17 Nov 2015
CFTC positioning: EUR shorts rose for third week - Rabobank
FXStreet (Delhi) – Jane Foley, Senior FX Strategist at Rabobank, lists down the IMM Net Speculators’ Positioning as on 10 November 2015.
Key Quotes
“EUR shorts have pushed higher for a third consecutive week and have risen to their highest levels since June on expectation of further easing from the ECB next month.”
“Simultaneously USD longs have climbed for the third consecutive week on anticipation of a rate hike from the Fed in December. That said, with US prices pressures still moderate, USD hawks have been contained and USD longs remain below the levels recorded in early October.”
“Net sterling positions dropped heavily into negative territory on the back of the dovish tone of BoE Governor Carney at the delivery of the November Inflation Report.”
“JPY shorts gained ground for a third consecutive week. Although the BoJ disappointing some by leaving policy on hold last month, easing speculation remains.”
“CHF positions edged further into negative territory potentially on speculation of further SNB policy measures.”
“Net AUD shorts moved higher. Weak coal and iron ore prices remains a source of pressure. CAD shorts dropped a touch, the outlook for crude oil prices remains key.”
Key Quotes
“EUR shorts have pushed higher for a third consecutive week and have risen to their highest levels since June on expectation of further easing from the ECB next month.”
“Simultaneously USD longs have climbed for the third consecutive week on anticipation of a rate hike from the Fed in December. That said, with US prices pressures still moderate, USD hawks have been contained and USD longs remain below the levels recorded in early October.”
“Net sterling positions dropped heavily into negative territory on the back of the dovish tone of BoE Governor Carney at the delivery of the November Inflation Report.”
“JPY shorts gained ground for a third consecutive week. Although the BoJ disappointing some by leaving policy on hold last month, easing speculation remains.”
“CHF positions edged further into negative territory potentially on speculation of further SNB policy measures.”
“Net AUD shorts moved higher. Weak coal and iron ore prices remains a source of pressure. CAD shorts dropped a touch, the outlook for crude oil prices remains key.”