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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.
FOREX
Figure 1: USD net long trimmed to smallest in two years
- CFTC CoT data shows markets trimmed the USD Index net long further last week, putting the net position at the closest to flat since mid-2021.
- Markets built AUD and CHF positions at the fastest pace into the week ending August 8th - trimming the net short in both respective currencies.
- The NZD and CAD net positions were trimmed by 5.3% and 4.6% of open interest respectively, putting positioning across both back to neutral after maintaining a minor net long.
- Markets continue to be the most net long MXN, GBP and EUR, with JPY positioning the most notable net short. Nonetheless, positioning across most currencies in G10 remains off 52w extremes.
Figure 2: Markets maintain GBP, MXN as biggest net longs
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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