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| COT Report - Euro futures (Sentimentrader.com) |
With all the chatter about the Euro breaking down today... I thought it would be a good time to take a look at the latest COT report showing traders positions. I don't have much to say that you can't see for yourself... but one thing is obvious: Commercials are building long positions into this decline... and they are not doing it lightly. After watching the commercials build equity index shorts for months, and then the change in trend that followed... I am wondering what information they have that would encourage them to put such large Euro long positions on.
It could just be part of a broader currency hedging strategy... which would suggest this report isn't worth putting much weight on. Something tells me that isn't the case though, and that we will soon hear about some "plans" that have been going on behind the curtain. Whatever the situation may be... I thought it was something to be aware of.
