Speculators Covering Their EUR Shorts, Adding To Anti-USD Bets

Speculative traders on the Chicago Mercantile Exchange significantly pared their overall anti-EUR wager, data from the Commodity Futures Trading Commission showed on Friday. Traders decreased their open short EUR position by 25% from a week earlier to reach a net of $8.6 billion as of Tuesday. …

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Speculators Covering Their EUR Shorts, Adding To Anti-USD Bets

Iowa Farms Minting Millionaires as Rich-Poor Gap Widens

Pickup trucks lined a stretch of gravel road where 150 farmers mingled between 7-foot tall cornstalks and shimmering soybeans to see which of their wealthy brethren would bid on a swath of Iowa’s richest cropland. This was a farm — table-flat and 314 acres — so coveted that it drew three times the..

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Iowa Farms Minting Millionaires as Rich-Poor Gap Widens

Monti expects to see Italy recovery signs within months

Prime Minister Mario Monti said on Saturday he expected it would only be a few more months before signs of recovery start to emerge in the recession-hit Italian economy. Addressing an agriculture conference in northern Italy, Monti spoke of “a few months, just a few months I hope that we have lef..

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Monti expects to see Italy recovery signs within months

We Don’t Want Your Steenkin’ $1, $5, And $10 Dollar Bills

Everyone knows that when it comes to US currency in circulation, the $2 and the $50 bills are rapidly approaching numismatic status due to either the government’s unwillingness to print them in sufficient amounts or the general public’s unwillingness to accept them as legal Federal Reserve Note…

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We Don’t Want Your Steenkin’ $1, $5, And $10 Dollar Bills

FX Positioning and Technical Outlook: Dollar Still Carving out a Bottom

Our big picture view is that the US dollar is carving out an important bottom, after selling off in Q3 as policy makers moved to reduce the extreme tail risks. The position adjustment that that inspired among appears to have largely run its course.

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FX Positioning and Technical Outlook: Dollar Still Carving out a Bottom