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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CFTC
- Markets reversed a large part of the AUD net short by buying a net 19k contracts, putting the net position further off the 52w low to meet 31% of open interest. This tips the 52w Z-Score to 0.64 and potentially showing short-term momentum improvement since the nadir of mid-March.
- Conversely, the NZD position slipped, as markets sold a net of 2.6k contracts to deepen the net short. NZD shorts now account for a net 20% of open interest. The data, accurate as of the 7th May close, captured the poorer-than-expected Q1 labour market data, with employment change surprising lower (-0.2% vs. Exp. +0.3% Q/Q, unemployment rate at 4.3% vs. Exp. 4.2%).
- The JPY, GBP and EUR net positions gained, while CAD, CHF and MXN deteriorated. On a Z-score basis, CHF and EUR show the most negative readings, while MXN and now AUD are the most positive. Full update here:
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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