Newest Forex Volume Report Released
by Trader Rich
Open interest dropped across the board this week except in the Australian dollar.
Big swing from NET LONG to NET SHORT
Very Bearish. 50,327 Short positions vs. 3,462 Long positions
18,418 Short positions, 13,183 Long positions
Decrease of 17,632 short positions. Still Bearish
Decrease of 7,196 long positions. Still bullish with 11,114 Long positions and 4,491 Short positions
EURO remains Bullish with another decrease this week in Short positions (-10,149)
New Zealand Dollar
Less Bullish than last week with decrease of 688 long positions and increase of 178 short positions
Bearish. Increase of 15,455 Short positions on increasing open interest.
Less open interest than last week with an almost equal balance of long (128,840) to short (135,177) positions.