Given the massive risk-off sentiment at the start of this week, this sentiment snapshot provides some perspective on recent moves but from a contrarian viewpoint
Source
Retail Sentiment Snapshot: Gold, Oil, and USD/CHF Positioning Analysed
access_timeNovember 14, 2024
Latest:
- People’s Bank of China has more work to do to support the yuan
- European Central Bank President Lagarde and VP de Guindos speaking Thursday, Schnabel too
- GBP traders heads up – Bank of England Governor Bailey is speaking late Thursday
- PBOC sets USD/ CNY reference rate for today at 7.1966 (vs. estimate at 7.2326)
- PBOC is expected to set the USD/CNY reference rate at 7.2326 – Reuters estimate
- RBA Bullock says rates are restrictive enough, staying there until confident on inflation
- USD/JPY above 155 – Citi wary of intervention risk
- Investment bank bullish on Fed rate cuts; inflation concerns linger
- USD/CAD at 1.4, highest since 2020
- Gold reverses lower. On pace for the 4th day in a row lower
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