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Euro net shorts reach another record high

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By Peter Boockvar - February 12th, 2010, 3:52PM

After reaching a record high last week dating back to its introduction in 1999, net shorts in the euro, according to the CFTC, rose again from a net 44k contracts last week to 57k contracts this week for the week ended Tuesday. In a related trade, net longs in gold and silver both fell to its lowest level since Aug ’09. Net longs in both the Canadian and Australian $’s fell to the lowest since July ’09. Net longs in crude fell by half and are now down 70% after reaching a record high 4 weeks ago. Net longs in corn are at the lowest level since Oct ’09.

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Category: MacroNotes.

Comments

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

One Response to “Euro net shorts reach another record high”

  1. ZORRO Says:
    February 14th, 2010 at 9:01 pm

    …Buy EUROS and all crosses…!!!

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