6 Jan 2015
Re-engaging in USD longs and EUR shorts - Nomura
FXStreet (Bali) - For the week ended December 30, non-commercial accounts bought $2.0bn of USD, notes Nomura.
Key Quotes
"For the week ended December 30, non-commercial accounts bought $2.0bn of USD. This continues the trend of re-engaging in the established positioning of USD longs. Similarly, other currencies were sold, most notably EUR (-$0.8bn) and JPY (-$0.4bn)."
"Specs bought $2.0bn of USD on the week ended Tuesday, bringing USD net longs to $48.4bn. Our real-time indicator suggests specs added a further $1.6bn in longs, bringing positioning to $50.0bn."
"EUR was sold to the tune of $0.8bn on the week. This brought positioning back down to -$23.1bn, and a further estimated $0.5bn of selling since has brought positioning lower to -$23.7bn."
"Non-commercial sold $0.4bn worth of JPY by Tuesday, and a further estimated $0.2bn since. This has extended JPY positioning to -$10.3bn."
"MXN positioning was unchanged during the week ended Tuesday and fell a further $0.1bn to -$2.3bn currently. This is the most net short MXN positioning has been historically. Similarly, NZD positioning was unchanged, but remains near its lows."
Key Quotes
"For the week ended December 30, non-commercial accounts bought $2.0bn of USD. This continues the trend of re-engaging in the established positioning of USD longs. Similarly, other currencies were sold, most notably EUR (-$0.8bn) and JPY (-$0.4bn)."
"Specs bought $2.0bn of USD on the week ended Tuesday, bringing USD net longs to $48.4bn. Our real-time indicator suggests specs added a further $1.6bn in longs, bringing positioning to $50.0bn."
"EUR was sold to the tune of $0.8bn on the week. This brought positioning back down to -$23.1bn, and a further estimated $0.5bn of selling since has brought positioning lower to -$23.7bn."
"Non-commercial sold $0.4bn worth of JPY by Tuesday, and a further estimated $0.2bn since. This has extended JPY positioning to -$10.3bn."
"MXN positioning was unchanged during the week ended Tuesday and fell a further $0.1bn to -$2.3bn currently. This is the most net short MXN positioning has been historically. Similarly, NZD positioning was unchanged, but remains near its lows."