News Headline Summary
Scotiabank writes: The net EUR position has shifted to net long for the first time since August 2011; however the shift did not come from a pairing in short positions but instead from a building in longs...
...Suggesting that the EUR market is relatively balanced.
JPY is now the only currency held net short against the USD; however the net position decreased week‐over‐week to USD 11.6bln. Considering how bearish sentiment has become it is surprising to see that the long:short ratio is 1:4, with longs even adding to positions w/w.
04 Jan 2013 - 21:15
Subscribe Now to
Click here for a 1 week free trial
provides audio news and commentary for over 15,000
professional traders and brokers worldwide. Services include:
Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
Teams of analysts covering equities, fixed income, FX, energy, and metals markets
Real-time scrolling news service with instant analysis
Daily and weekly pre-market research and calendars
Video updates covering near-term key risk events & primary trading themes
One-to-one chat with our expert analysts