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Mar 26 - 08:55 AM

EUR/USD - Growing Chance Traders Tire Of Their Positions Weighing EUR/USD

By Jeremy Boulton  —  Mar 26 - 06:55 AM
  • Although reduced EUR/USD traders continue to bet on a rise

  • Bullish bets now $6.5 bln compared prior 10.1 bln

  • EUR/USD dropped 1.1047-1.0695 Jan 1 to Feb 14

  • Pair subsequently rose to 1.0980 then dropped to 1.0802 - last 1.0857

  • Volatility has sunk further suggesting less chance of bigger movement

  • An already quiet market is set to get quieter

  • Growing chance traders exit longs weighing EUR/USD

  • FX markets may react differently to BOJ intervention nL2N3G40OI

Source:
Refinitiv IFR Research/Market Commentary

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