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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
- Last week’s CFTC CoT release showed the market swung to a net short USD for the first time since 2021 - potentially seeing the USD further exposed to corrective rallies on strong data releases – as was the case on yesterday’s ISM Manufacturing release. This may build focus for the ISM Services index due on Wednesday, as well as the Nonfarm Payrolls report following on Friday
- NZD and CAD positions saw the most notable shifts last week, with net short positions across both currencies rising by over 10% of open interest. This puts
- The GBP net long faded off a 52-week high as markets trimmed a net of 18k contracts across the week, while the CHF short position was trimmed modestly, by 1.4% of open interest.
- This leaves the EUR and AUD positioning Z-scores as the lowest among all currencies surveyed, and the MXN the highest. Full data 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.
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