After reviving the past few weeks, when the euro short positions were ruthlessly compressed, trading conditions in the forex markets have fallen back to almost surreal calm. Concerns about sovereign European debt crisis weakened (at least at the moment), softened the strong buying support from the Far East. Pound briefly dangled after yesterday's shock to the GDP and data on the budget deficit, after the initial reaction, he quickly calmed down. Yen completely out of sight of the radar, Aussie is about parity, but it is a good result, considering the devastating economic consequences of flooding and slumping gold prices.Reducing volatility is not so surprising, given the lack of confidence, which has been shown forex traders. Horrible removal of short positions on the euro on Tuesday and the week before last to leave the set of growing terrible P & L, the latest CFTC data confirms that the short positions in the single currency is now worthless since become very short at the beginning of this year. Traders did long positions on the yen for a long time, but they are gradually losing their patience, and the positions are aligned. As for the pound, traders are relatively evenly distributed between short and long positions for some time that, at least partly explains the very muted response to yesterday's news of GDP. According to the CFTC, the largest long positions of traders on the Aussie. At the moment, the rapid decrease Aussie would only sprinkled salt on the wound after the bloodbath in the euro over the past few weeks.
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