Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Sep 19 - 03:55 AM

EUR/USD - Traders Are In A Terrible Position

By Jeremy Boulton  —  Sep 19 - 02:35 AM
  • EUR/USD below parity after falling circa 2300 points, Fed set to hike

  • Speculators have been reluctant sellers throughout this entire decline

  • After the ECB on Sep 8 they pared 87% their short positions

  • EUR/USD rallied to 1.0198 then dropped

  • Sep 8 low at 0.9931 is a potential trigger point for downside acceleration

  • There are basically no shorts to restrain the bearish trend

  • During eurozone crisis when parity was threatened shorts reached 30 billion

  • Parity has broken during another damaging situation yet almost no sellers

  • The eurozone trade deficit swings from large surplus to EUR 40 bln deficit




Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!