Leading the gains fo...from InvestMacro

Leading the gains for the #currency# markets was British pound sterling (21,941 contracts) and the Japanese yen (17,721 contracts) with the Euro (4,275 contracts), Swiss franc (3,526 contracts), Brazil real (2,863 contracts), New Zealand dollar (1,297 contracts), Canadian dollar (946 contracts) and #Bitcoin# (351 contracts) also recording positive weeks. #forextrading#

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Leading the gains for the currency markets was the EuroFX (15,929 contracts) with the Australian Dollar (10,344 contracts), the Mexican Peso (5,961 contracts), the US Dollar Index (754 contracts) and the Brazilian Real (645 contracts) also showing positive weeks. The currencies seeing declines in speculator bets on the week were the Japanese Yen (-18,921 contracts), the British Pound (-15,162 contracts), the Swiss Franc (-9,394 contracts), the New Zealand Dollar (-6,019 contracts), the Canadian Dollar (-2,162 contracts) and Bitcoin (-313 contracts) also registering lower bets on the week.

InvestMacro

3-Year Strength Scores led by Mexican Peso & British Pound COT Strength Scores (a normalized measure of Speculator positions over a 3-Year range, from 0 to 100 where above 80 is Extreme-Bullish and below 20 is Extreme-Bearish) showed that the Mexican Peso (100 percent) and the British Pound (82 percent) lead the currency markets this week. Bitcoin (69 percent) comes in as the next highest in the weekly strength scores. On the downside, the Swiss Franc (0 percent), the Japanese Yen (0 percent), the US Dollar Index (1 percent), the Australian Dollar (4 percent) and the Canadian Dollar (16 percent) come in at the lowest strength levels currently and are all in Extreme-Bearish territory (below 20 percent). Strength Statistics: US Dollar Index (0.9 percent) vs US Dollar Index previous week (3.5 percent) EuroFX (27.5 percent) vs EuroFX previous week (33.6 percent) British Pound Sterling (82.1 percent) vs British Pound Sterling previous week (76.6 percent) Japanese Yen (0.0 percent) vs Japanese Yen previous week (11.5 percent) Swiss Franc (0.0 percent) vs Swiss Franc previous week (1.1 percent) Canadian Dollar (16.1 percent) vs Canadian Dollar previous week (16.9 percent) Australian Dollar (4.4 percent) vs Australian Dollar previous week (1.9 percent) New Zealand Dollar (39.0 percent) vs New Zealand Dollar previous week (43.3 percent) Mexican Peso (100.0 percent) vs Mexican Peso previous week (99.2 percent) Brazilian Real (30.3 percent) vs Brazilian Real previous week (45.8 percent) Bitcoin (68.8 percent) vs Bitcoin previous week (50.2 percent)

InvestMacro

The Japanese Yen large speculator standing this week recorded a net position of -24,817 contracts in the data reported through Tuesday. This was a weekly lowering of -37,588 contracts from the previous week which had a total of 12,771 net contracts. This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 63.7 percent. The commercials are Bearish with a score of 38.8 percent and the small traders (not shown in chart) are Bullish with a score of 55.8 percent. Price Trend-Following Model: Weak Uptrend Our weekly trend-following model classifies the current market price position as: Weak Uptrend.

InvestMacro