FX COT Update: USD Longs Increase First Time In A Month

From orbex.com

Non-Commercials decreased their net long positions in the Euro last week by 34k contracts to take the total position down to 44k contracts. The single currency has now been net-buying has reduced for the first time after eight consecutive weeks of increases, reflecting an acute shift in sentiment on behalf of institutional investors. Consistently strong data, growing hawkish ECB expectations and diminished political risk have all contributed stronger demand for the currency. Focus this week will be on the second round of the French elections with centrist candidate Macron widely expected to gain the Presidency. Other ... (full story)