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CoT report: Specs net long USD almost halved - ANZ

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The ANZ Research Team summarizes the positioning data for the week ending 5 April 2016, in which net long USD positions held by leveraged funds almost halved.

    Key Quotes

    Net dollar selling totalled USD3.2bn, taking overall net long USD positions to USD3.6bn, the lowest since July 2014.

    For the second consecutive week, the USD was sold most against EUR. Overall net short EUR positions declined by USD1.5bn to USD6.6bn.

    Despite continued yen strength, leveraged funds were net sellers for the second consecutive week. Overall net long JPY positions fell by USD0.4bn to USD3.7bn.

    GBP and AUD recorded net buying of USD0.9bn each. Though Brexit concerns still linger, leveraged funds have reduced their overall net short GBP positions to USD3.5bn.

    AUD is having the longest running streak of consecutive net buying at ten weeks so far. Leveraged funds turned net long AUD in early March for the first time since September 2014, and have continued to increase their net long exposure since, to total USD2.6bn currently.

    For the other commodity currencies, CAD’s net short positions continue to be pared back to USD0.3bn (see Figure 9 in PDF), while NZD saw marginal net selling.

    All three EM currencies recorded net buying by leveraged funds. BRL saw its overall net long position rise by USD0.3bn to USD0.5bn. Leveraged funds halved their net short position in MXN to USD0.3bn. RUB saw only marginal net buying with overall net long positions at USD0.1bn.
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