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Net Speculative Euro Shorts Back To Record Levels
After declining marginally in the prior week from a previous record, net euro short positions surged to a brand new record, hitting an all time record of -74,551, according to the CFTC'c Commitment of Traders. This compares to last week's -66,770 net short positions. The previous euro short record was -71,623 attained on February 23, when Greece had still to be renamed to AIG. Yen shorts declined modestly, after surging as we pointed out, by over 32,000 position in the prior week, and were at 26,488 this week. Does this indicate the euro squeeze is over? Today the euro closed stronger, after Greece is now stuck in permastrike mode, while Goldman is trying to sell euros to clients, known elsewhere as victims.
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TD! You and your excitable posts!
Since WHEN has Goldman EVER opaquely shorted an asset while trying to sell it their customers? They would never do that!!!!
Besides Mortgage-backed securities, I mean....
The Federal Reserve is a Den of Thieves. Filthy Fucking Thieves!
Did anyone realize that the FDIC closed a bank yesterday?
Liberty Pointe Bank, New York, NY
Cost to DIF = $24.8 million
First one of the day today is:
Park Avenue Bank, New York, NY
Cost to DIF = $50.7 million
mere insects..
Yes, I pointed that out yesterday. I thought it was pretty unusual for them to post a press release on a Thursday.
Also there are a couple more this evening, bringing the total for today to ~$190-some million.
Don't worry Sheila. I got this one.
Hey TD, you never replied back to Goldman answers. Is that over or you guys still working on it?
GSCO bit the gambit n underscored the inherent 'relevance' of ZH while sidestepping any Q of substance with a deflective reply. Did they answer anything bout CL n NG ? Of course not
i said it 2 weeks ago at 1.35 and i'll say it again today buy the euro...its oversold...COT positioning rarely lies.
Wow and now futs are at 1.377. A 2% gain in 3 weeks. That is amazing after a almost record drop in the month before. Amazing how the COT report told you that. I never would have guessed that markets aren't mean reverting. A chart never would have told me the exact same thing and let me profit a massive 2%
i guess you dont trade leveraged futures bud...learn to trade my friend and we can have this discussion later..do you even trade currencies? my guess is you have no clue even where to start considering your moronic 2% comment....
You said 1.35 didn't you. And of course I trade stupid. Do you trade for yourself or run a desk? And when you say leveraged futures you sound stupid. Of course I know 2% on leverage is more than that. But my point is a 2% move in the market back to the mean wasn't some bold call. You don't need a fucking COT report to see it was oversold. I agreed on the bounce, I just think it's a coincident indicator.
anonymous --well if you traded enough you would understand that when COT hits extremes its time to jump in on the opposite side....thats it..its not a coincidence. its a damn good indicator. look at the other charts at the bottom of the page from robot trader..get it yet?....and of course there are plenty of other methods to determine if something is oversold or overbought using technicals...the reason i said leveraged futures is because it appeared that you misunderstood the capability of a 2% currency move....no i dont run a desk...dont need to or want to....for me independence is best...i am not saying it was a bold call...its a call nonetheless........and just check this out...its not like i am making this shit up
http://www.dailyfx.com/forex/fundamental/forecast/weekly/usd/2010-03-12-2259-US_Dollar_at_Risk_for.html
You said 1.35 didn't you. And of course I trade stupid. Do you trade for yourself or run a desk? And when you say leveraged futures you sound stupid. Of course I know 2% on leverage is more than that. But my point is a 2% move in the market back to the mean wasn't some bold call. You don't need a fucking COT report to see it was oversold. I agreed on the bounce, I just think it's a coincident indicator.
/:
Euro had a chance.
But blew it.
Jim Rogers:
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aZfUX0SeDvmw
Tyler you suck on global economics.
Get a glimpse on Martin Armstrongs writings first.
Could it be that you are just a little too blindsighted on your US centric views ? Could it be possible after all ?
Could it ?
Could that be ?
....ah ah ahhhh ... ah ..... ah ...
Given the COT data, sounds like GS is actually trying to ge
to get clients on the right side of the trade.
That's why GS is bullish on the euro, this trade is over done... for now.
Talking about radical short interest....
No. 1 rated stock on Shortsqueeze.com is Saks....
Freaking 42% of the float sold short while its at a 52-week high..
LOL....
And then there are the regional banks. Check out Bank of Ozark, 29% sold short on a low floater which requires 44 days to cover.
Any wonder why stocks are skying????
Anybody wanna guess that the Euro is going to get squeezed hard?
alas a trader that understands counter intuitive indications....few around here seem to understand COT positioning in currencies and how useful it can be to trade...thanks for the other charts and trade ideas
Robot Trader..what do you think about the euro?
How do you think it will behave in the next few months?
As warned about earlier, the bullish basing has resulted in a EURO and EUROYEN rally.
http://www.zerohedge.com/forum/market-outlook-0
Oh, Grand, I do love your persistence. One of these days, you may get it right.
The EURJPY pair have traded directly in line with the SP500 futures, practically tick for tick. The EURUSD pair was quite undersold and is experiencing what may be called a dead-cat bounce.
This is NOT a rally in the Euro. It is a correction from an oversold condition.
Look at the chart of the SP500 index over the past month and you can see the move is nearly parabolic. Parabolic moves can never be sustained (and, no, this in not 1999...). The correlation in the EURJPY has a heavy impetus to the downside, as evidenced by extreme weakness when the SP500 drops even a few points.
Expect the EUR to trade higher over these next few days and weeks. Be careful on Fed day, however, as you never know how the 4X market will react. According to the charts, the announcement should bring "good" news to the market, allowing the SP500 to continue its parabolic ramp...until it doesn't.
When this puppy tops, the EUR is toast, the yen will bubble and the USD will remain relatively flat (DXY...).
There will be no "rally" in the Euro.
nice wrap up on the euro movement i think
checking http://www.freestockcharts.com/ on the daily, then 15 min and smaller time frames, shows a very over bought euro on the eurusd chart
but i'll readily agree, charts are a collection of coincident and lagging indicators
so it's still...we'll see ;-)
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