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Sep 17 - 04:55 AM

EUR/USD - Have EUR/USD Traders Got Very Excited About Nothing?

By Jeremy Boulton  —  Sep 17 - 02:40 AM
  • Since June Fed EUR/USD traders have slashed net bets on EUR/USD rising

  • Traders have established a big short position ahead Sep 22 Fed

  • Week ending Jun 18 after Fed's hawkish surprise EUR/USD ended 1.1847

  • This week EUR/USD opened 1.1846, last 1.1770 after yest's 1.1751 low

  • Option vol has dropped to its lowest since early Fed 2020, pre turmoil

  • In Aug EUR/USD met the minimum correction target for its 2020-2021 rise

  • Aside from sweeping changes in betting, very little has changed

  • FX traders' first move after Fed may be to re-establish bets nL1N2QI0QL


EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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