21 Dec 2014
CFTC Commitments of Traders Report. Week Ending December 16th - TDS
FXStreet (Guatemala) - Analysts at TD Securities offered the CFTC Commitments of Traders Report - Week Ending Tuesday, December 16th.
Key Quotes:
"IMM-based investors and speculative accounts took some risk off the table in the week through Tuesday December 16th. Ahead of the holidays, aggregate positioning long USDs dropped by USD7 bn—the biggest one-week reduction in net long USD positions since the start of the year. The shift still leaves the market quite substantially long the USD but the position has shrunk to the lowest since September".
"Short-covering was widespread among the currencies; net EUR shorts were trimmed to –126.6k contracts from –136.9k in the December 9th week. Net JPY shorts were cut a little more aggressively to –86.9k contracts from –104.1k contracts. Net GBP shorts were cut by nearly 10k contracts to –14.5k. And, in one of the biggest relative positioning changes, net CHF shorts were cut from –22k to just –3.6k this week".
"Among the commodity currencies, net NZD shorts went from small (-2.2k last week) to almost non-existent (just 639 contacts). Net AUD positioning saw a more significant swing, however, dropping more than 10k contracts this week to –34.2k".
"There only two currencies which saw an increase in net short activity this week. The still (quite surprisingly small—considering the currency’s recent slide) net short in the CAD rose a little over 1k to –15.7k contracts. And investors sold the MXN a little more aggressively this week, building net short in the peso up to –52.7k contracts (from –48.5k). The common denominator here is crude oil, which fell some 15% over the reporting period, driving sentiment against both currencies".
Key Quotes:
"IMM-based investors and speculative accounts took some risk off the table in the week through Tuesday December 16th. Ahead of the holidays, aggregate positioning long USDs dropped by USD7 bn—the biggest one-week reduction in net long USD positions since the start of the year. The shift still leaves the market quite substantially long the USD but the position has shrunk to the lowest since September".
"Short-covering was widespread among the currencies; net EUR shorts were trimmed to –126.6k contracts from –136.9k in the December 9th week. Net JPY shorts were cut a little more aggressively to –86.9k contracts from –104.1k contracts. Net GBP shorts were cut by nearly 10k contracts to –14.5k. And, in one of the biggest relative positioning changes, net CHF shorts were cut from –22k to just –3.6k this week".
"Among the commodity currencies, net NZD shorts went from small (-2.2k last week) to almost non-existent (just 639 contacts). Net AUD positioning saw a more significant swing, however, dropping more than 10k contracts this week to –34.2k".
"There only two currencies which saw an increase in net short activity this week. The still (quite surprisingly small—considering the currency’s recent slide) net short in the CAD rose a little over 1k to –15.7k contracts. And investors sold the MXN a little more aggressively this week, building net short in the peso up to –52.7k contracts (from –48.5k). The common denominator here is crude oil, which fell some 15% over the reporting period, driving sentiment against both currencies".