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CFTC Commitments of Traders – Sentiment Improves amidst Expectations of Trade Talks

As suggested in the CFTC Commitments of Traders report in the week ended September 24, NET LENGTH in USD Index added +165 contracts to 41 939. Speculative long positions added +687 contracts and short positions slipped -522 contracts. Concerning European currencies, NET SHORT for EUR futures plunged -7 837 contracts to 60 722. NET SHORT for GBP futures fell -5 329 contracts to 80 795. Speculative long positions gained +3 114 contracts while speculative shorts dropped -2 215. Risk appetite improved as US and China are scheduled to resume trade talk on October 10.

On safe-haven currencies, Net SHORT for CHF futures gained +5 996 contracts to 10 552. NET LENGTH for JPY futures sank -11 079 contracts to 12 783 during the week. Speculative long positions dropped -5 083 contracts while shorts gained +5 996 contracts.

On commodity currencies, NET SHORT for AUD futures rose +7 073 contracts to 47 155. Speculative long positions soared +11 678 contracts while shorts plunged -18 751 contracts. Separately, NET SHORT for NZD rose +3 555 contracts to 39 598 contracts last week. NET LENGTH for CAD futures declined -15 231 contracts to 4 592.

 

 

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