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CoT Report: USD Longs, CHF + JPY Shorts Cut Sharply - Nomura

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 21, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Bali) - According to the IMM data for the week ended December 15, non-commercial accounts sold USD to the tune of $10.7bn, bringing positioning to $35.7bn, notes the Global FX Strategy Team at Nomura.

    Key Quotes

    "Since Tuesday, USD longs have covered somewhat by $2.4bn, with our real-time estimate now at $38.1bn."

    "EUR shorts were cut further by $1.6bn, bringing net positioning to -$21.9bn for the week ended December 15. Our real-time estimator indicates that shorts came back since Tuesday, bringing positioning back to -$23.1bn."

    "CHF shorts were cut dramatically by $3.5bn, with net positioning as of Tuesday now net long at $0.25bn."

    "JPY shorts were cut by $4.2bn, bringing net positioning to -$2.7bn as of Tuesday, which is the lowest level of shorts since October. Our real-time estimator suggests net shorts recovered to -$3.2bn by Friday’s close."

    "AUD shorts continue to fall for the fourth week now (cut by $1.7bn since last Tuesday), bringing net positioning to -$0.75 for the week ended December 15."
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