It is difficult to discern an overall pattern among the changes in speculative positioning in the currency futures in the CFTC reporting week ending October 18.
Most position adjustments were minor. Nine of the 16 gross speculative positions we track were adjusted by less than 5k contracts. There were three adjustment of more than 10k contracts. The euro account for two of them.
The bulls tried to pick a bottom of the euro has it approached the $1.10 area. They added 13.9k contracts to their gross long position, lifting it to 128.2k contracts. The bears felt emboldened and....More>>>