IMM Report: Traders Trim Euro And Pound Short Positions

In the week ended Tues, 22 Oct, Traders trimmed Euro short positions by 24K contracts and GBP shorts by 21K contracts. However, both currencies still have the largest speculative positions of the majors. Our Algo still sees Euro weakening to $1.08 and GBP strengthening to $1.30. Read Full Strategy:

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