Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bearish contrarian trading bias.
The Euro found some welcome backing from German inflation data indicating the wider Euro zone remains under inflationary pressure in hopes of a less dovish stance.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-bearish contrarian trading bias.
Bitcoin took out a noted resistance level late Thursday and continues to rally today, while a range of altcoins register double-digit percentage gains.