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EUR/USD
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of clients are net long.
of clients are net short.
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High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

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High
of clients are net long.
of clients are net short.
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Note: Low and High figures are for the trading day.

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  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.09%, while traders in France 40 are at opposite extremes with 74.96%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/wxHvel5wMw
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  • - Hopeful that the economy can switch to high-productivity growth after the pandemic - Appetite for holding liquid government debts is insatiable and this trend does not look to be reversing
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  • - Will defer to Chair Powell to begin tapering discussion - We remain on the lookout for financial stability risks - Improved regulatory frameworks put in place since the financial crisis have helped mitigate these risks
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.26% 🇯🇵JPY: 0.23% 🇬🇧GBP: 0.23% 🇦🇺AUD: 0.01% 🇳🇿NZD: -0.03% 🇨🇦CAD: -0.22% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/LXnEJybdjH
  • - Pandemic has not yet come to a close in the US - Still too early to talk about changing monetary policy - Want to maintain easy policy while we're still in the pandemic
Forex Strategy: Holding EUR/USD Short Position

Forex Strategy: Holding EUR/USD Short Position

Ilya Spivak, Head Strategist, APAC

Much has been made of the Fed’s delay in “tapering” QE but the FOMC’s policy trajectory stands in stark contrast to that of the ECB. Not only is the Eurozone central bank far from scaling back accommodation, but a further expansion of stimulus seems likely considering last week’s surprise rate cut has limited capacity to truly ease credit conditions (market rates traded below the ECB benchmark months before the cut). I’ve entered short at 1.3362, initially targeting 1.3148. A stop-loss is set to trigger on a weekly close above 1.3577.

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