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Global Macro
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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessJ.P.Morgan: Modest Short Covering Of USD Positions To Start The Year
J.P.Morgan write “demand for USD calls has outpaced puts across most liquid pairs to begin the year, albeit the extent of short covering overall still looks fairly modest in both options and FX futures.”
- “Topside demand in EUR/CHF and USD/CHF in options remain a theme to start the year.”
- “Long-AUD positioning could be impeding more substantive gains in spot, including vs NZD.”
- “GBP was the only currency to not cede positioning to USD in the futures space last week, and overall sterling remains the net-longest currency vs USD in the CFTC data.”
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.