Leveraged Funds Pare Back Net Usd Longs for the Second Consecutive Week – Cftc

CFTC Speculative Positioning data for the week ending 13 December 2016 showed that leveraged funds pared back their net long USD positions for the second consecutive week by a further USD1.2bn to USD26.7bn, ahead of the FOMC meeting. Post a hawkish Fed, long USD positions may have been put back.

Net EUR short positions were reduced by USD2.3bn to USD15.4bn, the lowest in ten weeks. GBP buying continued for the second consecutive week with funds lowering their net GBP shorts by USD 0.6bn to USD 3.1bn.

Funds maintained AUD and NZD long positions. USD0.2bn net AUD longs were added, while NZD long position of USD1.3bn was held little changed from the previous week.

Net selling was seen in JPY and CAD. Funds added USD2bn to take their net short JPY position to USD5.4bn, the seventh consecutive week of net selling and the biggest short since December 2015. Funds added USD0.1bn to take their net short CAD position to USD1.9bn.

The material has been provided by InstaForex Company – www.instaforex.com

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