The CFTC Report- Euro Bullish Sentiment at Fresh Peak | IFCM India
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The CFTC Report- Euro Bullish Sentiment at Fresh Peak

10/3/2014
The latest report by Commodity Futures Trading Commission (CFTC) covering data up to March 4th shows that the bullish sentiment strengthens towards the Euro as well as net long increases with the GBP. In addition the Swiss Franc bullish bias is being built for one more week. At the same time the negative bias narrowed with the Japanese Yen to $9.7 billion, also the Canadian Dollar negative sentiment moderated by $0.65 billion. Lastly, the bearish sentiment is further built towards the Australian Dollar, with net short position increasing to $3.7 billion.


The Euro had the biggest weekly change for one more week. The net long position increased to $4.03 billion, that took place until March 4th which is earlier than the European Central Bank monetary meeting. Thus, we would most likely see further building of the bullish sentiment on the common currency. The British Pound no longer maintains largest net long position among major currencies; the Euro takes now the lead. However, for another week, the British Pound has the largest Long/Short ratio.


Traders have covered somewhat their short positions on the Japanese Yen and the Canadian Dollar. The Japanese Yen short covering was triggered by increased geopolitical risk due to Ukraine crisis, while Canadian bearish sentiment moderation is most likely influenced by higher energy prices.

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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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