Forex (SPOT)Premium

EURUSD: Weekly Analysis & Forecast

Traders who just boosted bearish dollar bets might still be wishing it was 2023 after the greenback rang in the new year with its best start in more than a decade.

Non-commercial traders — a group that includes hedge funds, asset managers and other speculative market players — added to their short positions on the dollar in the week ended Tuesday, according to CFTC data compiled by Bloomberg. Roughly 96,800 contracts worth almost $10 billion are now tied to expectations that the US currency will fall, up more than 26,000 from the previous week and the most bearish since late August.

✅  Register or Login.

Related posts

USD/CAD: Weekly Analysis & Daily Forecast


Bitcoin ($BTC): Updates Short Term Analysis


ChainLink ($LINK): Price Action Analysis & Forecast


This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More