FXstreet.com (Barcelona) - Speculative traders pared back overall EUR shorts according to latest IMM data. EUR short positions were decreased by 25% from a week earlier to reach a net of $8.6 billion as of Tuesday. However, analysts still believe there is high risks of a new increase on EUR shorts by the spec community; according to Bank of America Merrill Lynch, "interest-rate differentials continue to move broadly against the EUR, and indeed a simple analysis of two-year swap rates suggests a value of EUR/USD closer to 1.20 than 1.30."
Forex Flash: Swap rates suggest EUR/USD closer to 1.20 than 1.30 - BofA Merrill Lynch
Sun, Oct 21 2012, 22:41 GMT | FXstreet.com
EUR/USD May 18 at 14:06 GMT
1.2838/40 (0.01%)
H1.2844 L 1.2836
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
