CFTC Report: A split tape; bearish FX conviction, selective covering and a crude reversal
The week in one sentence. Speculators rebuilt their bearish conviction in JPY and EUR, kept selling AUD, and continued covering GBP, while WTI delivered the cleanest positive turn as both positioning and price moved sharply higher.
The week in one sentence. Speculators rebuilt their bearish conviction in JPY and EUR, kept selling AUD, and continued covering GBP, while WTI delivered the cleanest positive turn as both positioning and price moved sharply higher.
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