12 Jan 2015
USD positioning to new record highs - Nomura
FXStreet (Bali) - For the week ended January 6, non-commercial accounts bought $4.5bn of USD, pushing USD positioning to new record highs at $52.9bn.
Key Quotes
"For the week ended January 6, non-commercial accounts bought $4.5bn of USD. This pushed USD positioning to new record highs at $52.9bn. At the same time EUR was sold, bringing positioning to -$24.0bn, close to the recent lows of -$28.1bn."
"Specs bought $4.5bn of USD on the week ended Tuesday, bringing USD net longs to $52.9bn. Our real-time indicator suggests specs added a further $2.0bn in longs, bringing positioning to an estimated $54.9bn."
"EUR was sold to the tune of $0.9bn on the week. This brought positioning back down to -$24.0bn, and a further estimated $0.8bn of selling since has brought positioning lower to -$24.8bn."
"Non-commercial sold $0.5bn worth of GBP by Tuesday, and a further estimated $0.4bn since. This brought GBP positioning down to -$2.4bn by Tuesday, and an estimated - $2.9bn by Friday‟s close. This would be near the recent lows of -$3.0bn from early December."
"CHF shorts increased by $0.9bn on the week. This brought shorts to -$3.0bn, around the recent lows. A further estimated $0.3bn of selling since has brought CHF positioning to -$3.3bn, the most net short CHF has been since June 2013."
Key Quotes
"For the week ended January 6, non-commercial accounts bought $4.5bn of USD. This pushed USD positioning to new record highs at $52.9bn. At the same time EUR was sold, bringing positioning to -$24.0bn, close to the recent lows of -$28.1bn."
"Specs bought $4.5bn of USD on the week ended Tuesday, bringing USD net longs to $52.9bn. Our real-time indicator suggests specs added a further $2.0bn in longs, bringing positioning to an estimated $54.9bn."
"EUR was sold to the tune of $0.9bn on the week. This brought positioning back down to -$24.0bn, and a further estimated $0.8bn of selling since has brought positioning lower to -$24.8bn."
"Non-commercial sold $0.5bn worth of GBP by Tuesday, and a further estimated $0.4bn since. This brought GBP positioning down to -$2.4bn by Tuesday, and an estimated - $2.9bn by Friday‟s close. This would be near the recent lows of -$3.0bn from early December."
"CHF shorts increased by $0.9bn on the week. This brought shorts to -$3.0bn, around the recent lows. A further estimated $0.3bn of selling since has brought CHF positioning to -$3.3bn, the most net short CHF has been since June 2013."