16 July
European Union. CFTC EUR speculative positions. The value of the indicator has increased from 13.1K to 59.4K
A report on this calendar event is released weekly by the CFTC Commitment of Traders.
The presented indicator reflects the difference between the volumes of long and short positions on the euro opened by speculators (non-commercial traders).
The dynamics of the indicator is a measure of speculators' sentiment.
The indicator does not have a strong impact on the euro rate and is considered by analysts in conjunction with other indicators.
Comments by the MarketCheese analysts: an increase of the indicator value may contribute to the rise in quotes of EUR.
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