2 Feb 2015
CFTC FX speculators positioning report – Rabobank
FXStreet (Barcelona) - The Rabobank Team reviews the CFTC FX speculators positioning data.
Key Quotes
“Long USD positions eased off their recent high ahead of last week’s FOMC meeting. In the event the Fed said little by way of objection to USD strength.”
“Meanwhile EUR shorts increased further to their highest level since June 2012. When the SNB stepped away from its EUR/CHF 1.20 floor in mid-January one large EUR buyer was removed from the market. In addition, ECB QE confirmation and Greek political concerns have undermined the EUR.“
“Net JPY shorts dropped for a second week. Concerns over world growth have tempered the bears and increased the demand for the yen as a safe haven.”
“Net GBP shorts consolidated after 5 weeks of gains. Pre-election uncertainty remains a negative sterling factor. However, signs that UK consumption is being lifted by lower food and energy prices could lend a little support.”
“AUD net shorts increased to their highest level for a year ahead of the February RBA meeting. Net CAD shorts dropped back, supported by a better oil price.”
“CHF net shorts dropped further following last month’s SNB’s surprise policy decision.”
Key Quotes
“Long USD positions eased off their recent high ahead of last week’s FOMC meeting. In the event the Fed said little by way of objection to USD strength.”
“Meanwhile EUR shorts increased further to their highest level since June 2012. When the SNB stepped away from its EUR/CHF 1.20 floor in mid-January one large EUR buyer was removed from the market. In addition, ECB QE confirmation and Greek political concerns have undermined the EUR.“
“Net JPY shorts dropped for a second week. Concerns over world growth have tempered the bears and increased the demand for the yen as a safe haven.”
“Net GBP shorts consolidated after 5 weeks of gains. Pre-election uncertainty remains a negative sterling factor. However, signs that UK consumption is being lifted by lower food and energy prices could lend a little support.”
“AUD net shorts increased to their highest level for a year ahead of the February RBA meeting. Net CAD shorts dropped back, supported by a better oil price.”
“CHF net shorts dropped further following last month’s SNB’s surprise policy decision.”