STRENGHT IS LIFE ,WEAKNESS IS DEATH - SWAMI VIVEKANANDA
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Yen Bears Press while Canadian Bulls Charge
It may prove to be among the largest weekly adjustments to speculative positioning in the currency futures this year. In the CFTC reporting week ending July 11, speculators added 34.2k contracts to their gross short position, lifting it to 152.9k contracts. This gross short position is the largest in two years. The gross long position was trimmed by almost 3k contracts to 40.8k. The net short speculative position jumped to 112.1k contracts from 75k in the previous week. The bearishness toward the yen was matched by the bullish sentiment toward the other currency futures. Speculators reduced gross short positions in ... (full story)