CFTC Spec positioning – ANZ

By FXStreet FXStreet (Guatemala) – Analysts at ANZ offered the positioning for the week ending 15 September 2014 of the CFTC.

Key Quotes:

“The latest CFTC positioning data (for the week ended 15 September) showed a fall in leveraged accounts’ long USD positions in both aggregated positioning against individual G7 currencies as well as direct positioning on the DXY index. It appears that leveraged funds trimmed their bets in favour of the USD ahead of the US FOMC meeting, which was widely seen as a close call.

Leveraged accounts reduced their total net USD longs against individual currencies by USD1.9bn to USD16.5bn (see Figure 3 in PDF). Price action last Friday suggests that there could have been further trimming of long USD positions post the FOMC’s no-go decision.

The bulk of the reduction in net USD longs was seen against commodity currencies –AUD, CAD, and NZD – by USD1.6bn, USD0.6bn, and USD0.4bn respectively. At USD2bn, net USD longs against the AUD was at the lowest in 11 weeks. Against the NZD, net USD longs of USD0.5bn were the least in 16 weeks. See Figures 9, 10, and 11 in PDF.

Leveraged accounts also reduced their net long USD bets against the CHF by USD0.9bn to USD0.1bn, the …read more

Source:: FX Street