As shown by our proprietary Dollar VIX indicator, currency trading recently has not been for the weak of heart, if ever.
The funds are still net long, but are also holding the smallest short position since we started tracking this number in January 2004.
"A new, invisible and at times virtual, tyranny is established, one which unilaterally and irremediably imposes its own laws and rules. Moreover, indebtedness and credit distance countries from their real economy and citizens from their real buying power. Added to this, as if it were needed, is widespread corruption and selfish fiscal evasion which have taken on worldwide dimensions. The will to power and of possession has become limitless." Francis I, 16 May 2013