Euro Longs Are Getting The Most Out Of Positions

Euro longs are getting the most out of positions taken at discount prices from earlier in the week. The Dollar gave up its modest gain from yesterday’s surprisingly strong housing report and awaits today’s Chicago PMI and U.S. weekly jobless claims. Seasonal adjustments are expected to smooth out the number of repeat filers, and new claims for the holiday week are expected to dip lower. Traders are looking for fundamental support that lower rates are coming for next year. At the moment, the Euro attempts to consolidate in the 1.3200 area. Read More....