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.
Full piece here: https://emedia.marketnews.com/marketnewsintl/MNIFXPositioningIndicator1307.pdf
MNIFXPositioningIndicator1307.pdf
Markets erase multi-year AUD net short
In the week leading up to 10th July, speculators made most notable changes to JPY, MXN, CAD and GBP positions. The JPY net long was trimmed by over 7,000 contracts, although the outright position remains within recent ranges.
In a sharp turnaround, the net short position in the AUD that's been in place since H1 2018 now looks to have been almost completely erased. CFTC data showed markets boost the net AUD position by over 2,000 contracts – boosting the 52-week Z-score to the highest level for the currencies surveyed. This is a marked turnaround from the circa 54,000 contract net short position in March.
Figure 1: JPY, MXN position trimmed, GBP, CAD position builds
Source: MNI/CFTC
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.