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March 22nd 2020 - Institutional 🏦 Positions & Supply/Demand for Gold, Oil and the FOREX market

Based on the Commitments of Traders data reported on: March 17th 2020

📊 In the Markets: There are a lot of things taking place right now in the world and these markets. The markets reveal many things about the central banks that we wouldn’t know if we didn’t study their positions and movements as closely as we do. For instance, over the past few weeks we’ve noticed how the banks were reducing their exposure on the dollar in terms of futures contracts and then recently we’ve seen them reduce their long contract positions as their expiries were coming due. Now we’ve detailed our conclusions based on our analysis of what has been taking place in the world recently in the #dollar portion of this

report. What is for certain is that there were many moves taking place before the #coronavirus news became a thing in North America.

Let’s take a look at the #audusd as another example, recently we spoke about the need for the banks to offload their massive short contracts and what better way than to use interest rates being slashed to facilitate this. Remember, we are dealing with futures contracts here so it wouldn’t be difficult to offload those contracts as there was plenty of need for them at the time. At the same time, the banks shorted the #aussie currency against the dollar which helped drop price aggressively right into some heavy demand at which point when the banks begin to close off their short currency trades it will spark a rally that will totally catch retail short future contracts off guard.

This full report has taken into consideration some valuable information we’ve received from our sources combined with our analysis of the positions alongside with the markets dynamics.

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