(COT) reports and charts Professional traders opened 2980 new long positions
They also closed 6602 short positions last week
Sentiment among non commercial traders remains strongly bullish
Total long positions now stand at 224000
Short positions are down to 112000
The gap between longs and shorts continues to widen
This shows rising demand for the euro and weakness in the dollar
For 21 weeks straight big players have reduced shorts and added longs
Despite ECB and Fed policy differences
Traders view Donald Trump policies as a bigger risk
Fears of a US recession and long term structural issues are growing
