5 May 2014
Largest change in specs positioning was in USD - Nomura
FXStreet (Bali) - As Nomura notes, for the week ended April 30, the largest change in specs positioning was in USD, with $1.3bn of buying.
Key Quotes
"Speculative accounts also bought $0.5bn of CAD, the only other currency besides USD to be bought on the week. They sold AUD (-$0.5bn), GBP (-$0.4bn), JPY (-$0.4bn), NZD (-$0.2bn), and MXN (-$0.2bn), however, while EUR and CHF were flat."
"Speculative accounts bought $1.3bn of USD, which brought USD positioning off of recent lows to -$4.2bn. Our real time indicators estimate that specs sold $1.8bn of USD by Friday‟s close, however, bringing overall positioning down to -$6.0bn."
"EUR was flat on the week through Tuesday. However, we estimate that since Tuesday speculative accounts bought $1.1bn worth of EUR. This would bring EUR to a net long of $5.6bn by Friday from $4.4bn on Tuesday."
"GBP, AUD, NZD, and CHF positioning retreated marginally from their recent positioning highs, though positioning still remains net long and towards the high end of the distribution of the past year."
Key Quotes
"Speculative accounts also bought $0.5bn of CAD, the only other currency besides USD to be bought on the week. They sold AUD (-$0.5bn), GBP (-$0.4bn), JPY (-$0.4bn), NZD (-$0.2bn), and MXN (-$0.2bn), however, while EUR and CHF were flat."
"Speculative accounts bought $1.3bn of USD, which brought USD positioning off of recent lows to -$4.2bn. Our real time indicators estimate that specs sold $1.8bn of USD by Friday‟s close, however, bringing overall positioning down to -$6.0bn."
"EUR was flat on the week through Tuesday. However, we estimate that since Tuesday speculative accounts bought $1.1bn worth of EUR. This would bring EUR to a net long of $5.6bn by Friday from $4.4bn on Tuesday."
"GBP, AUD, NZD, and CHF positioning retreated marginally from their recent positioning highs, though positioning still remains net long and towards the high end of the distribution of the past year."