MNI: BANXICO RATE CUT DECISION 4-1; HEATH VOTED TO HOLD

MNI: BANXICO CUTS RATES BY 25 BPS TO 10.50%

MNI BRIEF: Canada Business Closure Rate Highest Since Pandemic

MNI CNB WATCH: More Easing, But Tight Policy Still Needed

MNI China Daily Summary: Thursday, September 26

MNI BRIEF: China GDP Growth Likely 4.8% In Q3 - BOC

EZ/UK Bond Supply Calendar: 5/5/10-Year BTPs / CCTeu Due Friday

US EIA:NAT GAS STORAGE +47 BCF TO 3,492 BCF SEP 20 WK

MNI: US NAR AUG PENDING HOME SALES INDEX 70.6 V 70.2 IN JUL

CANADA: Politics Week: Parliament Opens With Early Election Threats

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

FOREX: Short AUD Positions Built Ahead of Last Week's FOMC

FOREX
BulletMarketsFixed Income BulletsForeign Exchange Bullets

CFTC positioning data generally saw shifts towards the USD in the lead up to last week's Fed announcement. The table below outlines the weekly change and outright positions across leveraged investors and asset managers. This data is the for the week ending the 17th of September (so last Tuesday). 

  • By currency, in the leveraged space, we saw extension of shorts against the USD, for JPY and AUD, while GBP longs were cut back noticeably. CAD shorts were added to as well.
  • For asset managers the modest yen long was added to, but EUR and GBP longs were cut. GBP/USD's position for asset managers is almost back to flat. AUD/USD shorts were added to in a decent size as well. 

Table 1: CFTC FX Positioning Data As At End Sep 17 2024 

Keep reading...Show less
144 words

To read the full story

Close

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 positioning data generally saw shifts towards the USD in the lead up to last week's Fed announcement. The table below outlines the weekly change and outright positions across leveraged investors and asset managers. This data is the for the week ending the 17th of September (so last Tuesday). 

  • By currency, in the leveraged space, we saw extension of shorts against the USD, for JPY and AUD, while GBP longs were cut back noticeably. CAD shorts were added to as well.
  • For asset managers the modest yen long was added to, but EUR and GBP longs were cut. GBP/USD's position for asset managers is almost back to flat. AUD/USD shorts were added to in a decent size as well. 

Table 1: CFTC FX Positioning Data As At End Sep 17 2024 

Keep reading...Show less