These are the main highlights from the latest CFTC report for the week ended on June 11.
- Speculators trimmed their gross longs and shorts on the greenback, taking the net longs to the lowest level since mid-July 2018, always on the back of increasing concerns over the potential move lower in rates from the Federal Reserve in the next months.
- EUR net shorts, instead, shrunk to the lowest level since March 26, as market participants continue to look to USD-dynamics for direction, relegating more domestic issues such as the ongoing slowdown in the region and prospects of ECB easing.
- The speculative community kept trimming its exposure to crude oil during last week, with gross longs extending the trend lower and taking net longs to the lowest level since early March. The focus, as usual, remains on the increasing US-China trade jitters and their impact on the global demand for crude oil and prospects of economic growth.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.