EUR longs leave it vulnerable near term, economists at Société Générale report. CFTC suggest the market is still short USD Overall speculative traders
CFTC suggest the market is still short USD
EUR/USD positions are clearly still long EUR. Given that the longs are facing adverse rate trends, domestic and international growth concerns, the threat of capitulation dragging EUR/USD closer to parity can’t be ignored. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD continues to trade higher around 1.0730, US CPI, ECB decision eyedEUR/USD extends the previous session’s gains, trading higher around 1.0730 during the early hours of the European session on Monday. The pair is exper
Read more »
EUR/USD Forecast: Bears on pause but still in controlThe US Dollar started the week with a softer tone, as optimistic Asian news boosted the sentiment. The EUR/USD pair peaked during European trading ho
Read more »
EUR/USD Price Analysis: Trades inside neutral triangle ahead of US inflation reportThe EUR/USD pair managed to defend the round-level support of 1.0700 on Monday. The major currency pair broadly struggles for a decisive move as inves
Read more »
EUR/USD rises above 1.0740 area amid USD weaknessAt the start of the week, the EUR/USD soared towards the 1.0755 area, seeing more than 0.50% gains and then settled near 1.0745. On the one hand, the
Read more »
EUR/USD Forecast: Euro with scope to extend recoveryThe EUR/USD recovered from three-month lows and rose to the 1.0760 area, reaching the highest level in six days. The upward move was driven by a weake
Read more »
EUR/USD remains on the defensive below mid-1.0700s, looks to German ZEW surveyThe EUR/USD pair struggles to capitalize on the overnight strong move up to a four-day high and trades with a mild negative bias during the Asian sess
Read more »