Summary: Saxo Bank's latest report on the FX Options space is now live, with analysis of GBPUSD, AUDUSD, and more.
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FX Update: Move in yields – and FX – may be overdone here
Bond markets have been on an incredible tear higher recently, making for eye popping returns for the longest duration issues. But the move looks very stretched and correlates with a number of exchange rates, especially within the G10. Risks are increasingly two way at these levels.
FX Update: Final thoughts ahead of FOMC
Today we discuss a few last thoughts ahead of the FOMC meeting and some important factors to watch for in today's latest FOMC policy statement and the press conference with Fed Chair Jay Powell.
COT: Speculators continue to sell dollars and buy gold
The weekly Commitments of Traders (CoT) covering the week to July 2, delayed due to last weeks 4th July holiday was released yesterday. The below summary highlights the major changes that occurred in commodities, forex, bonds and stocks. Please find the attached PDF’s for additional information.
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