EURUSD Non-Commercials increased their net short positions in the Euro last week selling a further 3k contracts to take the total position to -5k contracts. EUR has now spent its second consecutive week below the line in terms of positioning with investors having heavily adjusted their view on the single currency following the ECB’s July me...

2018-08-27 James Harte Read more

EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 3k contracts to take the total position to 21k contracts. EUR Has been under steady selling pressure over recent weeks as political turmoil in the eurozone, the ongoing trade dispute with the US and a more dovish tone from the ECB have swayed investor sent...

2018-07-23 James Harte Read more
fx cot update brexit

EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 12k contracts to take the total position to 24k contracts. The record EUR long position that built up over Q1 in anticipation of ECB monetary policy tightening has now been slashed by around 80% as the market adjusts to the ECB’s shifting stance. While the...

2018-07-16 James Harte Read more
fx cot update brexit

EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 52k contracts to take the total position to 36k contracts. This massive reduction in upside exposure comes in the wake of the ECB’s June meeting where the central bank delivered a blow to EUR bulls by saying that rates will stay at current levels at least ...

2018-06-25 James Harte Read more
fx cot update brexit

EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 1k contracts to take the total position to 88k contracts. This latest position adjustment reflected light position covering ahead of the June ECB meeting where the central bank kept policy unchanged as expected. EUR bulls were left disappointed however, as...

2018-06-18 James Harte Read more
fx cot update

EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 17k contracts to take the total position to 93k contracts. EUR upside positioning has now been reduced by around a third over the last month as traders react to the shifting environment in the Eurozone. A more cautious and dovish tone from the ECB, acknowl...

2018-06-04 James Harte Read more
Dovish BOJ JPY Investors Turn Net Short

EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 5k contracts to take the total position to 110k contracts. EUR has been consecutively net sold now for almost two months as the market continues to pare back upside risk in response to a more dovish sounding ECB. With data having moderated recently, the EC...

2018-05-28 James Harte Read more
JPY Positioning Turns Net Long Again

EURUSD Non-Commercials reduced their net long positions in the Euro last week, selling 5k contracts to take the total position to 115k contracts. EUR upside has now been net sold for each week over the last month as the market reacts to a downturn in eurozone economic data and a more cautious tone by the ECB subsequently. Speaking at the ba...

2018-05-21 James Harte Read more
What is Driving EURUSD

Italian Elections Fail to Produce a Majority The Italian elections over the weekend failed to provide any major catalyst for a directional move in the Euro despite a couple of key surprises. The two anti-establishment parties performed much better than was expected judged by the latest polling results heading into the elections. However, no par...

2018-03-23 James Harte Read more