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COT: AUD most bullish since April 2013 - Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Sean Callow, FX Strategist at Westpac, highlights that the futures market is the most upbeat AUD since a near-identical stance in Sep 2014 and before that, April 2013.

    Key Quotes

    Friday's Commitment of Traders report revealed another week of increased AUD bullishness among speculators in futures markets

    Leveraged funds extended net longs from 15.4k contracts to 19.5k. While asset managers moved from 28.7k to 31k

    The combined total of 50k is the most upbeat AUD stance since a near-identical stance in Sep 2014 and before that, April 2013

    Leveraged funds trimmed EUR net shorts slightly, to -69k and were about steady on JPY, long 45k. The Brussels attacks look to have driven renewed sterling shorts linked to EU exit risks, from -26k to -48k.
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