Home CFTC report: EUR net shorts gathered further traction
FXStreet News

CFTC report: EUR net shorts gathered further traction

These are the main highlights of the CFTC report for the week ended on March 5.

 

  • Investors added further contracts to their EUR net shorts, extending the build observed since the start of the year to levels last recorded in mid-December 2016, coincident at the same time with the drop in EUR/USD from January peaks beyond 1.1500 the figure.
  • Regarding the greenback, net longs climbed to multi-week highs backed by the recent upbeat results from the US docket and diminishing speculations over a ‘no-hike’ by the Federal Reserve this year, somehow reverting the sentiment that prevailed in late December/early start of 2019.
  • GBP net shorts decreased to 4-week lows reflecting yet some optimism around the Brexit negotiations and the likelihood of a deal.

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.