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My Bias: Short Notes: Massive movement in EURO FX. Speculators added 14K longs and almost 30K shorts. Open interest +34K. The major shift into Euro shorts continues Lower prices on rising Open Interest suggest confirmed bearishness. Expect prices to drop further Fed Watch – USD bullish Probabilities of December’s hike were up to 74% from 70% in the previous week. There are 11 weeks left to December’s FOMC. The hike is getting real.
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