Traders Making Biggest Bet of AllTime Against Euro

According to the FT, traders have accumlulated the largest short position against the currency in its existenence, with positions totaling near $8 billion.

The build-up in net short positions represents more than 40,000 contracts traded against the euro, equivalent to $7.6bn. It suggests investors are losing confidence in the single currency’s ability to withstand any contagion from Greece’s budget problems to other European countries.

In a seperate article, Bloomber remarks of the Euro “January” Effect.  In 7 of the 11 years since the Euro was established, the Euro reached its highest or lowest levels of the year against the dollar in January. The high for the year may have already been established on Jan 13 at $1.4579

source:Bloomberg

 

Long EUO ProShares UltraShort Euro?

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s




Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 39 other followers

ETFDesk.com

ETFDesk Spotlight

February 2010
M T W T F S S
« Jan   Mar »
1234567
891011121314
15161718192021
22232425262728

%d bloggers like this: