{"id":39480,"date":"2013-06-30T15:56:29","date_gmt":"2013-06-30T19:56:29","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=39480"},"modified":"2013-06-30T16:00:18","modified_gmt":"2013-06-30T20:00:18","slug":"forex-weekly-usd-gained-on-majors-for-2nd-straight-week-last-week","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/06\/30\/forex-weekly-usd-gained-on-majors-for-2nd-straight-week-last-week\/","title":{"rendered":"Forex Weekly: USD gained on Majors for 2nd straight week last week"},"content":{"rendered":"

Forex Outlook: US Dollar gained last week vs Major Currencies, Non-Farm Payrolls Report Highlights this week’s trading<\/h3>\n

\"eurusd-w6-28\"<\/a><\/p>\n

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The US dollar advanced versus all the major currencies last week and rose higher against most of them for a second straight week as market traders continued to position themselves for the potential unwinding of the US Federal reserves quantitative easing program. This week has some very big fundamental events to watch for with the highlight being the US Non-Farm Payrolls Employment<\/strong> data on Friday.<\/p>\n

There are also interest rate decisions out of Australia, the United Kingdom and the Eurozone to look out for as well as some manufacturing data out of the US and China and other 2nd tier releases. See more currency pair comments and economic event highlights below.<\/p>\n

Read more Currency Pair Commentary Here….<\/a><\/span><\/p>\n

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Large Currency Speculators trimmed US Dollar bullish bets last week for 4th straight week<\/h3>\n
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\"cot-values\"<\/a><\/p>\n

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The weekly Commitments of Traders (COT) report, released on Friday by the Commodity Futures Trading Commission (CFTC), showed that large futures traders and speculators decreased their total bullish bets of the US dollar last week for a fourth consecutive week.<\/p>\n

Non-commercial large futures traders, including hedge funds and large International Monetary Market speculators, trimmed their overall US dollar long positions to a total of $13.28 billion as of Tuesday June 25th. This was a decline from the total long position of $14.55 Billion registered on June 18th, according to position calculations by Reuters that derives this total by the amount of US dollar positions against the combined positions of euro, British pound, Japanese yen, Australian dollar, Canadian dollar and the Swiss franc.<\/p>\n

USD net long positions are at their lowest level since February 19th when bullish positions equaled $1.481 billion, according to Reuters data calculations.<\/p>\n

See full COT Report & Charts here…<\/span><\/a><\/p>\n

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\u00a0Highlights of Fundamental Economic Events Next Week<\/strong><\/h3>\n

Sunday, June 30<\/strong><\/p>\n

China \u2014 leading index
\nJapan \u2014 Tankan manufacturing data
\nAustralia \u2014 manufacturing index<\/p>\n

Monday, July 1<\/strong><\/p>\n

China \u2014 manufacturing PMI
\neuro zone \u2014 consumer price index
\nUnited States \u2014 ISM manufacturing data
\neuro zone \u2014 purchasing managers index
\nUnited Kingdom \u2014 purchasing managers index<\/p>\n

Tuesday, July 2<\/strong><\/p>\n

Australia \u2014 interest rate decision<\/strong><\/em>
\neuro zone \u2014 producer price index
\nUnited States \u2014 factory orders data<\/p>\n

Wednesday, July 3<\/strong><\/p>\n

China \u2014 non-manufacturing PMI
\nAustralia \u2014 retail sales data
\nAustralia \u2014 trade balance
\nUnited States \u2014 ADP employment data
\neuro zone \u2014 retail sales
\nUnited States \u2014 weekly jobless claims
\nUnited States \u2014 trade balance
\nUnited States \u2014 ISM non-manufacturing<\/p>\n

Thursday, July 4 \u2013 *American Holiday
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United Kingdom \u2014 BOE interest rate decision<\/strong><\/em>
\neuro zone \u2014 ECB interest rate decision<\/strong><\/em><\/p>\n

Friday, July 5<\/strong><\/p>\n

Japan \u2014 leading index
\nSwitzerland \u2014 consumer price index
\nUnited States \u2014 non-farm payroll report<\/strong><\/em>
\nCanada \u2014 employment change report<\/strong><\/em>
\nCanada \u2014 Ivey purchasing managers index<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Forex Outlook: US Dollar gained last week vs Major Currencies, Non-Farm Payrolls Report Highlights this week’s trading The US dollar advanced versus all the major currencies last week and rose higher against most of them for a second straight week as market traders continued to position themselves for the potential unwinding of the US Federal … <\/p>\n

Continue reading “Forex Weekly: USD gained on Majors for 2nd straight week last week”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-39480","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/39480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=39480"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/39480\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=39480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=39480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=39480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}