Currency Positioning and Technical Outlook: Respect the Price Action

The US dollar appears to have broken out of the ranges that seemed to dominated since mid-September against the major currencies, except the Japanese yen and Australian dollar. We had not anticipated the break out, believing that the resolution of the US fiscal cliff or the Spain/Greek issues i... FF News: Fundamental

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Speculators Inching Closer Towards Shifting Bets Into Net USD Longs

Speculative traders on the Chicago Mercantile Exchange held their smallest anti-USD bet since turning their position into net USD short in late August, data from the Commodity Futures Trading Commission (CFTC) showed on Friday. This is a strong signal that traders are about to turn into net USD... FF News: Fundamental

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Europe Week Ahead: EZ Flash GDP, German ZEW, UK -CPI, -Retail Sales, BoE QIR

Eurozone preliminary Q3 GDP data are likely to surprise positively relative to our own forecasts while, at the same time, recent data point to growing downside risks to the Q4 outlook. Our forecast for Eurozone Q3 GDP has been - 0.2% QoQ for some time, but modest upside surprise can be expected in... FF News: Fundamental

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US Week Ahead: FOMC Minutes, CPI, PPI, Retail Sales, IP, Philly Fed, Budget Statement

The minutes from the October FOMC meeting will reflect the committee's commitment to its current policy, and we look forward to seeing the discussion of the Fed's forward guidance communication. We know from the previous FOMC minutes that a number of Fed officials find the current calendar-based... FF News: Fundamental

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