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May 22 - 04:55 AM

EUR/USD - REFILE-BUZZ-Extreme EUR/USD Traders Have Gone To Is Disturbing

By Jeremy Boulton  —  May 22 - 02:40 AM

Added chart

  • EUR/USD traders have established a huge $25.4 bet on pair rising

  • Recently traders still buying while the pair is falling

  • Last week's 1.0760 EBS low was the lowest since March 27

  • $6 billion of the longs currently held were underwater at 1.0760

  • $2 billion were added while the pair dropped from 1.1050 to 1.0760

  • In the six months EUR/USD traders long this year loss due carry are 1%

  • Big speculative bets of this size are reverse indicators

  • Falling option vols flag diminishing chance of the moves traders hope for

Source:
Refinitiv IFR Research/Market Commentary

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