The CFTC Report- Euro Bullish Sentiment Returns | IFCM UAE
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The CFTC Report- Euro Bullish Sentiment Returns

24/2/2014
The latest report by Commodity Futures Trading Commission (CFTC) covering data up to Feb.18 shows that bullish sentiment is turning towards European major currencies like the Euro and the GBP but not the Swiss franc. At the same time the negative bias increases slightly with the CAD, the CHF and the Japanese Yen. The Australian dollar net short position moderated somewhat to $4.01 billion.


The Euro had the biggest weekly change, returning to net long position amounting of $1.47 billion, though that does not mean anything since the Euro has been changing sides every week in the last months. The British pound has gradually built the largest net long position amounting of $2.32 billion while the Japanese Yen maintains the largest net short.


Traders have covered somewhat their short positions on the Australian dollar with the longer term trend still negative. The Japanese Yen bearish bias is not convincing due to small negative weekly changes as well as directionless USDJPY pair. The Canadian bearish sentiment strengthened by $0.72 billion with the exchange rate trend also negative and that increases chances for continuation of current circumstances.

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Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.


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