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11 May 2015
CFTC: USD net longs at lowest level since December 14 – Rabobank
FXStreet (Barcelona) - The Rabobank Team shares the IMM Net Speculators’ Positioning as at 5 May 2015.
Key Quotes
“USD longs fell for the third consecutive week as investors repositioned for a later first Fed rate hike. Although net positioning is still firmly in long territory, USD net longs are at their lowest level since December of last year.”
“EUR shorts pared back further, though they remain at fairly elevated levels. Better economic data in the Eurozone is supportive, though Greek concerns remain a drag on the EUR.”
“GBP net shorts dropped just ahead of the UK general election last week. News that the right leaning Conservative party have managed to win a majority is likely to lend further support to GBP.”
“JPY shorts increased markedly. Talk of a summer rate cut from the BoJ remains in light of slow Japanese growth and inflation data.”
“CHF net positions have held just above zero for six consecutive weeks with Grexit uncertainty likely a factor.”
“AUD positions jumped sharply back into positive territory on talk that the RBA’s easing cycle may be over. CAD net shorts decreased further as rebounding oil prices support the currency.”
Key Quotes
“USD longs fell for the third consecutive week as investors repositioned for a later first Fed rate hike. Although net positioning is still firmly in long territory, USD net longs are at their lowest level since December of last year.”
“EUR shorts pared back further, though they remain at fairly elevated levels. Better economic data in the Eurozone is supportive, though Greek concerns remain a drag on the EUR.”
“GBP net shorts dropped just ahead of the UK general election last week. News that the right leaning Conservative party have managed to win a majority is likely to lend further support to GBP.”
“JPY shorts increased markedly. Talk of a summer rate cut from the BoJ remains in light of slow Japanese growth and inflation data.”
“CHF net positions have held just above zero for six consecutive weeks with Grexit uncertainty likely a factor.”
“AUD positions jumped sharply back into positive territory on talk that the RBA’s easing cycle may be over. CAD net shorts decreased further as rebounding oil prices support the currency.”