CFTC Commitments of Traders – Net Short of British Pound Futures Increased Further Despite Price Rebound
As suggested in the CFTC Commitments of Traders report in the week ended December 21, NET LENGTH of USD index futures gained +3 874 contracts to 35 115. Speculative long positions rose +3 959 contracts but shorts added +85 contracts. NET SHORT of EUR futures dropped -1 717 contracts...
CFTC Commitments of Traders – EUR and GBP Failed to Gain Strength after Policy Announcements
As suggested in the CFTC Commitments of Traders report in the week ended December 14, NET LENGTH of USD index futures fell -3 624 contracts to 31 241. Speculative long positions slipped -795 contracts but shorts gained +2 829 contracts. NET SHORT of EUR futures rose +3 580 contracts...
CFTC Commitments of Traders – Risky Currencies Recovered Weeks of Selloff
As suggested in the CFTC Commitments of Traders report in the week ended December 3, NET LENGTH of USD index futures fell -1 014 contracts to 34 865. Bets on long and short increased +1 048 contracts and 2 062 contracts, respectively . Concerning European currencies, NET SHORT of...
CFTC Commitments of Traders – JPY’s Net Short Trimmed Sharply on Safe Haven Demand
As suggested in the CFTC Commitments of Traders report in the week ended November 30, NET LENGTH of USD index futures added +104 contracts to 35 879. Bets on both sides fell further. Concerning European currencies, NET SHORT of EUR futures gained +6 788 contracts to 23 240 while...
CFTC Commitments of Traders – Risk Currencies All Got Dumped
As suggested in the CFTC Commitments of Traders report in the week ended November 23, NET LENGTH of USD index futures added +867 contracts to 35 775. Bets on both sides dropped slightly. Concerning European currencies, NET SHORT of EUR futures jumped 12 626 contracts to 18 452 while...
Market Priced in Faster Rate Hike after Powell’s Nomination for Second Term
Hawks were thrilled with Biden’s nomination of Jerome Powell for the second term, thinking that his chairmanship would lead to more rate hikes in the coming year, than that of Lael Brainard, initially viewed as the leading candidate of the Fed Chair in the next term. She is now...
CFTC Commitments of Traders – European Currencies Slumped as Austria Lockdown Raises Concern about Outlook
As suggested in the CFTC Commitments of Traders report in the week ended November 16, NET LENGTH of USD index futures dropped -540 contracts to 34 908. Bets on both sides climbed slightly higher. Concerning European currencies, NET SHORT of EUR futures gained +7 599 contracts to 3 826...
Aussie Dropped as RBA Affirmed that 2022 Rate Hike is Unlikely
RBA Governor Philip Lowe downplayed the likelihood of a rate hike next year at a speech today. Besides reiterating that Australian inflation has been less severe than other economies, he noted that inflation is the the only factor leading to a rate hike. Aussie dropped after his comments.
Lowe noted...
CFTC Commitments of Traders – British Pound Slumped as BOE Refrained from Hike Rate
As suggested in the CFTC Commitments of Traders report in the week ended November 2, NET LENGTH of USD index futures added +525 contracts to 34 982. Bets increased on longs but dropped on shorts. The greenback got supported as the Fed will formally start QE tapering in mid-November....
CFTC Commitments of Traders – GBP Futures Turned to Net Long as BOE Might Hike Rate Next Week
As suggested in the CFTC Commitments of Traders report in the week ended October 26, NET LENGTH of USD index futures dropped -1 477 contracts to 34 457. Bets decreased on both sides. Concerning European currencies, NET SHORT of EUR futures slipped -851 contracts to 11 256. ECB President...
CFTC Commitments of Traders – RIsk Currencies Gained Ground on Improved Sentiment
As suggested in the CFTC Commitments of Traders report in the week ended October 19, NET LENGTH of USD index futures added +872 contracts to 35 934. Bets decreased on both sides. Concerning European currencies, NET SHORT of EUR futures declined -6 291 contracts to 15 483. Speculative shorts...
Bets Increased for a Bigger RBNZ Hike in November. Yield Spread Widened to Above 200 bps with Japan
NZD remains firm. Hopes of a +50 bps rate hike in November have heightened after the strong inflation report. NZ-US yield spread widened to a level not seen since 2017. More remarkably, NZ-JP yield spread widened to over 200 bps. A more prominent policy divergence between the RBNZ and...
CFTC Commitments of Traders – Risk Currency Rebounded on Bargain-Hunting
As suggested in the CFTC Commitments of Traders report in the week ended October 12, NET LENGTH of USD index futures rose +3 306 contracts to 35 062. Bets increased modestly on both sides. Concerning European currencies, NET SHORT of EUR futures dropped -3 936 contracts to 18 398....
CAD Supported by Energy Price Strength. Strong Job Market and Inflation Lifted Yields
Falling to the weakest level since August, USDCAD was the worst performer amongst majors (CAD best performer against USD). Loonie’s rebound was driven by energy prices and strong job data. Elevated inflation also has again heightened speculations about BOC’s rate hike.
The major driver of loonie’s strength was energy price....
CFTC Commitments of Traders – Bets on Lower European Currencies Accelerated amidst Power and Supply Chain Crisis
As suggested in the CFTC Commitments of Traders report in the week ended October 5, NET LENGTH of USD index futures rose +5 565 contracts to 32 026. Bets were trimmed on both sides. Concerning European currencies, EUR futures drifted to NET SHORT of 22 334. Speculative shorts rallied...
CFTC Commitments of Traders- Bets on Lower Euro Jumped amidst Energy Crisis
As suggested in the CFTC Commitments of Traders report in the week ended September 28, NET LENGTH of USD index futures gained +1 361 contracts to 26 461. Concerning European currencies, NET LENGTH in EUR futures slumped -11 223 contracts to just 872. Speculative shorts soared remarkably, by +16...
CFTC Commitments of Traders – USD Supported by Tapering Hopes
As suggested in the CFTC Commitments of Traders report in the week ended September 21, NET LENGTH of USD index futures ADDED +827 contracts to 25 100. The Fed signaled that QE tapering would coon "soon" while half of the committee members projected that rate hike would come as...
CFTC Commitments of Traders – Net Longs Increased USD, EUR and GBP Amidst Tapering Hopes
As suggested in the CFTC Commitments of Traders report in the week ended September 14, NET SHORT of USD index futures gained +2 808 contracts to 24 273. In light of hopes that the Fed would announce plans to taper QE at next week's meeting, traders increased speculative longs...
Aussie’s Weakness Exacerbated by Dovish RBA and Slump in Iron Ore Price
Concerns over inflation, slower economic growth and normalization of monetary stimulus have hurt market sentiment, pressuring commodity currencies over the past week. Among G10 commodity currencies, Australian dollar performed the worst as it was additionally hammered by a dovish RBA and the selloff of iron ore price.
Dovish RBA under...
CFTC Commitments of Traders – Bets on DXY Index Futures and EUR Futures Declined in Both Sides
As suggested in the CFTC Commitments of Traders report in the week ended September 7, NET SHORT of USD index futures added +775 contracts to 21 465. Trades continued to drop on both sides with speculative long positions down -2 803 contracts while speculative shorts down -3 578. Concerning...