Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
The European Monetary Union has reported its latest CFTC EUR NC Net Positions in their latest report. According to their data, the CFTC EUR NC Net Positions is standing at €163.3K against €143.4K, which is an increase of €20K or 13.77% from the previous week.
The report on the CFTC EUR NC Net Positions looks at the net long and short positioning of non-commercial traders of the euro currency in relation to the US dollar. Non-commercial traders are those who are not looking to trade the currency for profits, but are more invested in the euro currency for its portfolio of investments.
The increase of €20K in the CFTC EUR NC Net Positions indicates that investors are increasing their reliance on the euro currency and the region it serves. This could mean that the European economy is in a more stable state and there is a renewed hope in its future prospects.
The increase in net positions also implies that investors may be shying away from the US dollar, which has been in a tenuous state in recent weeks as the Trump administration has been under scrutiny from foreign countries and from its own constituents.
It is important to recognize that the CFTC EUR NC Net Positions is just one of the many factors to measure the financial health of a region. With that said, the current increase does certainly point to a more positive outlook for the European Union and its citizens.