Pound slightly higher against the USD

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Source: Forexpros

The pound slightly recovered against the USD as markets anticipated the outcome of the teleconference among the EU finance ministers. The pair GBP/USD achieved 1.5529 at the early US trade after trading at 1.5466, the lowest level since December 15.

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Mon, 19 Dec 2011 18:49:08 GMT

Short positions for Brent crude increased

Investors see the Brent crude market bearish and the number of short positions started to increase in recent weeks. Traders increased the number of short positions by 1,700 contracts and decreased long positions by 1,446 contracts.  Brent oil futures edged down by 20 cents during the last week as European summit failed to stimulate investors' confidence. However, the decline in long positions will not last long

Mon, 19 Dec 2011 18:48:43 GMT

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