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FX COT Update: EUR Shorts Near Neutral Levels
Non-Commercials reduced their net short positions in the EUR last week buying a fucker 12k contracts to take the total position to -8k. This latest adjustment means EUR short positions are now at their lightest levels in four years. Traders have been steadily unwinding long held short positions as hawkish ECB expectations have grown stronger over recent months. At their last meeting, ECB chief Draghi declared victory against deflation and sounded upbeat regarding the economy. Markets have quickly moved to price in a rate hike by next year, fuelling the aggressive level of short squaring seen. The latest data print ... (full story)
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- Apr 3, 2017 7:13am Apr 3, 2017 7:13am
- rosssurf
- | Joined Nov 2007 | Status: Guitarist, Surfboard maker...trader | 6 Comments
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- caledonia
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- Apr 3, 2017 10:52am Apr 3, 2017 10:52am
- fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
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- JamesHarte
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