Futures brokers increased bets last week that the euro will fall against the dollar, figures from the Washington-based Commodity Futures Trading Commission showed. The difference in the number of wagers by hedge funds and other large speculators on a decline in the euro compared with those on a gain in the dollar.
This is a testament as to who is running the show, the FUNDS! No problem as long as you get on the same side. Ok, so fundamentals do play a big part in this market. Actually the funds are willing to exit any and all positions based on world event news, if they figures out the energy markets though, it's only a matter of time before they control the dollar. Traders and commodity brokers alike are having to use technical analysis to follow these invisible market movers.
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