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26 Jun 2015
FX: CFTC Commitments of Traders Report - TDS
FXStreet (Guatemala) - Analysts at TD Securities noted the CFTC Commitments of Traders Report Week Ending Tuesday, June 23rd.
Key Quotes:
"After a two weeks of consolidation, IMM-based speculators and investors lifted their overall bullish bet on the USD again in the June 23rd week, taking the aggregate bet on the USD against the major currencies back to USD27.9bn, according to our calculations (from USD26.2bn in the prior week’s data).
Normal service has been resumed, with the EUR accounting for the bulk of the positioning change this week. Investors lifted the net short bet on the EUR by almost exactly 10k contracts to –99k, worth a little more than USD 1 bn in the overall positioning change.
Net short JPY positions rose to –87.7k contracts (from –80k) while net long CHF positions rose modestly to +7k (from +5.3k) this week. Despite rising Greece uncertainties, there was no obviously strong demand for safe havens through Tuesday, it would appear. Net GBP shorts were trimmed modestly (-22k contracts, from –25k in the June 1th week).
In the commodity bloc, investors continued to build a large net short NZD position (-13.5k contracts—sizable for this market) and more than doubled net short AUD positions to –9k contracts. Net short CAD positions were lifted to –17.5k contracts this week, from –12.2k. Net short MXN positions were halved to –27.8k, taking risk here back to early May levels."
Key Quotes:
"After a two weeks of consolidation, IMM-based speculators and investors lifted their overall bullish bet on the USD again in the June 23rd week, taking the aggregate bet on the USD against the major currencies back to USD27.9bn, according to our calculations (from USD26.2bn in the prior week’s data).
Normal service has been resumed, with the EUR accounting for the bulk of the positioning change this week. Investors lifted the net short bet on the EUR by almost exactly 10k contracts to –99k, worth a little more than USD 1 bn in the overall positioning change.
Net short JPY positions rose to –87.7k contracts (from –80k) while net long CHF positions rose modestly to +7k (from +5.3k) this week. Despite rising Greece uncertainties, there was no obviously strong demand for safe havens through Tuesday, it would appear. Net GBP shorts were trimmed modestly (-22k contracts, from –25k in the June 1th week).
In the commodity bloc, investors continued to build a large net short NZD position (-13.5k contracts—sizable for this market) and more than doubled net short AUD positions to –9k contracts. Net short CAD positions were lifted to –17.5k contracts this week, from –12.2k. Net short MXN positions were halved to –27.8k, taking risk here back to early May levels."