Bulls And Bears See Opportunity In The Currency Futures

It overall talks about currencies around the world and what helped or hurt them. They divided up between bears and bulls. Speculators basically added to the gross long and gross short currency. Euro and sterling futures rose the most. Aggressive speculators added to the gross long Australian dollar. The bulls were the ones who changed the Australian dollar.

Key Takeaways:

• During the CFTC’s Commitment of Traders week ending October 4, speculators took on risk.
• The bulls did not extend gross long positions in three of the eight currencies: the Canadian and New Zealand dollars and the Mexican peso.
• The gross short euro position expanded by 11.2k contracts to 187.7k.

“Speculator aggressive added to gross long Australian dollar future positions.”

http://seekingalpha.com/article/4010965-bulls-bears-see-opportunity-currency-futures?source=feed_tag_forex