The weekly speculative position shows increasing short positions on the euro and on the Swiss Franc. On the other side, both currencies have appreciated, what they should not do if net short positions increase. Therefore there is a different phenomenon. Real money, .e.g in the form of cash, bonds, stocks or real estate that is invested in the euro area or in Switzerland. For Switzerland, we will see this in the weekly sight deposits. Mosts texts by Marc Chandler My articles My siteAbout meMy booksFollow on:TwitterAmazonSeeking AlphaLinkedIN In a reporting period that covered a narrowing of the US Presidential polls and the run-up to FOMC meeting and US employment data, speculators made only small adjustments to their positions in the currency futures. We track 16 gross positions of eight currency futures. In the most recent reporting weeks, 10 of these 16 gross positions were changed by less than 3k contracts. There were two notable exceptions to this generalization. First, speculators had been building a large gross long euro position. It had approached record levels, but in the reporting week ending November 1, speculators liquidated 16.4k contracts, snapped a six-week accumulation period. The gross long position stands at 126.4k contracts.
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The weekly speculative position shows increasing short positions on the euro and on the Swiss Franc. On the other side, both currencies have appreciated, what they should not do if net short positions increase. Therefore there is a different phenomenon. Real money, .e.g in the form of cash, bonds, stocks or real estate that is invested in the euro area or in Switzerland. For Switzerland, we will see this in the weekly sight deposits.
1-Nov | Commitment of Traders | |||||
Net | Prior | Gross Long | Change | Gross Short | Change | |
Euro | -137.4 | -123.9 | 126.4 | -16.4 | 263.8 | -2.9 |
Yen | 43.2 | 44.6 | 81.0 | -1.4 | 37.9 | 0.6 |
Sterling | -83.0 | -84.0 | 63.7 | 0.1 | 146.7 | -0.9 |
Swiss Franc | -20.0 | -18.7 | 12.7 | -6.1 | 32.7 | -4.8 |
C$ | -16.0 | -13.3 | 35.7 | 2.4 | 51.7 | 5.1 |
A$ | 40.0 | 31.9 | 85.5 | 2.4 | 44.7 | -6.6 |
NZ$ | -1.0 | -0.4 | 28.6 | -0.9 | 29.5 | -0.4 |
Mexican Peso | -36.5 | -25.3 | 30.8 | 2.2 | 67.3 | 13.3 |
(CFTC, Bloomberg) Speculative positions in 000’s of contracts |