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29 Jul 2014
CFTC Commitment of Traders Report, EUR shorts ramped up - Rabobank
FXStreet (Guatemala) - Analysts spelled out the IMM Net Positioning as at 22 July 201 from the CFTC traders report.
Key Quotes:
"Speculators ramped up their short EUR positioning. EUR has found itself under strong pressure and having taken out many key levels, fresh short positions have been entered. Speculator positioning in EUR is now at its shortest since November 2012".
"Long USD positioning slightly increased as geopolitical concerns lent some support, although given the rise in risk, the safe-haven bid has been rather muted".
"CAD longs continued to increase and stand at their highest level since February of last year".
"AUD long positioning was little changed".
"MXN longs increased as the currency benefits from positive developments relating to the energy reforms in Mexico".
"GBP longs continue to decrease as GBP finds itself under pressure. A lot of good news was priced into GBP but the market now seems to be taking a slightly more cautious stance".
"JPY shorts decreased again but still remain within recent ranges. On and off demand for safe haven assets and reduced hopes of further BoJ stimulus have dominated attention recently".
"CHF shorts increased moderately and are now at levels not seen since November of last year".
Key Quotes:
"Speculators ramped up their short EUR positioning. EUR has found itself under strong pressure and having taken out many key levels, fresh short positions have been entered. Speculator positioning in EUR is now at its shortest since November 2012".
"Long USD positioning slightly increased as geopolitical concerns lent some support, although given the rise in risk, the safe-haven bid has been rather muted".
"CAD longs continued to increase and stand at their highest level since February of last year".
"AUD long positioning was little changed".
"MXN longs increased as the currency benefits from positive developments relating to the energy reforms in Mexico".
"GBP longs continue to decrease as GBP finds itself under pressure. A lot of good news was priced into GBP but the market now seems to be taking a slightly more cautious stance".
"JPY shorts decreased again but still remain within recent ranges. On and off demand for safe haven assets and reduced hopes of further BoJ stimulus have dominated attention recently".
"CHF shorts increased moderately and are now at levels not seen since November of last year".