CFTC Weekly Sentiment Report - EUR Overtakes JPY as Largest Held Net Long; CAD Short Narrows
The aggregate bearish USD position widened a meaningful $3.7bn w/w to $15.9bn, pushing back toward the extended bearish levels observed in late...
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FX Snapshot - CAD Gets a Modest Tailwind from Commodities
The soft USD trend reflects the erosion in “US exceptionalism” rooted in the softer US growth outlook and the relative underperformance in US risk...
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Steno Signals #201 – The Mullahs Are Toast – Re-Inflation Is Back!
Happy Monday from Copenhagen. What a comeback by JJ Spaun at Oakmont yesterday (sorry to the non-golfers), and what a comeback risk is about to...
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US Asset Correlations Spike: Early Days, But A New Regime May Be Unfolding
​Recent market movements post-Liberation Day indicate a potential structural shift in US market dynamics, prompting a re-evaluation of traditional...
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Weekly CFTC Sentiment Report - Bearish CAD Sentiment Persists
The latest snapshot of FX positioning reflects only a moderate deterioration in NonCommercial (speculative) USD sentiment in the week through May...
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