FXStreet (Bali) - For the week ended August 19, as reported by Nomura, non-commercial accounts added USD longs to the tune of $3.4bn, as well as by an estimated $5.4bn since.

Key Quotes

"Non-commercial accounts bought $3.4bn of USD as of Tuesday. This brought net positioning to $31.1bn, and is the most net long USD has been since July 2013. Our real time indicator suggests an additional $5.4bn of net longs were added by Friday‟s close, bringing positioning to $36.5bn. This is near the peak positioning in May 2013 when net longs reached $41.7bn (all time peak was $44.9bn in June 2012)."

"EUR shorts were added to with $2.1bn of EUR selling on the week, bringing total positioning to $23.1bn. By Friday we estimate specs had sold an additional $2.7bn EUR, bringing net shorts to -$25.9bn. This would be the most net short EUR has been since June 2012."

"Specs sold $0.7bn of JPY on the week ended Tuesday, bringing net shorts to -$10.6bn. By Friday‟s close we estimate that specs had sold an additional $2.9bn JPY, bringing net shorts to an estimated -$13.6bn. This would be the most net short JPY has been since January."

Related Articles
  1. Forex

    The Pros and Cons of a Fully Convertible Rupee

    Amid the rising economic power of India, the talks of making the Indian currency fully convertible are gaining momentum. We look at the pros and cons.
  2. Forex Fundamentals

    Chinese Yuan an Unlikely Reserve Currency

    As the world's second largest economy, China's challenge to America’s dominance includes a push to make the yuan (RMB), the world’s reserve currency. Whether it can do that now is unclear.
  3. Economics

    How Currency Enforcement Helped Sink The Trans-Pacific Partnership (TTP)

    One particular barrier to trade that has received much attention of late and caused delays in negotiations of the TPP is exchange-rate manipulation, by which a country artificially devalues its ...
  4. Forex

    Top U.S Forex News Sites

    Breaking news moves forex markets. Here are the top U.S. sites for tracking forex news.
  5. Investing

    Financial News Comparison: Bloomberg Vs. Reuters

    Access to financial information has grown with the expansion of digital news. Bloomberg and Thomson Reuters lead the pack, claiming a majority of the business information market.
  6. Economics

    Who Benefits From South Korea's Lowered Interest Rates?

    South Korea is the latest country to cut interest rates in an attempt to stimulate economic growth.
  7. Forex Education

    The Top Uses For P2P Currency Exchange

    Peer-to-peer (P2P) currency exchange networks offer a viable and cheaper alternative for buying and selling currencies.
  8. Forex

    Steps To Open An Offshore Forex Account

    Here is a simple breakdown of how to open an offshore forex account for US-based users, including legal requirements.
  9. Entrepreneurship

    Top Forex Trading Apps

    A brief overview of the top apps that help forex traders with on time information, charts and more.
  10. Investing Basics

    The Risks Of Buying Bitcoin

    Virtual currency is probably here to stay, but what about Bitcoin specifically? Does it have a first-to-market advantage? What are the risks involved?
RELATED TERMS
  1. No results found.

You May Also Like

COMPANIES IN THIS ARTICLE
Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!