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Monthly Chart Pack

Monthly Chart Pack - November 2026

Tuesday, 03 November 2026, written by Henk-Jan Pijper

Euro sentiment turns bearish, but is it bearish enough?

Our Chart-pack brings together hundreds of macroeconomic and financial market indicators, providing a comprehensive overview of global, regional and country-level developments. From economic activity and inflation to financial markets, valuations and structural trends, it offers an efficient way to monitor developments and compare key metrics across countries.

The chart below, showing speculative positioning in EUR futures based on the Commitment of Traders (COT) report, is one example. Hedge funds and other large speculators have recently shifted from a sizeable net-long position to a net-short stance, reflecting growing pessimism towards the euro. While this deterioration in sentiment could provide a contrarian tailwind for the currency, positioning is not yet particularly stretched by historical standards. Previous episodes of much more pronounced bearish positioning, notably in 2015–2016, illustrate that speculative shorts can accumulate considerably further before a meaningful reversal takes shape.

 



 

 

 

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