The Illuminati is heavily long the Euro

Quote from Mvector:

This is a well above average accumulation - from past 5 years of data I have.
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when volatility and range picks up so does open interest.
a few years ago the euro was like watching paint dry.



s
 
Quote from shopster:

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when volatility and range picks up so does open interest.
a few years ago the euro was like watching paint dry.



s
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The "ratio" of the open interest for march 6E contract is well out of any norms - that was my point
 
When everything goes down the winner is the one that falls slower. When you don't know what to do anymore the choice is between doing anything and not doing anything. Usually the latter helps you fall slower.
 
The long position is less than $27B USD notional. That's nothing in OTC. The daily turnover in OTC spot (pure spec in spot alone, not fwds, swaps or hedges) is estimated at $1.5T.
 
Quote from atticus:

The long position is less than $27B USD notional. That's nothing in OTC. The daily turnover in OTC spot (pure spec in spot alone, not fwds, swaps or hedges) is estimated at $1.5T.
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what spot has to do with futs?
 
Quote from hkrahra:

what spot has to do with futs?
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If you have to ask. They're fungible; can be arbitraged. 27B is nothing. It's less than 2% of the DAILY OTC spot volume. That number doesn't include fwds, swaps, vanilla or exotic options.
 
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