Positioning for the ECB Press Conference/EU Economic Summit
December 07, 2011 at 03:28 AM EST
Source: ForexYard Positioning for the ECB Press Conference/EU Economic Summit The most recent CFCT IMM data shows EUR non-commercial traders have their largest short position built in the futures market since June of last year. The one sided positioning could create a short squeeze if European leaders begin to instill a bit of investor confidence towards the end of the week. Economic News EUR – Positioning for the ECB Press Conference/Economic Summit The EUR is shrugging off the recent negative headlines as investors begin to position themselves prior to the ECB policy meeting on Thursday and the 2-day EU economic summit. Market expectations are for at least a 25 bp interest rate cut and some are calling for . . . → Read More: Positioning for the ECB Press Conference/EU Economic Summit