2 May 2016
Leveraged funds increased AUD net longs - Westpac
Research Team at Westpac, notes that the CFTC’s Commitment of Traders report showed that speculators were very much positioned the wrong way on the eve of Australia’s stunning inflation data.
Key Quotes
“Leveraged funds had increased AUD net longs from 45.2k to 61.2k in the week to 26 April, their most bullish AUD position since Apr 2013. Little wonder AUD/USD fell so sharply on the revival of RBA easing expectations.”
Key Quotes
“Leveraged funds had increased AUD net longs from 45.2k to 61.2k in the week to 26 April, their most bullish AUD position since Apr 2013. Little wonder AUD/USD fell so sharply on the revival of RBA easing expectations.”