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9 Feb 2015
CFTC speculative positioning weekly summary
FXStreet (Guatemala) - Analysts at ANZ offered the CFTC positioning data for the week ending 3 February 2015.
Key Quotes:
"Leveraged funds increased their overall net long USD positioning by USD2.9bn to USD37.8bn. This came after two consecutive weeks of reduction in USD positioning. For the week, the increase in USD positioning was mainly driven by EUR and commodity currencies."
"Net short positioning in EUR increased to USD21.2bn from USD18.7bn. Given the stronger than expected NFP over the weekend, net short positioning in EUR is likely to increase further."
"Commodity currencies saw an increase in net short positioning, likely on the back of a weaker than expected official China PMI for January".
"Net selling of USD1.0bn of commodity currencies was registered in the week. Among them, the AUD was hit the hardest, with a net selling of USD0.6bn on the back of the RBA’s surprise rate cut."
"Given the release of poor China January trade data over the weekend, commodity currencies are likely to remain under pressure in the near term."
"Net short positioning in CHF continues to see a reduction for the third consecutive week following the SNB’s decision to abandon the EUR/CHF floor on 15 January. Net short positioning was reduced to USD0.7bn from USD1.1bn."
"Other than CHF, GBP and JPY were the only currencies that saw net buying for the week".
Key Quotes:
"Leveraged funds increased their overall net long USD positioning by USD2.9bn to USD37.8bn. This came after two consecutive weeks of reduction in USD positioning. For the week, the increase in USD positioning was mainly driven by EUR and commodity currencies."
"Net short positioning in EUR increased to USD21.2bn from USD18.7bn. Given the stronger than expected NFP over the weekend, net short positioning in EUR is likely to increase further."
"Commodity currencies saw an increase in net short positioning, likely on the back of a weaker than expected official China PMI for January".
"Net selling of USD1.0bn of commodity currencies was registered in the week. Among them, the AUD was hit the hardest, with a net selling of USD0.6bn on the back of the RBA’s surprise rate cut."
"Given the release of poor China January trade data over the weekend, commodity currencies are likely to remain under pressure in the near term."
"Net short positioning in CHF continues to see a reduction for the third consecutive week following the SNB’s decision to abandon the EUR/CHF floor on 15 January. Net short positioning was reduced to USD0.7bn from USD1.1bn."
"Other than CHF, GBP and JPY were the only currencies that saw net buying for the week".