Is Netanyahu’s star waning in Washington? His latest meeting with Trump suggests it may be 
Gold Slips Below $4050 as Bond Yields Surge to 4.7% on Fed Inflation Concerns – Sell Rallies at $4060 Targeting $3940 
Gold Shines on Oil Relief: Buy Dips at $4160, Targeting $4305 as Bullish EMAs Dominate 
As dealers unwind dollar-centric trades, institutional placement in major currencies is being fundamentally realigned. The net-long exposure on the US Dollar fell by $12.5 billion down to $35.9 billion, making it the second-fastest weekly drop in six years. Funds forcefully grabbed gains and reduced crowded bullish USD holdings, therefore pushing bigger changes in key currency values as softening US economic indicators and changed Federal Reserve interest rate predictions prompted funds.
The Japanese Yen saw the sharpest reversal as a big short squeeze set off the fastest rate of short-covering among portfolio managers in ten years. Inspired by currency interventions from Japan's Ministry of Finance and Bank of Japan policy updates, speculators cut over 100,000 gross short contracts in a single week. Similar to this, European currencies took advantage of the USD sell-off; net-short wagers on both the Euro and British Pound eased off dramatically as funds closed out gloomy posture.
Among commodity currencies, the Canadian Dollar continues to be the market's main bearish target, as it holds near record multi-year short levels, with a net-short position of around -179.1k contracts, owing to economic underperformance relative to the United States. Conversely, sentiment around the New Zealand Dollar and the Australian Dollar is turning somewhat more favorable; big speculators added new long positions to AUD on Reserve Bank of Australia hawkishness and cut New Zealand Dollar net-short exposure in half by ongoing short-covering.
