Recent content by CashBackForex

CFTC Commitments of Traders (COT) Report 05 November 2013, published 08 October 2013, Technical Analysis. For the first time in nine weeks, spec long positions in the USD has increased. The total USD long is now up to 93,646 contracts, compared to only 12,746 contracts last week. Shorts...

CFTC Commitments of Traders (COT) Report 03 September, published 06 September 2013, Technical Analysis. For the past three weeks the currency specs had been reducing their USD longs. This changed this past week when they increased their USD long to 304,975 contracts, up from last week's...

Today, Thursday 25 July, we get the UK GDP Quarterly and the yearly numbers. It is expected the GDP grew in the last quarter at 0.6% up from the previous estimate of 0.3%. For the yearly comparison, the estimate is up 1.4%, an improvement from the previous increase of 0.3%. If these...

Specs were again sellers of other currencies versus the USD. The total net USD long position has grown to 431.8K contracts, up from 412.2 contracts last week and 222.8K contracts in the last four weeks. The biggest long USD position is against a short yen, followed by short A$, and then the...

CFTC Commitments of Traders (COT) Report 18 June, published 21 June 2013, Technical Analysis. Speculators continued their massive selling of the USD, as they cover their shorts in the euro, pound, SF, the DI and the yen. Last week, the total long the USD and short another currency was 414.4K...

CFTC Commitments of Traders (COT) Report 16 April, published 19 April 2013 - Technical Analysis. There was aggressive buying in the Euro during the latest period. We suspected the run up to the 1.32 level on the 16th of April was short-covering, and the market has subsequently reversed. The...

Don't worry, as long as you have submitted an application for an Excel account, let Cash Back know what happened and they will straighten it out for you. I'm sure you won't have any issues, but if you do mention Jason said you get the FPA rate and ask him if they have any questions.

Westerners may not be too familiar with ANZ bank, but it is a massive bank in the East with hundreds of locations and did not have the issues and bailouts European and US banks had. That said, just like with any bank if the bank goes bust and the government does nothing to save it, yes, your...

Yes, anyone may take part in the trading contest and avail of the prizes :) There will be a US regulated version of Excel Markets to go along with the US regulated version of Cash Back, we expect it to release sometime next month.

Thanks for your inquiry. Segregated client funds are held at ANZ bank, New Zealand. The bank is under a legal agreement (Form 1) with GBL that ensures neither the bank nor any creditor has legal claim to any client funds for any reason, based on the regulatory requirements of New Zealand. The...

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CFTC Commitments of Traders (COT) Report, published Friday 22 February 2013*. Speculators' aggregate net position, in the eight futures contracts we cover, flipped to the long side of the USD in the latest period. In the prior report, the specs net position was 31,704 contracts short. The...

USDJPY. After the rocket move of the yen from 80 to 94, the result of PM Abe's claim deflation will be defeated, a result of the anticipated yen supply. At the suggestion of the G20, he has toned down his rhetoric about the high yen value, and has backed away from his threat to buy foreign...

There are two other reasons why I doubt the Fed can see the light at the end of the tunnel that illuminates a recovery. Of primary importance is the rapidly escalating cost of energy. While the Fed's monetary expansion aids the investment bankers who then allocate monies to various asset...

CFTC Commitments of Traders (COT) Report, published 15 February 2013 - Technical Analysis. There was about a 58K contract reduction in the combined net short position in the USD. The biggest reduction was in the Australian Dollar where the reduction was almost 40K contracts. Specs remain long...