Filed Under:
Forex pairs in this Article » EUR/USD, USD/CHF, GBP/USD, USD/JPY
FXstreet.com (Bali) - For the week ended January 14, non commercial accounts bought $2.1bn of USD while selling mainly the European currencies, notes Nomura.

Key Quotes

"Specs sold -$1.1bn of CHF, bringing total positioning to -$0.4bn. This is a significant swing and is the first time CHF positioning has been net short since the week ended August 6. It was as recently as mid December that CHF positioning was at one year highs ($1.7bn of net longs)."

"EUR longs were cut again by another -$0.9bn on the week, bringing net longs to $1.6bn. Specs also sold GBP to the tune of -$0.7bn, bringing total positioning to $1.2bn. Similarly to CHF, GBP was also coming off one year highs in December ($2.4bn net long on 12/31)."

"CAD shorts increased to -$6.2bn from -$5.6bn a week ago. This brings CAD nearer the one year lows of -$7.4bn set in April. JPY on the other hand continued to get further from its record lows with $1.2bn of buying, bringing positioning to -$14.2bn. Our real time indicators suggest both have gotten further short by Friday‟s close, at -$6.6bn and -$15.5bn for CAD and JPY respectively."
comments powered by Disqus