Forex Institutional Positioning Update

From orbex.com

EURUSD Non-Commercials increased their net long positions in the Euro last week buying a further 3k contracts to take the total position to 11k contracts. EUR upside positioning has grown steadily over the last two weeks as the market aligns itself with the ECB which it announced it will reduce monthly asset purchases by 15 billion EUR as of this month. At its latest meeting, the ECB cut QE as expected and signaled that it will cease QE by year end so long as data confirms the bank’s medium-term inflation outlook, with rates due to stay at current levels until at least summer 2019. While the announcement was ... (full story)