US Dollar Continues To Follow Rise In US Treasury Yields; ECB Tomorrow

According to the CFTC’s COT report for the week ended April 17, there were +151.5K net-long contracts held by speculators, a new all-time high. At this juncture, it will be much easier for the ECB to push the Euro down than it will be for the Euro to stay elevated, much less rally.

See the video for technical considerations in the DXY Index, EUR/USD, USD/JPY, USD/CHF, and the S&P 500.

1 2
View single page >> |

Disclosure: DailyFX, the free news and research website of leading forex and CFD broker FXCM, delivers up-to-date analysis of the ...

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.