Forex Flash: Hedge Funds betting on lower Euro - FXMarketAlerts

Wed, 11 May 2011 11:21:00 +0200

Forex Flash: Hedge Funds betting on lower Euro - FXMarketAlerts

FXstreet.com (Barcelona) - Hedge funds seem to be betting on lower Euro over the short to mid-term, according to the FXMarketsAlerts Team, which points out to option players buying strikes out to 6week EUR/JPY at 111.00 and an important volume of options on 1 month EUR/USD at 1.3900.

This morning there has been action at 1-week EUR/USD at 1.4200 and 1.4250, according to the FXMarketsAlerts Team.