COT: Euro longs reach a record; VIX short cut by a third — #SaxoStrats
- The gross USD short against nine IMM currency futures soared to a 16-week high
- EURUSD tried for a second time to break above 1.2500
- The JPY net-short hit a five week low and remained the most shorted currency
By Ole Hansen
In the week to January 30, the gross dollar short against nine IMM currency futures reached $17.2 billion, a 16-week high. The dollar selling was broad-based with small reductions in GBP, AUD and RUB not having much of an impact.
In equities, leveraged traders bought every equity index, while covering a third of their VIX net short.
— Edited by Robert Ryan
Ole Hansen is head of commodity strategy at Saxo Bank