Euro Short interest increased on the 22nd June week

ZeroHedge has done a nice job charting the data from the FTC regarding the net speculative Euro short positions on the Futures markets.

While it would certainly be extremely interesting to see what happened the following week, given the massive rally in the Euro, it's still interesting to note that Euro shorts were increasing, and that sentiment was still very negative on the Euro. While I don't think the rally is going to be a straight line, I think we're far from done yet, and that we'll get there sooner or later, with the Net Spec Non-Commercial EUR contracts being above the +20,000 figure.

Wait & Pray