Euro Bearish ?

*source - Societe General Research


Hedge funds have been building short positions on Euro. position of this scale has not been observed in while. it seems the fund managers are unanimous about the direction of Euro against dollar. but we can see that the last time when market was such bearish about Euro , what followed next was a complete reversal. i think one needs to be extremely cautious going short at this stage .

Corrections and Correlations

Commitement of Traders fortelling a deep correction around october. it think the smart money knows that there is something coming up in the next quarter which might upset this bull rally setting the markets into deep correction. but things look positive by the end of the year.