Weekly forex futures positioning data from the CFTC – EUR long 143K vs 143K long last week. Long position unchanged – GBP long 4K vs 5K long last week. Longs trimmed by 1K
The crude oil price is scoping new highs as inventories drop and the US economy continues to track along at a clip with jobs data prompting a potentially more hawkish Fed. Where to for WTI?
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