Data in this report cover up to Tuesday September 27 & were released Friday September 30.
CFTC data for the week of September 27th showed speculative investors adding again to aggregate (net) long USD positions, for a third consecutive week of gains. The total bull bet on the USD rose by some USD 3bn in the week to reach USD12.4bn, the largest aggregate Bet on the USD in two months.
Positioning changes this week were substantial generally; a net increase in JPY longs of USD1.3bn takes the overall JPY bull bet to within a whisker of the record high seen in April, suggesting investors have little confidence that the BoJ’s policy easing will undercut its currency.
In addition, investors covered a similarly large amount of their net EUR shorts (USD1.2bn) and added USD633mn to their net long AUD positions. Additional, though minor, USD selling came in the form of a very modest reduction in net MXN shorts from last week’s record as speculators passed judgment on Monday’s presidential debate.
Offsetting (for the USD in aggregate terms) positions were taken in the other currencies. Investors have become suddenly quite bearish on the CAD.
For the first time since early April, speculative investors are holding a net short CAD position (USD880mn) while accounts added significantly to net short GBP positions (up USD2.3bn in the week).
Net GBP shorts peaked in August but the jump in positioning suggests a significant deterioration in GBP sentiment over the past week. Additional support for the USD came in the form of a large-ish rise in net short CHF positioning.
Copyright © 2016 Scotiabank, eFXnews™
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from eFXNews http://feedproxy.google.com/~r/Efxnews/~3/wP5ZsmWv88Q/imm-report-investors-added-usd-longs-aud-longs-gbp-shorts-and-turned-cad-short
from Online Forex Trading Resource http://its-veso.tumblr.com/post/151257024892
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