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Net U.S. dollar long positions fell 3% to $39B, according to CFTC data for the week ended June...

Net U.S. dollar long positions fell 3% to $39B, according to CFTC data for the week ended June 12. Everyone's favorite short, the euro saw bearish positioning cut by 9% to $30.5B. The euro is up about 350 pips this month vs. the greenback in the face of overwhelming short interest.
Comments (2)
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    Euro is up...totally amazing to me.....the two choices for the Euro...is failure...or print.....but it holds its value...or should I say it is kept up
    15 Jun 2012, 03:43 PM Reply Like
  • Brian Bobbitt
    , contributor
    Comments (1890) | Send Message
     
    I got out of my E-shorts about two weeks ago, perhaps more. 6/5 & 6/6. Have been eyeing when to get back in. I have saved a few pennies, on EUO and a dollar on DRR. I don't wish to give up that little cushion but being there are so many shorts out there, TPTB [the bankers of euro-holders] need to bolster their shrinking treasure chest, so I was thinking I may see a good short covering rally and if the E$ does get {or manage[heh heh] }higher I would love to enter above the 1.26 level, say around 1.30, for the rolly coaster ride south.
    So far 28% profits in DRR and about 14% in EUO. Not really willing to pay that back.
    Hoo knows
    Capt. Brian
    The Lost Navigator
    15 Jun 2012, 06:31 PM Reply Like
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