The COT Report has already printed a plateau in open interest and may exhibit a turn around based on extreme positioning of traders to one side.
From Desktop
Source: www.forexlive.com
The COT Report has already printed a plateau in open interest and may exhibit a turn around based on extreme positioning of traders to one side.
From Desktop

The various finance ministries are giving background briefings in the run-up to the G7 meeting this weekend. A US Treasury official is on the wires saying the world can’t rely on the US consumer to fuel a recovery. The world is not out of crisis yet and there is still much work to be done....
No surprise here: the president of the Bundesbank says that the ECB will absorb the excess liquidity it has created quickly, saying the measures that bank used allow for easy reversal. He does see some signs that the intensity of the downturn is subsiding though the crisis will put strain on global...
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I had heard of some large bids at 97.25 in USD/JPY and that was the overnight low, seemingly confirming the chatter. The market is currently trading 97.33/35 and there is only a total of about 100 mio on the bid down to 97.21 and that is with Tokyo up and running. Maybe the rumoured bids...
EURUSD’s bearish movement extends further to as low as 1.2144 level. Deeper decline is still possible later today and next target would be...