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FOREX: Mixed CFTC Positioning Shifts As Year End Approaches

FOREX
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CFTC positioning for the week ending Tuesday 10th of Dec showed mixed trends between leveraged and asset manager investors. The leveraged bias was mostly in favour of the USD, while real money managers were more mixed, with some of the majors seeing support against the dollar. 

  • For yen, both leveraged and asset manager investors added to yen positions last week. Leveraged investors are still net short, but asset managers flipped back to longs, albeit a modest one.
  • Leveraged contracts sold both EUR and GBP, adding to net EUR shorts. The opposite was true for asset managers, adding for both currencies (net shorts remain for GBP though).
  • AUD trends were also mixed, asset managers added to shorts. CAD shorts were added to by for leveraged and asset manager contracts.
  • The overall bias still appears for a firmer USD. In the leveraged space, only GDP is a long. For asset managers this is JPY, EUR and MXN.  

Table 1: CFTC FX Positioning By Currency & Type Of Investor

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CFTC positioning for the week ending Tuesday 10th of Dec showed mixed trends between leveraged and asset manager investors. The leveraged bias was mostly in favour of the USD, while real money managers were more mixed, with some of the majors seeing support against the dollar. 

  • For yen, both leveraged and asset manager investors added to yen positions last week. Leveraged investors are still net short, but asset managers flipped back to longs, albeit a modest one.
  • Leveraged contracts sold both EUR and GBP, adding to net EUR shorts. The opposite was true for asset managers, adding for both currencies (net shorts remain for GBP though).
  • AUD trends were also mixed, asset managers added to shorts. CAD shorts were added to by for leveraged and asset manager contracts.
  • The overall bias still appears for a firmer USD. In the leveraged space, only GDP is a long. For asset managers this is JPY, EUR and MXN.  

Table 1: CFTC FX Positioning By Currency & Type Of Investor

Keep reading...Show less