These are the main highlights of the CFTC Positioning Report for the week ended on April 7th: Net longs in the sterling dropped to the lowest level in almost two years, as investors faded the rally observed in late March. Furthermore, the coronavirus outbreak picked up pace in the UK, forcing market participants to revise down initial growth prospects as well as the potential impact on the economy Speculative net longs in EUR remained in levels last seen in June 2018, as Italy and Spain appear to have left behind the worst of the COVID-19 pandemic. In addition, speculators kept unchanged the optimism ahead of the Eurogroup meeting (and eventual agreement). Crude Oil net longs climbed to the highest level since January 21st on the back of rising hopes of an output cut deal between the OPEC+ and several oil producers. The extreme oversold conditions of the market could have also played a role in the rebound. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Fed’s Bostic: Recovery should be much more robust than from a usual recession FX Street 2 years These are the main highlights of the CFTC Positioning Report for the week ended on April 7th: Net longs in the sterling dropped to the lowest level in almost two years, as investors faded the rally observed in late March. Furthermore, the coronavirus outbreak picked up pace in the UK, forcing market participants to revise down initial growth prospects as well as the potential impact on the economy Speculative net longs in EUR remained in levels last seen in June 2018, as Italy and Spain appear to have left behind the worst of the COVID-19 pandemic. In addition, speculators kept… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
