EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 2k contracts to take the total position to 34k contracts. EUR long positioning continues to be steadily reduced as the market digests the ECB’s announcement at its last meeting that it will be winding down QE by year end but plans to keep rates unchanged ...

2018-07-09 James Harte Read more

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
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
EUR Longs are Slashed Ahead of ECB

EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 21k contracts to take the total position to 131k contracts. This sharp reduction in EUR upside positioning came ahead of the ECB’s April meeting and reflected the cautious view of the market in response to recent data softening in the eurozone. As expec...

2018-04-30 James Harte Read more
EUR Longs Move To Fresh Record Highs

EURUSD Non-Commercials increased their net long positions in the Euro last week buying a further 4k contracts to take the total position to 152k contracts. This latest growth in upside exposure brings EUR long positioning to fresh record highs as traders position themselves in anticipation of the ECB normalising monetary policy. Accordingly...

2018-04-24 James Harte Read more
GBP Longs Rise Ahead of BOE

EURUSD Non-Commercials increased their net long positions in the Euro last week buying a further 13k contracts to take the total position to 146k contracts. Investors have been steadily adding to their long exposure in the Euro as the market anticipates that the ECB will remove accommodative monetary policy at a faster pace than is currentl...

2018-03-23 James Harte Read more
GBP Longs Rise Ahead of BOE

EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 5k contracts to take the total position to 133k contracts. This latest bout of short covering came just ahead of the March ECB meeting where investors we mixed as to whether the bank would deliver the hawkish message that bulls have been looking for. Dragh...

2018-03-23 James Harte Read more