AUD Shorts Increase 78%, EUR/USD Has Bullish Outlook

 | Jul 13, 2015 07:55AM ET

C.F.T.C COT Data

  • USD aggregated net long position decreases 3% to 27Bln
  • EUR net spec shorts decreases 1.9% to 13.7Bln
  • JPY short positioning decreases 19.3% to 6.5Bln
  • AUD net shorts increases 78% to 1.7Bln

EUR/USD Outlook – Bullish

  • Momentum ticks pushes further into highs
  • Strength, still negative, ticks up from lows
  • Index positive just off highs
  • Order Flow Trader bearish