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CFTC Report: Traders Hold Net Short Positions In CAD, AUD, And GBP

Published 11/26/2013, 02:29 AM
Updated 12/18/2019, 06:45 AM

Summary

According to the Commodity Futures Trading Commission (CFTC) for data until the 19th of November, traders hold speculative Net Short Positions with the Canadian dollar, the Australian dollar, the British pound and the Japanese Yen while they hold Net Long Positions with the Euro and the Swiss franc as opposed to the US dollar. The US dollar index in the last two weeks consolidated in 81.45/80.48 flag trading pattern.


The Japanese Yen is immediately noticed due to its substantial increase of the Net Short position which increased by $2.07B to $14B, remaining for another week the largest Net Short position compared to other major currencies against the US dollar. Next, the Net Long position on the Euro continued to decrease against the greenback as w/w change was $-1.3B .


CFTC Sentiment vs Exchange Rate

Net Long/Short Chart

Weekly Change In N/L Chart

Commodity Currencies

Net positioning in Canadian remained relatively unchanged with w/w change falling by $27M and the Net short reaching $-1.56B, the sentiment though still remains negative.


CAD Positions Chart
The Australian dollar didn’t change much compared to other currencies although Net Short position continued to build in terms of US dollar. The Net short position increased by $43M to -$3.37B.

AUD Positions Chart
European currencies

The second greatest w/w change of net positioning has been on the Euro. The overall long position narrowed further by $1.3B reaching ultimately $1.5B Net Long, considerably lower from its October record peak at $12.5B. Please note that this is the fourth consecutive week of deterioration in Euro net position. The bearish sentiment remains firm, the exchange rate trend is now neutral to negative.

EUR Positions Chart

The British pound Net Short position narrowed for data until the 19th of November and is now at Net Short by $168M. The w/w positive transition amounted to $0.75B, sentiment remains bearish and exchange rate trend neutral.


GPB Positions Chart



The Net Long position on the Swiss franc narrowed to $503M, sentiment remains bullish despite that w/w change was negative, the rate trend remains positive but vulnerable.


CHF Positions Chart

Asian currencies

Yen firmly keeps the leadership by holding the largest Net Short position against the US dollar and still widening its short side reaching by Nov.19 $-14B, w/w change was negative by $2.06B which strengthens bears.


JPY Positions Chart

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