Retail forex traders remain aggressively net-short the US Dollar (ticker: USDOLLAR) against the Swiss Franc as it presses to fresh highs, and such one-sided sentiment gives contrarian signal that the pair may continue to strengthen. Traders first turned net-short the USDCHF as it crossed above SFr 0.9300 through early May. The same crowds briefly turned net-long USD as the pair fell through mid-June, but they’ve since returned to their bearish position.
September 19, 2011 Market Watch Can equities rally survive EU turmoil? Here we are in the premarket with the futures and the EUR/USD pointing south with the Greenback pointing north. The more they greet this news with concern, the quicker it will resolve… Read More Oil watching for demand destruction from Greek debt Global oil markets are falling as the Greece problem continues to weigh on market sentiment. Market odds put a Greek default at 98% and rising… Read More EU debt crisis dominates world markets The ongoing attempt by Germany, France and others to find a way to keep Greece from defaulting on its debt seems to me to be an exercise in futility… Read More Stock market gains suggest bear market rally...
Comments