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Oct 10 - 04:55 AM

EUR/USD - Traders Are Making A Bad Situation Worse

By Jeremy Boulton  —  Oct 10 - 02:35 AM
  • Since Sep 13 EUR/USD traders have established bets pair rises

  • Traders were long $1.5bln Sep 13 - were short $4bln week ending Sep 23

  • EUR/USD dropped from 1.0198 to 0.9528 between Sep 12-26

  • Traders betting on a rally were losing

  • Pair then bounced to 0.9999, traders added to longs - $5.4bln by Oct 7

  • EUR/USD slumped to 0.9727 after NFPs and 0.9717 EBS today

  • Most traders probably losing, some are losing on larger bets


Source:
Refinitiv IFR Research/Market Commentary

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