-
Hedge Funds Continue To Buy Back EUR Shorts
After an event filled week (global PMIs, ECB, US payrolls), Bank of America Merrill Lynch's clients continue to buy EUR and sell USD keeping the trend from last week. "The threat of negative rates is not deterring hedge funds or real money from buying EUR. As hedge funds are repurchasing EUR from oversold levels (76% remains), their buying could drive price action even further," BoA clarifies. "A similar EUR buying trend by CTAs is in the EUR bonds capture the largest inflows in the G10 this week. Although FX implications of bond flows are mixed, it highlights the demand for European assets," BoA adds. For JPY, BoA ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- May 7, 2013 6:57am May 7, 2013 6:57am
- Guest
- | IP XXX.XXX.10.9
- Comment #2
- Quote
- May 7, 2013 7:13am May 7, 2013 7:13am
- holmes
- | Joined Jun 2010 | Status: Member | 306 Comments
- Comment #3
- Quote
- May 7, 2013 7:22am May 7, 2013 7:22am
- Loadedgun
- | Membership Revoked | Joined Sep 2010 | 3678 Comments
- Comment #4
- Quote
- May 7, 2013 7:48am May 7, 2013 7:48am
- Grandhis
- | Joined Jul 2012 | Status: Member | 85 Comments
- Comment #5
- Quote
- May 7, 2013 9:45am May 7, 2013 9:45am
- harry23
- | Joined Apr 2012 | Status: Member | 189 Comments
- Comment #6
- Quote
- May 7, 2013 11:02am May 7, 2013 11:02am
- meje
- | Joined Aug 2008 | Status: Member | 2 Comments
- Comment #7
- Quote
- Edited 3:46pm May 7, 2013 2:44pm | Edited 3:46pm
- CoolJL
- | Joined May 2011 | Status: Member | 811 Comments