The euro rallies ahead of interest rate decision – what next?

Whether or not the European Central Bank decides to raise interest rates, John C Burford is in for a no-risk trade on the euro - and the rewards could be very profitable indeed.

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OPEN INTEREST: 220,051
COMMITMENTS
47,80782,0825,603127,78078,147181,190165,83238,86154,219
CHANGES FROM 04/16/13 (CHANGE IN OPEN INTEREST: 4,394)
-1,5142,997-1556,4081,2894,7394,131-345263
PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
21.737.32.558.135.582.375.417.724.6
NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS: 175)
346726464495122Row 8 - Cell 7 Row 8 - Cell 8
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John is is a British-born lapsed PhD physicist, who previously worked for Nasa on the Mars exploration team. He is a former commodity trading advisor with the US Commodities Futures Trading Commission, and worked in a boutique futures house in California in the 1980s.

 

He was a partner in one of the first futures newsletter advisory services, based in Washington DC, specialising in pork bellies and currencies. John is primarily a chart-reading trader, having cut his trading teeth in the days before PCs.

 

As well as his work in the financial world, he has launched, run and sold several 'real' businesses producing 'real' products.