.com

 

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×