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USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

FOREX
FOREX: MNI's FX Positioning Indicator finds:
-USD: Positioning pauses near recent high - With the USD index's recent
pullback, the building of speculative longs also waned slightly, an uptrend
that's been solidly in place since August last year.
-EUR: Too soon to say net positioning has bottomed - With ECB policy seemingly
on ice until next summer, speculative positioning has risen from recent lows,
but it is too soon to say sentiment has bottomed.
-GBP: From bad to worse - Sterling long contracts fell by close to 50% in the
most recent week, pressing the GBP positioning indicator back toward recent
lows.
-AUD: Despite a rebound in spot, shorts double down - While spot AUD/USD appears
to have posted a near-term bottom, the CFTC short position continues to build,
showing a distinct lack of belief in any recovery.
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