OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: GBP Positioning Shifts to Net Short - Nomura

Looking at last weeks IMM data, Nomura Strategists note that net long positions in the Euro decreased substantially last week, after four straight weeks of buying, as comments from policymakers including Draghi brought attention to growth concerns stemming from EUR strength.

They write, “Our real-time estimates suggest that overall long positioning has continued to decrease, though only marginally, since the IMM data. The JPY continued to see net shorts, though they were pared back somewhat for the second consecutive week. The notable shift came in the GBP where positioning continued to turn bearish, and last week’s $1.8bn net selling led to the overall spec position for GBP going into negative territory for the first time since September.”

Forex Flash: EUR/USD find support at EZ grits teeth - OCBC Bank

Emmanuel Ng of OCBC Bank notes that while the Eurozone economy is not expected to dramatically outperform any time soon, he feels that the lack of official discomfort towards its elevated levels may find the pair finding partial support.
Read more Previous

Forex: EUR/USD in sharp rally little after EMU data

Pressured on the European opening to as low as 1.3322, the EUR/USD is surprising everyone with a quick and sharp rally from below 1.3340 to as 1.3380, for now. Extreme volatility in a day with an empty calendar and the US and Canada off on holidays.
Read more Next
Start livechat