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19 May 2014
EUR saw the biggest decline in net positioning - ANZ
FXStreet (Bali) - ANZ summarizes the positioning data for the week ending 13 May 2014, period in which specs turned short Euro for the first time in three months.
Key Quotes
"Leveraged funds reduced their net short positions against the USD by USD6.9bn after the prior week’s increment, likely reflecting the reduction in net long positioning in both EUR and GBP."
"Among the majors, EUR saw the biggest decline in net positioning in the survey week. Net long positioning in EUR reduced by 34k (USD6.0bn) to 11k as EUR/USD continues to stay depressed due to speculations on possible ECB policy actions."
"There was a reduction for the third consecutive week in GBP from its multi-year highs. Leveraged fund reduced net positioning in GBP for the third week after it reached multi-year highs in April, decreasing by 9k contracts (USD1.1bn) to 109k contracts."
"AUD long reverses to register a new high again since April 2013. After two consecutive week of decline in net positioning, AUD long registered a new high in net positioning since April 2013, increasing by 10k contracts (USD0.9bn) to 30k contracts."
"The net long non-commercial position in gold fell by 8k contracts in the week as gold continued to trade the USD1,280-1,315/oz range. Gross long positions fell by 5k contracts while gross shorts increased their exposure by 3k. While gross short positions remain stretched by historical standards, there has been very little movement for the past six weeks. Crude oil, on the other hand, increased its net long positioning by 10k contracts to register 404k contracts."
Key Quotes
"Leveraged funds reduced their net short positions against the USD by USD6.9bn after the prior week’s increment, likely reflecting the reduction in net long positioning in both EUR and GBP."
"Among the majors, EUR saw the biggest decline in net positioning in the survey week. Net long positioning in EUR reduced by 34k (USD6.0bn) to 11k as EUR/USD continues to stay depressed due to speculations on possible ECB policy actions."
"There was a reduction for the third consecutive week in GBP from its multi-year highs. Leveraged fund reduced net positioning in GBP for the third week after it reached multi-year highs in April, decreasing by 9k contracts (USD1.1bn) to 109k contracts."
"AUD long reverses to register a new high again since April 2013. After two consecutive week of decline in net positioning, AUD long registered a new high in net positioning since April 2013, increasing by 10k contracts (USD0.9bn) to 30k contracts."
"The net long non-commercial position in gold fell by 8k contracts in the week as gold continued to trade the USD1,280-1,315/oz range. Gross long positions fell by 5k contracts while gross shorts increased their exposure by 3k. While gross short positions remain stretched by historical standards, there has been very little movement for the past six weeks. Crude oil, on the other hand, increased its net long positioning by 10k contracts to register 404k contracts."