EU to set out plans to lessen its reliance on the USD
on January 16, 2021 at 3:56 pm
reports on moves from the European Union to lay out plans to limit its reliance on the USD ’s vulnerability to US sanctions and to financial risks. Measures proposed include
ForexLive Americas FX news wrap: Sell-the-stimulus mood boost dollar
on January 15, 2021 at 9:16 pm
Forex news for North American trade on January 15, 2020: Markets: There was a decided risk off tone in markets and that meant a bid in the US dollar even as Treasury yields slid. It was a classic 'sell the fact' move after Biden's big stimulus plan, something I about.
CFTC commitments of traders: EUR longs move back up to December highs
on January 15, 2021 at 8:46 pm
Weekly forex futures positioning data from the CFTC - EUR long 156K vs 143K long last week. Long increased by 13K - GBP long 13K vs 4K long last week. Longs increased by 9K
The pound was the top performer this week
on January 15, 2021 at 8:32 pm
GBP narrowly beats out JPY and USD It was a tight race at the top of the FX charts this week that grew much tighter after today's drop in cable. Yet sterling has managed to hang onto its title, at least so far. It's a few pips higher on the week versus the yen and US dollar.
Reminder: Monday is a holiday in the US
on January 15, 2021 at 7:43 pm
Markets closed on Monday Monday is Martin Luther King Jr Day in the US, making it a market holiday. US equity and bond markets are fully closed. Of course, the FX market never closes for holidays but liquidity will be considerably constrained. Canadian markets are open but the economic calendar is light, with only December housing starts.