CABLE: Friday's CFTC data shows that as per April 24, speculative accounts had a net cable long of +7,536 contracts, versus a net short of -13,051 contracts last week.
First Published Saturday, 28th April 2012 01:48 am - © 2012 MNI News MNI Foreign Exchange Bullet Points delivers real-time commentary in concise bullet point format. Learn more
CABLE: Friday's CFTC data shows that as per April 24, speculative
accounts had a net cable long of +7,536 contracts, versus a net
short of -13,051 contracts last week. Mary Nicola, strategist at
BNP Paribas notes that this is the first net speculative long
since August 2011. "We continue to favor euro-sterling downside,"
she says.