Filed Under:
Forex pairs in this Article » EUR/USD, USD/CHF, USD/JPY (Bali) - For the week ended January 7, EUR was sold to the tune of -$2.8bn by speculative accounts. CAD, while not sold in large amounts (-$0.2bn by Tuesday and -$1.1bn by Friday), continues to be pushed further into negative territory.

Key Quotes

"Specs bought $3.6bn USD on the week, bringing positioning to $19.6bn. Our real time indicator suggests that this increased to $20.1bn by Friday even as a negative payrolls surprise on Friday pushed the dollar lower.

EUR longs were cut by -$2.8bn by non commercial accounts on the week. Total net longs on Tuesday were $2.5bn, though this number came down by Friday to $2.1bn."

"CAD shorts increased to -$5.6bn, a -$0.2bn change on the week. However, our real time indicator shows that this increased further to -$6.5bn by Friday, likely on the back of disappointing data as USDCAD increased to multiyear highs. The -$6.5bn positioning would mark the most net short CAD has been since April of last year."

"CHF positioning fell sharply its near yearly highs in positioning. CHF net longs were cut by -$0.9bn to $0.7bn, and decreased further to $0.4bn by Friday. JPY similarly retreated further from record short positioning as speculative accounts bought $0.6bn JPY on the week, bringing net shorts to -$15.4bn."
comments powered by Disqus