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COT update: Silver surges without speculator backing as FX focus shifts to yen
In forex, the aggregate dollar position versus eight IMM futures ended the reporting week essentially flat, after speculators responded to the USD-EU standoff over Greenland by selling 21k euro contracts, equivalent to USD 3.1 billion. Later in the week, Trump’s TACO saw the euro recover strongly, before the attention turned to Friday’s sharp move in the yen. The yen strengthened markedly after both the Bank of Japan and, later in the day, the Federal Reserve contacted bank trading desks requesting prices — a development that in the past has been viewed as a potential precursor to intervention. Ahead of ... (full story)
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quintaviousK
Jan 26, 2026 4:08pm
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From gold.org | Jan 26, 2026
Last week was all about geopolitical tension over Greenland, which eased post Davos negotiations. US economic data signaled a healthy backdrop despite elevated inflation. Europe saw steady activity, Japan held rates but with a tightening bias, China’s recovery remained uneven. Global stock markets closed the week lower, while Treasury yields rose slightly, ...
