IMM Report. Traders Increase Euro Shorts

In the week ended Tues, 19 Nov, Traders increased Euro shorts by 5K to 63K contracts from 58K in the previous week. Euro shorts remain the largest speculative position. The short position is near the middle of the high to low range over the last year.  Note: The breakdown of yesterday’s rally after failing to conquer the closely watched 1.1100 level has sent a warning to longs. Read Full Strategy:

Alternative Investments: European Art Never Goes Out Of Style

On Nov 12, 2019, Monet’s Charing Cross Bridge, 1903, sold for $27.6 million, solidly within a pre-sale estimate range. In Feb, Paul Cézanne’s Nature morte de pêches et poires, 1885-1887, sold for $28.1 million and in May, Monet’s Meules, 1989, achieved a world record price for the artist of $110.7 million. Two of Europe’s most famous artists—Picasso and Giacometti—will be the subject of a new museum opening in Beijing in 2020. Real Art seldom depreciates in value and China 🇨🇳 has now become the world’s third-largest art market after the US and the UK, and there has been a huge surge in interest in Picasso. Read Full Strategy: