CFTC Commitments of Traders – Bet on Lower USD Continued. Expect Risk Appetite to Shrink in Coming Week as Coronavirus Cases Increase in Various...
As suggested in the CFTC Commitments of Traders report in the week ended June 30, NET SHORT for USD Index futures dropped -339 to 4 975 contracts. Speculative long positions decreased +857 contracts and short positions declined -2 180 contracts. Bets on both sides fell as the market remained...
Policy Divergence Continues to Support AUDNZD Strength
Both Australian dollar and New Zealand dollar have outperformed other G7 currencies over the past two months, as investors expressed their confidence to global economic recovery through higher-risk assets. A key reason for Australian dollar's relative better performance over New Zealand dollar, despite the similarities in terms of risk...
CFTC Commitments of Traders – Net Length on Gold Soared to Two-Month High as Rally Resumed
According to the CFTC Commitments of Traders report for the week ended June 23, NET LENGTH for crude oil futures jumped +14 611 contracts to 560 883 for the week. Speculative long positions gained +4 774 contracts while shorts plunged -9 837 contracts. For refined oil products, NET LENGTH...
CFTC Commitments of Traders fx – Bets on USD Still Limited as Traders Weighed Recovery against Second Coronavirus Wave
As suggested in the CFTC Commitments of Traders report in the week ended June 23, NET SHORT for USD Index futures slipped -30 to 5 314 contracts. Speculative long positions increased +857 contracts and short positions added +827 contracts. Bets on both sides climbed slightly and were largely balanced,...
CFTC Commitments of Traders – USD Index Futures Drifted to Net Short
As suggested in the CFTC Commitments of Traders report in the week ended June 16, USD Index drifted to NET SHORT of 5 344 contracts. Speculative long positions decreased -10 080 contracts and short positions slipped -47 contracts. Traders trimmed bets on US dollar as risk appetite lifted other...
CFTC Commitments of Traders – Improved Risk Appetite Weighed on US dollar and Lifted Euro. The Trend may Reverse
As suggested in the CFTC Commitments of Traders report in the week ended June 9, NET LENGTH in USD Index fell -3 569 contracts to 4 689. Speculative long positions increased +2 999 contracts and short positions rose +6 568 contracts. Concerning European currencies, NET LENGTH in EUR futures...
HKD Supported by Low US Yield and Seasonal Factors, Despite Huge Political Uncertainty Ahead
Recent strength of HKD has triggered the territory’s de facto central bank, HKMA, to defend the currency system. The key reasons for strong HKD are broad-based USD weakness, HIBOR-LIBOR spread, semiannual settlement and IPO activities in Hong Kong. Policy uncertainty has taken a backseat as the US government is...
CFTC Commitments of Traders – Traders Trimmed Long bets on USD, whilst Shorts in NZD and CAD Futures Dropped
As suggested in the CFTC Commitments of Traders report in the week ended June 2, NET LENGTH in USD Index fell -6 541 contracts to 8 258. Speculative long positions decreased -3 162 contracts and short positions were up +3 379 contracts. Concerning European currencies, NET LENGTH in EUR...
CFTC Commitments of Traders – Euro Rallied to Highest in 2 Months after European Commission’s Stimulus Plan
As suggested in the CFTC Commitments of Traders report in the week ended May 26, NET LENGTH in USD Index dropped -2 498 contracts to 14 799. Speculative long positions decreased -3 476 contracts and short positions were down -978 contracts. Concerning European currencies, NET LENGTH in EUR futures...
HKD Weakened Despite Widening HIBOR-LIBOR Spread; Hong Kong’s Autonomy at Risk as China Seeks to Impose New Law
Volatility in USDHKD has increased since last week. HKD fell from the strong-side convertibility undertakings against USD after the Chinese Communist Party (CCP) announced the plan to impose national security law in the city. The 12-month HKD FX swap points jumped from 240 to 700 in two days' time....
CFTC Commitments of Traders – NET SHORT of GBP Futures Jumped as Concerns about Brexit Talks Reemerged
As suggested in the CFTC Commitments of Traders report in the week ended May 19, NET LENGTH in USD Index added +847 contracts to 17 297. Speculative long positions gained +559 contracts and short positions were down -288 contracts. Concerning European currencies, NET LENGTH in EUR futures declined -5...
CFTC Commitments of Traders report – Traders Trimmed Bets on USD Futures
As suggested in the CFTC Commitments of Traders report in the week ended May 12, NET LENGTH in USD Index added +25 contracts to 16 450. Speculative long positions dropped -757 contracts and short positions were down -782 contracts. Concerning European currencies, NET LENGTH in EUR futures gained +1...
CFTC Commitments of Traders – Traders Trimmed Bets on USD Index Futures amidst Economic Uncertainty
As suggested in the CFTC Commitments of Traders report in the week ended May 5, NET LENGTH in USD Index added +337 contracts to 16 425. Speculative long positions dropped -1 556 contracts and short positions were down -1 893 contracts. Concerning European currencies, NET LENGTH in EUR futures...
CFTC Commitments of Traders – Bets on Higher Safe Haven Currencies Increased
As suggested in the CFTC Commitments of Traders report in the week ended April 30, NET LENGTH in USD Index added +472 contracts to 16 088. Speculative long positions gained +1 425 contracts and short positions added +953 contracts. Concerning European currencies, NET LENGTH in EUR futures declined -7...
CFTC Commitments of Traders – Bets on Lower British Pound Rose on Disappointing UK Data
As suggested in the CFTC Commitments of Traders report in the week ended April 21, NET LENGTH in USD Index added +259 contracts to 15 616. Speculative long positions gained +989 contracts and short positions added +723 contracts. Concerning European currencies, NET LENGTH in EUR futures rose +601 contracts...
Canadian Dollar Weakness Expected to Catch Up with Recent Oil Price Collapse
Canadian dollar has only edged lower amidst the recent collapse in crude oil price. This is not usual given the strong correlation between the loonie and oil price, as well as the contribution of the energy sector to the country’s economy. We believe the FX market has not fully...
CFTC Commitments of Traders – Traders Bet Higher Euro on First Sign that Coronavirus Pandemic is Under Control
As suggested in the CFTC Commitments of Traders report in the week ended April 14, NET LENGTH in USD Index added +333 contracts to 15 357. Speculative long positions gained +1 044 contracts and short positions added +711 contracts. Concerning European currencies, NET LENGTH in EUR futures rose +6...
CFTC Commitments of Traders – Bets on US Dollar Trimmed while Increased in Safe Haven Currencies
As suggested in the CFTC Commitments of Traders report in the week ended April 7, NET LENGTH in USD Index added +959 contracts to 15 014. Traders trimmed bets on both side as the market awaited more stimulus from the Fed. Speculative long positions dropped -134 contracts and short...
CFTC Commitments of Traders – Bet on Higher Euro should Fade as Data in Eurozone Disappoint
As suggested in the CFTC Commitments of Traders report in the week ended March 31, NET LENGTH in USD Index gained +1 545 contracts to 14 065. Speculative long positions added +496 contracts and short positions dropped -1 049 contracts. Concerning European currencies, NET LENGTH in EUR futures jumped...
CFTC Commitments of Traders – US Dollar Remained Firm again Major Currencies
The reporting period was ahead of Fed's announcement of QE infinity. During the week, US dollar rallied against major currencies. Although the Fed announced to resumed QE, the purchase of US$700B of assets was small as a percentage of US GDP. Meanwhile, as other central banks have announced to...