These are the main highlights of the CFTC Positioning Report for the week ended on May 12th: Speculators kept adding gross shorts to their already negative positioning in the sterling for the fourth consecutive week, pushing net shorts to the highest level since early December 2019. Uncertainty around the impact of the coronavirus on the UK economy, UK-EU trade jitters in combination with Brexit woes and prospects of further easing by the Bank of England have been sustaining the sour sentiment around the quid during past weeks. EUR net longs climbed to 2-week highs on the back of positive headlines regarding the re-opening of some economies in the euro area as well as ebbing concerns on the advance of the COVID-19 in the region. In addition, the solid position of the region’s current account keeps acting as a decent contention for occasional bearish moves. Net longs in the dollar also clinched multi-week highs bolstered by bouts of risk aversion and despite the huge stimulus programme currently running in the US economy. 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 EUR/GBP: Base finally established above 0.8861/65 – Credit Suisse FX Street 2 years These are the main highlights of the CFTC Positioning Report for the week ended on May 12th: Speculators kept adding gross shorts to their already negative positioning in the sterling for the fourth consecutive week, pushing net shorts to the highest level since early December 2019. Uncertainty around the impact of the coronavirus on the UK economy, UK-EU trade jitters in combination with Brexit woes and prospects of further easing by the Bank of England have been sustaining the sour sentiment around the quid during past weeks. EUR net longs climbed to 2-week highs on the back of positive headlines… 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.
