Positioning turns more defensive as Yen longs build

The week in one sentence: Yen positioning surged into a sizeable net long in the week to September 15, while Oil buying accompanied a sharp price increase. CAD shorts also retreated, but Gold exposure remained crowded despite a lower price. Euro and Australian Dollar positioning weakened alongside softer currencies. JPY: Longs keep piling up  Non-commercial net longs in the…

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Argentina Trade Balance (MoM) above forecasts ($2055M) in August: Actual ($2187M)

AUD/USD trades with a positive bias for the second straight day, holding above 0.7100 in the Asian session on Friday as softer US bond yields keep US Dollar bulls on the back foot. Furthermore, hawkish RBA Governor Bullock’s comments boost rate hike bets and support the Aussie. However, the Fed’s hawkish outlook, along with geopolitical uncertainties, limits USD losses…

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Hard assets are entering the age of scarcity – Are you positioned? [Video]

Across Metals, Energy and Agriculture, the resources the global economy cannot function without are becoming more expensive and harder to secure.  The common denominator is scarcity.  Commodity gains in 2026 suggest traders and investors are beginning to recognize what scarcity could be worth. The question is whether this is only the beginning.  Measured from their 2026 lows, the scale…

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Range trade persists against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang notes that USD/SGD has slipped into a short-term range phase after a sharp pullback, with intraday trading expected between 1.2735 and 1.2775. However, the 1–3 week outlook remains constructive, with the advance from late last week intact unless 1.2710 breaks, and upside levels at 1.2800 and 1.2835 still in focus. Dollar-Singapore range…

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