Over the weekend we had Trade Balance from Japan that although was better the expected and previous, report still said that Japan continued to have low export due to high currency.
Monday was an usual light session, no tier one data in London session and NY.
Sentimentally, WTI gapped higher due to OPEC news, and equity markets were once again all green due to risk on sentiment.
COT Nov 18th 2016
AUD 40,000
GBP -75,000
CAD -20,000
EUR - 100,000
JPY 25,000
CHF -20,000
USD > 40,000
NZD < 5000
CRUDE OIL > 200,000
GOLD 200,000
DXY - bearish engulfing
AXY - bearish large candle
BXY - bullish large candle with gapped up
CXY - bullish large candle with gapped up
EXY - bullish kangaroo tail
JXY - bullish kangaroo tail
ZXY - bullish small candle
SXY - small dojo harami
Over the weekend we had Trade Balance from Japan that although was better the expected and previous, report still said that Japan continued to have low export due to high currency.
Monday was an usual light session, no tier one data in London session and NY.
Sentimentally, WTI gapped higher due to OPEC news, and equity markets were once again all green due to risk on sentiment.
- Dollar sentiment continues
- Risk on sentiment continues
- OPEC deals high possibility but North American oil producers watching
- AUD & NZD neutral
- GBP neutral to bullish due to May’s comment
- EURO & CHF & JPY negative
- Another hint from ECB officials on continuation of ECB bond buying next month
- Merkel decided on the election; Sakoze lost
COT Nov 18th 2016
AUD 40,000
GBP -75,000
CAD -20,000
EUR - 100,000
JPY 25,000
CHF -20,000
USD > 40,000
NZD < 5000
CRUDE OIL > 200,000
GOLD 200,000
DXY - bearish engulfing
AXY - bearish large candle
BXY - bullish large candle with gapped up
CXY - bullish large candle with gapped up
EXY - bullish kangaroo tail
JXY - bullish kangaroo tail
ZXY - bullish small candle
SXY - small dojo harami