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Mar 15 - 05:55 AM

EUR/USD - Rally Is Chance For Traders To Unload Their Heavy Burden

By Jeremy Boulton  —  Mar 15 - 03:55 AM
  • EUR/USD rise suits traders who are betting on a rally

  • Traders have staked an unusually large amount on this outcome

  • Mid-February traders were long equivalent of $22 billion

  • Bets in excess of $25bln usually have a material impact on EUR/USD

  • The important factor is that many of those long are making money

  • Taking bigger profits in period of uncertainty should be an easy decision

  • Oil slide could underpin EUR/USD in the longer-term nL1N35N0II

Refinitiv IFR Research/Market Commentary


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