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Dollar finding sellers as the London fix approaches

GBPUSD squeeze? It's been a while since we've seen a fixing move

Is it the 4 PM London fix, or did the "chatter" about housing stimulus in the UK turn the tide?

Whatever the case, the EURUSD, GBPUSD, AUDUSD, NZDUSD are all at NA extremes against the dollar. The EURUSD is up on the day. The GBPUSD is trading near 1.3150. On Friday the CFTC Commitment of Traders reported that traders were "all-in" short. Be aware.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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