FXStreet (Guatemala) - Analysts at Rabobank noted that the EUR shorts continue to increase as we head towards this week’s ECB meeting. Key Quotes: "We expect the Bank to announce more QE to the tune of around an additional EUR 30bn a month and a 15bp cut to the deposit rate taking it down to -0.35%. USD net long positioning fell slightly, although the decline was negligible. This Friday’s US labour report will be key for the market in terms of the likelihood of a December rate hike which is currently priced in by around 74%. GBP shorts continued to increase and now stand at levels not seen since Q2. JPY shorts were pared back slightly, although as with USD longs, the reduction in net positioning was only small. CHF net short positioning surged to the most stretched levels seen since January of this year. Net AUD shorts edged lower. Weak coal and iron ore prices remains a source of pressure. CAD shorts increased as the Loonie moved lower. MXN shorts were reduced slightly. Curve flattening appears the play of choice as 2yr UST futures moved deeper into net short territory while 10yrs jumped into net long territory." For more information, read our latest forex news.