When the Joker is in the deck.. fear not and play it well
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CFTC FX Positioning Update: Not What You Think
The latest Commitment of Traders report from the CFTC covers the week ending March 20. Among the major currency futures, there was dramatic reduction of net short speculative positions. To appreciate how this was achieved is only possible by disaggregating the data. The net speculative euro short position was cut to about 83k contracts from 99.3k the previous week. This is the smallest net short position since the end of February. In the previous week there was a decline of net short euro contracts roughly of the same magnitude. This was almost solely the function of shorts getting out. However, this week the ... (full story)