17 Nov 2015
Dollar longs accumulation continues – Nomura
FXStreet (Delhi) – Research Team at Nomura, notes that according to the IMM data for the week ended November 10, non-commercial accounts bought $6.7bn USD, bringing positioning to $38.2bn.
Key Quotes
“Since Tuesday, we estimate that a further $1.3bn of new longs were added, such that estimated positioning is now $39.5bn. This is the most net long USD has been since August, and is more than twice the net long positions from October 20 ($15.8bn).”
“EUR shorts continued to build with $0.7bn of EUR selling on the week ended Tuesday and a further $0.3bn of selling since. Estimated EUR positioning is now -$19.4bn, the most net short EUR has been since June.”
“JPY was another major currency against which USD was bought. On the week ended Tuesday, specs sold $2.3bn of JPY, and a further $0.5bn was sold since, bringing estimated positioning to -$7.3bn. This is the most net short JPY has been since August.”
“AUD shorts increased by $0.9bn on the week ended Tuesday and a further $0.2bn since, bringing estimated net positioning to -$4.0bn. Shorts have increased 60% since the lows in October (-$2.5bn on 13 October).”
Key Quotes
“Since Tuesday, we estimate that a further $1.3bn of new longs were added, such that estimated positioning is now $39.5bn. This is the most net long USD has been since August, and is more than twice the net long positions from October 20 ($15.8bn).”
“EUR shorts continued to build with $0.7bn of EUR selling on the week ended Tuesday and a further $0.3bn of selling since. Estimated EUR positioning is now -$19.4bn, the most net short EUR has been since June.”
“JPY was another major currency against which USD was bought. On the week ended Tuesday, specs sold $2.3bn of JPY, and a further $0.5bn was sold since, bringing estimated positioning to -$7.3bn. This is the most net short JPY has been since August.”
“AUD shorts increased by $0.9bn on the week ended Tuesday and a further $0.2bn since, bringing estimated net positioning to -$4.0bn. Shorts have increased 60% since the lows in October (-$2.5bn on 13 October).”