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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
- Speculators added a 1.4k contracts to the net short CHF position, putting the outright level its lowest since 2007. The overall position now sits at 46.3% of open interest - the largest short in G10, having overtaken the JPY in the past month. The CHF positioning Z-score has now hit a new series low of -1.93.
- Concurrently, markets built the GBP and NZD net positions by 6.7% and 9.6% respectively as speculators build net longs across both currencies. This leaves GBP net length as the largest across across G10 at 16.1% of open interest, although this still remains short of the 52w high.
- JPY short covering takes the net position further off the 52w low posted earlier this year, but markets remain outright short. Nonetheless, the relative position is improving, evidenced in the 52w Z-score rising to -0.69 on an OI basis.
- Full metrics 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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