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7 May 2013
Forex Flash: EUR shorts continued to shrink – Rabobank
FXstreet.com (Barcelona) - The single currency has found extra support for its upside in the better-than-expected German factory orders during March, posting a monthly expansion of 2.2%, way above forecasts calling for a 0.5% contraction.
According to the last CFTC COT report, Strategist Jane Foley at Rabobank argued “The ability of positions to shrug off easing talk suggests that EUR is likely to stand up well to the dovish stance of ECB President Draghi”. Regarding the greenback, Foley commented that long positions continued to scale back, drifting away from recent historical levels.
According to the last CFTC COT report, Strategist Jane Foley at Rabobank argued “The ability of positions to shrug off easing talk suggests that EUR is likely to stand up well to the dovish stance of ECB President Draghi”. Regarding the greenback, Foley commented that long positions continued to scale back, drifting away from recent historical levels.