Back
31 Dec 2014
CFTC Commitments of Traders Report - TDS
FXStreet (Guatemala) - Analysts at TD Securities offered the CFTC Commitments of Traders Report - Week Ending Tuesday, December 23rd
Key Quotes:
“Speculative investors and CTA-type accounts ramped up their exposure to the USD on the week ending on Tuesday Dec 23rd, bringing it more in line with the performance observed since early October, after a less bullish bet on the USD had been observed on the previous CFTC Commitments of Traders report. In all, the implied USD net long position rose to $42.1bn from $37.1bn the week prior”.
“The most notorious change was a net short extension in EUR positioning equivalent to roughly 20K contracts, which landed total net shorts on the currency at -146.6K contracts. Net CHF shorts were increased in tandem, with a final tally of -16.8K net shorts from -3.7K the week prior”.
"MXN also showed a fairly sizeable increase in net shorts, with a reading of -63.4K contracts from -52.8K contracts on Dec 16th. The JPY also saw a build-up in net short positions, going from -86.9K to -93.7K last week".
"Investors' sentiment towards the AUD (-39.2K from -34.2K), NZD (-1.4K from -0.6K), and the GBP (-15.2K from -14.6K) also deteriorated during the intervening period".
"Actually, the only currency that saw an overall less pessimistic outcome was the CAD, which registered short covering to the tune of 3.5K contracts for a total net short of -12.2K".
Key Quotes:
“Speculative investors and CTA-type accounts ramped up their exposure to the USD on the week ending on Tuesday Dec 23rd, bringing it more in line with the performance observed since early October, after a less bullish bet on the USD had been observed on the previous CFTC Commitments of Traders report. In all, the implied USD net long position rose to $42.1bn from $37.1bn the week prior”.
“The most notorious change was a net short extension in EUR positioning equivalent to roughly 20K contracts, which landed total net shorts on the currency at -146.6K contracts. Net CHF shorts were increased in tandem, with a final tally of -16.8K net shorts from -3.7K the week prior”.
"MXN also showed a fairly sizeable increase in net shorts, with a reading of -63.4K contracts from -52.8K contracts on Dec 16th. The JPY also saw a build-up in net short positions, going from -86.9K to -93.7K last week".
"Investors' sentiment towards the AUD (-39.2K from -34.2K), NZD (-1.4K from -0.6K), and the GBP (-15.2K from -14.6K) also deteriorated during the intervening period".
"Actually, the only currency that saw an overall less pessimistic outcome was the CAD, which registered short covering to the tune of 3.5K contracts for a total net short of -12.2K".