CFTC and a quiet start to this week - Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Analyst at Westpac explained Friday's Commitment of Traders report and today's lack of liquidity.

    Key Quotes:

    "Friday’s Commitment of Traders report from the CFTC showed little change in spec positioning on AUD, with leveraged funds trimming net shorts only from -27.5k to -24.6k over the week to 2 Feb. Asset managers however continued to buy back AUD and at +0.9k are long for the first time since July 2014.

    Leveraged funds’ EUR shorts continue to be trimmed, from –89k to -75k while their JPY positions were little changed, at +16k despite the BoJ’s negative rates surprise. Leveraged funds remained heavily short GBP (especially) and CAD.

    Australia’s calendar is fairly light this week, with business and consumer sentiment surveys the main releases. Most key Asian markets are closed today, including Singapore, Hong Kong and Shanghai, with Tokyo the key exception. New Zealand is closed for Waitangi Day."
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