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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
- The GBP net long improved further in the week-ending Jul 2nd, presaging the eight session rally in GBP/USD as positioning touches 31.3% of open interest - another 52w high. The smooth government transition across the general election will have aided currency strength, with some sell-side analysts bolstering their UK growth outlooks following the results.
- AUD, NZD net positioning rose in tandem, by ~5% of open interest apiece. This reduces the AUD net short to 8% of OI, the smallest net short in a year - and supports the view that the rally from 0.66 to 0.6750 was largely driven by short-covering. The AUD positioning Z-score is now the highest of all currencies surveyed at 3.2.
- The JPY, CAD, CHF net shorts grew, while MXN positioning was broadly unchanged. 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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