CFTC speculative positioning - ANZ

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Delhi) – Irene Cheung, Senior FX Strategist at ANZ, lists down the positioning data is for the week ending 29 December 2015.

    Key Quotes

    • “Leveraged funds started to put back some long USD positions in late December (though at a gradual pace) after paring back positions earlier.

    • For the week ended 29 December, leveraged accounts’ net long USD positions rose for a second consecutive week by USD0.2bn to USD27.7bn. This compares with a low of USD24.1bn in mid-December but is still some way from the high of net USD longs of USD34.4bn at the start of December. Price action suggests that more long USD positions might have been added since then.

    • Leveraged funds added net EUR shorts by another USD0.3bn to USD16.8bn, a second consecutive week of increase. This followed a pare-back in early December after the ECB disappointed in its monetary easing moves.

    • Leveraged accounts pared back in their net short JPY positions, by USD1.4bn to USD4.6bn, the lowest level in 10 weeks. Risk aversion in early January could see a further reduction in net JPY shorts.

    • The market however remained downbeat on the GBP, raising its net shorts by another USD1bn to USD2bn, the biggest shorts since last April.

    • The reprieve to commodity currencies earlier in December proved to be short-lived. Leveraged funds have since added new shorts in CAD and AUD, by USD0.1bn and USD0.3bn respectively in the week. NZD was the exception with leveraged accounts maintaining a net long position of around USD0.2bn for three consecutive weeks.

    • While leveraged funds remained net short EM currencies, they were net long BRL for four consecutive weeks.”
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