The New Zealand dollar has edged higher against the US Dollar, reaching near 0.5800, as US manufacturing data disappoints. The EUR\/USD pair is building momentum beyond the 1.1735 region, and USD\/CAD remains steady near 1.3750, affected by oil prices.<\/p>\n
Gold is positioned to capitalise further with the potential for US Federal Reserve interest rate cuts. Sui has extended its rally with bullish indicators and is targeting resistance at $2.34.<\/p>\n
Ripple’s price has increased above $2.13, benefiting from ETF inflows and derivatives demand. This rise in Ripple reflects steady interest in risk assets across the cryptocurrency market, despite ongoing geopolitical tensions.<\/p>\n
The massive surge in net long oil positions, from 64.9K to 646K, is an extremely strong bullish signal from large speculators. This suggests that the smart money is overwhelmingly betting on a significant rise in oil prices in the near future. With WTI crude currently trading over $95 a barrel, this positioning indicates a belief that prices have much further to climb, especially after OPEC+ extended production cuts through the second quarter.<\/p>\n
Given this powerful sentiment, we should consider establishing or adding to long positions in crude oil derivatives. Buying call options on WTI or Brent futures could be an effective way to capitalize on expected upside while defining risk. For those with a higher risk tolerance, trading the futures contracts directly offers more leverage to this clear trend.<\/p>\n
This outlook is supported by a weakening U.S. dollar, which is struggling to hold the 98.00 level on the DXY index. Looking back, this is a significant drop from the 104 level seen in early 2024, driven by expectations of Federal Reserve rate cuts. With December 2025 inflation coming in below forecasts at 2.8%, the market is now pricing in a high probability of a rate cut by March.<\/p>\n
Consequently, we should look at opportunities to short the U.S. dollar against other major currencies. The EUR\/USD pair is already building momentum beyond the 1.1735 level, suggesting a continuation of the anti-dollar trend. Selling USD puts or buying EUR calls could be a prudent strategy to ride this momentum.<\/p>\n
The Canadian dollar also warrants close attention, as it is heavily influenced by oil prices. Despite recent steadiness around 1.3750 against the U.S. dollar, the enormous bullish positioning in oil suggests the Canadian dollar is likely to strengthen significantly. We should anticipate a downward move in the USD\/CAD pair in the coming weeks.<\/p>\n
Finally, we must remember the chaotic market environment we experienced throughout 2025. A key risk factor on the horizon is the upcoming Supreme Court ruling on presidential tariff powers, which could inject major volatility into the market. This backdrop makes options strategies that benefit from price swings, not just direction, an attractive component of any trading plan.<\/p>\n
Create your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" CFTC reports surge in oil positions; USD weakens, while AUD, NZD, and Ripple gain on market shifts.<\/p>\n","protected":false},"author":62,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-38329","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/38329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=38329"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/38329\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=38329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=38329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=38329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}