14 Apr 2014
AUD specs turn net-long for 1st time since May 2013 - TDS
FXStreet (Bali) - As the TDS FX Team notes, the CFTC Commitments of Traders Report - Week Ending Tuesday, April 8th - saw only modest changes in major currencies positioning.
Key Quotes
"The exception was MXN, which registered a significant ramp-up in net longs to +56.5k contracts from +21.8k prior. Remember MXN boasted a +151k net long roughly a year ago."
"GBP saw the second largest move, with net longs climbing by 12.9k to +46.5k contracts."
"Contrarily, CTAs and speculative investors reduced outstanding net long exposure to EUR, as net longs dropped to +23.3k contracts from +33.2k last week."
"In turn, AUD saw a reversal from a net-short position of -4.9k contracts to a net-long of +3.3k contracts."
"CAD experienced modest short covering, with net shorts falling to -34.3k contracts from –37.0k prior."
"JPY registered a minor change in speculative positions, suffering a 1.2k decline in net shorts to –87.5k contracts, which nonetheless extends the short covering the currency has been observing thus far this year. Net JPY shorts amounted to –144.0k contracts at the end of last year."
"Speculative accounts boosted net long NZD positioning during the week—driving net longs up by 1.3k to +19.8k contracts."
"Contrarily, investors reduced net CHF longs by 2.9k to a total of +11.3k contracts."
"As a result of all these changes, the implied aggregate USD position held by the market reversed from a net long of USD 0.8bn to a net short of USD 0.8bn, which continues to reflect a relatively neutral stance on the greenback."
Key Quotes
"The exception was MXN, which registered a significant ramp-up in net longs to +56.5k contracts from +21.8k prior. Remember MXN boasted a +151k net long roughly a year ago."
"GBP saw the second largest move, with net longs climbing by 12.9k to +46.5k contracts."
"Contrarily, CTAs and speculative investors reduced outstanding net long exposure to EUR, as net longs dropped to +23.3k contracts from +33.2k last week."
"In turn, AUD saw a reversal from a net-short position of -4.9k contracts to a net-long of +3.3k contracts."
"CAD experienced modest short covering, with net shorts falling to -34.3k contracts from –37.0k prior."
"JPY registered a minor change in speculative positions, suffering a 1.2k decline in net shorts to –87.5k contracts, which nonetheless extends the short covering the currency has been observing thus far this year. Net JPY shorts amounted to –144.0k contracts at the end of last year."
"Speculative accounts boosted net long NZD positioning during the week—driving net longs up by 1.3k to +19.8k contracts."
"Contrarily, investors reduced net CHF longs by 2.9k to a total of +11.3k contracts."
"As a result of all these changes, the implied aggregate USD position held by the market reversed from a net long of USD 0.8bn to a net short of USD 0.8bn, which continues to reflect a relatively neutral stance on the greenback."