FCOJ futures were lower, trends are mixed on the daily charts but could be turning down.

GBP/USD consolidates during the North American session after last Friday’s dovish tilt by the Federal Reserve Chair Jerome Powell, who said that risks to the labor markets are rising, an indication that monetary policy is cooling the jobs market.

This weekly Extreme Positions report highlights the Most Bullish and Most Bearish Positions for the speculator category. Extreme positioning in these markets can foreshadow strong moves in the underlying market.

Looking at the 10-Year Note, rates came down a bit but remain the range is laid out 9 months ago.