The latest Commitment of Traders reports covers the week through April 17. It shows that the net short positions in the euro, yen and sterling futures grew, while the net long Canadian and Australian dollar and Mexican peso futures positions were trimmed. There does appear to have been a shift in market sentiment as the second quarter gets under way. The European debt crisis is threatening to re-emerge and Spanish credit default swaps made a new high at the end of last week. European bank shares appear to be leading the correction of European equities. While the real test of the underlying improvement in the US labor ... (full story)