AUD: Big hedge funds selling again in overnight trade


By: Sean Lee

This in itself is no surprise because some of the big macro funds have been consistently selling AUD/USD over the last few months. What is somewhat surprising is that they are increasing risk ahead of a major risk event (my sources tell me that these are increased short positions and not reduced longs). Looks like they are getting more confident that a rate cut is coming!

The RBA announcement is at 04:30 GMT with trade data 3 hours earlier.

Feed news

Latest Forex News


Latest Forex News

Editors’ Picks

EUR/USD falls toward 1.19 after robust US Nonfarm Payrolls data

EUR/USD is trading above 1.19 after dipping below that number in response to the US Nonfarm Payrolls, which showed an increase of 379K jobs in February. Higher yields in response to Powell are keeping the dollar bid.

EUR/USD News

GBP/USD recovers after post-NFP dip below 1.38

GBP/USD is trading above 1.38 bus till down the day. The US gained 379,000 jobs in February, roughly double than expected and supporting the dollar. The Senate's stimulus debate is eyed.

GBP/USD News

XAU/USD remains depressed near multi-month lows on stellar NFP

Gold edge lower during the early North American session and dropped to fresh nine-month lows, below the $1690 level in reaction to an upbeat US jobs report.

Gold News

Cardano ready to resume uptrend towards $2

Cardano price shows signs of a reversal after a 30% correction. The Tom DeMark Sequential indicator’s buy signal on the 4-hour and the 12-hour chart hints at a continuation of the bull rally.

Read more

US Dollar Index pushes higher to 92.20 on stellar Payrolls

The march north in the greenback remains unabated and trade in fresh 2021 highs beyond the 92.00 hurdle when tracked by the US Dollar Index (DXY).

US Dollar Index News

Forex MAJORS

Cryptocurrencies

Signatures