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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
- Friday's CFTC update showed the GBP net position among speculators was at a 52-week high, at 17.5% of open interest. Speculators added close to 9,000 contracts, pushing the 52-week Z-score to the highest of all currencies surveyed at 2.15.
- The uptick in GBP positioning coincided with a firm bull run for the currency, with the CFTC data collected on the same day that GBP/USD hit new multi-year highs of 1.4237.
- Markets also lifted CHF and, to a lesser extent, NZD and MXN.
- The JPY position worsened most notably, with a net 8,500 contracts sold, equivalent of 4.1% of open interest.
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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