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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.
USD
In the week to 21 of Nov (last Tuesday) we saw a decent shift against the USD according to CFTC positioning data released on Monday during US trade.
- Net EUR longs rose +20.7k to 126.6k. This is back to early Sep levels from a positioning standpoint. It was also the biggest weekly change since mid-July in terms of net longs.
- GBP was also bought, +1.6k, along with CHF (+1.2k). Yen shorts were also cut back, +24.8k to -105k.
- Interestingly, AUD shorts were added to -7k, taking net positioning to -78k. CAD shorts were reduced though by nearly 5k.
- In the EM space, MXN longs were added to +15.5k.
Fig 1: EUR/USD Versus Net EUR CFTC Positioning (Non-Commercial)
Source: MNI - Market News/CFTC/Bloomberg
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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