- Analytics
- News and Tools
- Market News
- How far recovery of USD has to run depends on how large share of trend followers was – Commerzbank
How far recovery of USD has to run depends on how large share of trend followers was – Commerzbank
EURUSD is back below 1.03, USD Index (DXY) above 107 – The US Dollar is recovering. The extension of the recovery hinges on how large the share of trend followers was in the USD trend, economists at Commerzbank report.
EURUSD’s trend ended around 1.04
“All those who had only jumped on the bandwagon of the major slide in USD over the past two weeks because they were following the trend usually give up their USD positions as soon as the trend ends (which it did at EURUSD levels around 1.04 last week).”
“How far this recovery of the US currency has to run will depend on how large the share of these trend followers was in the USD trend.”
“Please, dear readers, so not expect that as an analyst looking at fundamental reasons, I would be able to give even a half-way reliable estimate of this share. To be able to do that I would need data that is not available: data on who had previously entered USD sales and for what reasons.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
