30 Oct 2013
Flash: Latest CFTC confirms specs soldl USD for 4th straight week - Nomura
FXstreet.com (Barcelona) - CFTC released positioning data on Oct 29 for the week ending October 8th, delay caused due to the government shutdown. Below are the main highlights courtesy of Nomura.
Key Quotes
"The week ending October 8th there was $4.0 bn of USD selling, which pushed USD positioning further into net short territory (to -$4.6bn). JPY shorts were reduced by $3.1bn to reach -$7.4bn overall, the least short in almost a year."
"Specs continued to sell USD for the fourth straight week as the government shutdown continued into its second week. This continued the strong downward trend in USD positioning, shifting from net longs of $23.5bn on September 10 to net short of -$4.6bn on October 8, reaching its lowest net short position since February 12. Our estimates suggest that this trend continued through the end of the week."
"EUR longs increased slightly (from $11.5bn to $11.7bn) during the week, further pushing new highs (since May 2011). CHF longs increased by $0.5bn to $1.4bn, while GBP longs increased by $0.7bn to $0.9bn, pushing both to new highs (since January)."
"JPY shorts were reduced by $3.1bn to -$7.4bn to reach the least net short since November 2012. Our estimates suggest that this trend continued through the end of the week, with positioning reduced to -$5.9bn
Key Quotes
"The week ending October 8th there was $4.0 bn of USD selling, which pushed USD positioning further into net short territory (to -$4.6bn). JPY shorts were reduced by $3.1bn to reach -$7.4bn overall, the least short in almost a year."
"Specs continued to sell USD for the fourth straight week as the government shutdown continued into its second week. This continued the strong downward trend in USD positioning, shifting from net longs of $23.5bn on September 10 to net short of -$4.6bn on October 8, reaching its lowest net short position since February 12. Our estimates suggest that this trend continued through the end of the week."
"EUR longs increased slightly (from $11.5bn to $11.7bn) during the week, further pushing new highs (since May 2011). CHF longs increased by $0.5bn to $1.4bn, while GBP longs increased by $0.7bn to $0.9bn, pushing both to new highs (since January)."
"JPY shorts were reduced by $3.1bn to -$7.4bn to reach the least net short since November 2012. Our estimates suggest that this trend continued through the end of the week, with positioning reduced to -$5.9bn