Market News notes that judging from the CFTC Commitment of Traders report, most speculators are getting ever-shorter the euro and yen, but plenty of foreign exchange traders remain sidelined or the wrong way, implying that not everyone has jumped on this bandwagon yet. As of Aug 19, spec increased euro shorts from 19,427 contracts to 20,364. This is minor compared to big-move levels like 75,000-100,000 future contracts. It’s bigger in the yen, where shorts increased from 13,249 contracts to 23,138 contracts.
Bye for now
Barbara Rockefeller
Buy Euros before Ireland Defaults?
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The IMF may well be running Ireland by February, ifthe Irish budget "fails
to convince the financial markets," warns economist Colm McCarthy in an Irish
In...
13 years ago
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