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CFTC Commitments of Traders – NET LENGTH on EUR Futures Slumped although Price Climbed Higher

As suggested in the CFTC Commitments of Traders report in the week ended October 6, NET SHORT for USD Index futures dropped further, by -2 521 to 3 034 contracts. Speculative long positions increased +3 669 contracts and short positions added +1 148 contracts. Concerning European currencies, NET LENGTH...

CFTC Commitments of Traders – Greenback’s Near-Term Outlook Masked by US Political Uncertainty

As suggested in the CFTC Commitments of Traders report in the week ended September 29, NET SHORT for USD Index futures fell -3 591 to 5 555 contracts. Speculative long positions increased +2 908 contracts and short positions slipped -683 contracts. The greenback's outlook remains uncertain in the near...

CFTC Commitments of Traders – NET SHORT of USD Index Futures Increased as Greenback’s Rebound Not Promising

As suggested in the CFTC Commitments of Traders report in the week ended September 15, NET SHORT for USD Index futures increased +2 482 to 8 240 contracts. Speculative long positions slipped -97 contracts and short positions gained +2 385 contracts. Concerning European currencies, NET LENGTH in EUR futures...

CFTC Commitments of Traders – Expect NET LENGTH for GBP Futures to Decline in Coming Week on No-Deal Brexit Concerns

As suggested in the CFTC Commitments of Traders report in the week ended September 8, NET SHORT for USD Index futures dropped - 988 to 5 758 contracts. Speculative long positions slipped -895 contracts and short positions fell -1 883 contracts. Concerning European currencies, NET LENGTH in EUR futures...

CFTC Commitments of Traders – Net Short of USD Index Futures Shrank as the Greenback Recovered to One-Week High

As suggested in the CFTC Commitments of Traders report in the week ended September 1, NET SHORT for USD Index futures dropped - 1 027 to 6 746 contracts. Speculative long positions added +766 contracts and short positions slipped -261 contracts. NET SHORT could shrink further in the coming...

CFTC Commitments of Traders – More Downside on USD following Fed’s Dovish Policy Outlook

As suggested in the CFTC Commitments of Traders report in the week ended August 25, NET SHORT for USD Index futures added +258 to 7 773  contracts. Speculative long positions declined -5 005 contracts and short positions fell -4 747 contracts. There can be more downside to greenback. Fed...

Fiscal Stalemate to Lead to More Fed Stimulus and Further USD Weakness

We expect US dollar's downtrend to resume downtrend in coming months after consolidation. Fiscal stalemate suggests that the Fed would shoulder more burdens in delivering stimulus. This should lead yields to decline further, supporting weakness in the greenback. Stalled Hopes on Fiscal Stimulus   Failure to strike a deal on a new...

CFTC Commitments of Traders- Trades Trimmed on EUR while Sentiment on CAD Remained Weak

As suggested in the CFTC Commitments of Traders report in the week ended August 18, NET SHORT for USD Index futures slipped -667 to 7 515  contracts. Speculative long positions added +337 contracts and short positions were down -330 contracts. It is possible for further decline in NET SHORT...

AUDNZD’s Rally on Yield Differential Looks Overextended

Recent strength in Australian dollar has sent AUDNZD to the highest level in 2 years. Notwithstanding the second wave of coronavirus outbreak, and the renewed lockdown measures, in Victoria, Aussie has remained firm. While all major currencies have appreciated in light of the broad-based USD weakness, AUD is the...

CFTC Commitments of Traders – Trades on USD Index Futures Continued to Shrank as US Real Yields Stay Negative

As suggested in the CFTC Commitments of Traders report in the week ended August 11, NET SHORT for USD Index futures rose +1 707 to 8 182  contracts. Speculative long positions dropped -2 152 contracts and short positions were down -445 contracts. Fed's ultra monetary easing has sent yields...

CFTC Commitments of Traders – Traders Trimmed Bets on USD amidst Hopes of Recovery

As suggested in the CFTC Commitments of Traders report in the week ended August 4, NET SHORT for USD Index futures decreased -252 to 6 475 contracts. Bets fell on both sides as the greenback is still finding bottom after losing almost -10% against a basket of currencies since...

CFTC Commitments of Traders – Bets on Higher Euro Sharply Increased as the Currency Rose to Highest to about 2 Years

As suggested in the CFTC Commitments of Traders report in the week ended July 28, NET SHORT for USD Index futures increased +934 to 6 727 contracts. Speculative long positions gained +3 856 contracts and short positions added +4 790 contracts. Concerning European currencies, NET LENGTH in EUR futures...

CFTC Commitments of Traders – Trader Increased Long Bets, Sending Euro to Almost 2-Year High

As suggested in the CFTC Commitments of Traders report in the week ended July 21, NET SHORT for USD Index futures gained +754 to 5 793 contracts. Speculative long positions increased +6 856 contracts and short positions added +7 610 contracts. Concerning European currencies, NET LENGTH in EUR futures...

CFTC Commitments of Traders – USD Weakened against Major Currencies as Market Focused on Global Recovery

As suggested in the CFTC Commitments of Traders report in the week ended July 14, NET SHORT for USD Index futures added +100 to 5 039 contracts. Speculative long positions slipped -13 contracts and short positions gained +87 contracts. Concerning European currencies, NET LENGTH in EUR futures soared +7...

CFTC Commitments of Traders – Traders Bet Euro and Sterling to Go Higher

As suggested in the CFTC Commitments of Traders report in the week ended July 7, NET SHORT for USD Index futures slipped -36 to 4 939 contracts. Speculative long positions increased +2 324 contracts and short positions gained +2 288 contracts. Bets increased on both sides. Yet, traders were...

CFTC Commitments of Traders – Bet on Lower USD Continued. Expect Risk Appetite to Shrink in Coming Week as Coronavirus Cases Increase in Various...

As suggested in the CFTC Commitments of Traders report in the week ended June 30, NET SHORT for USD Index futures dropped -339 to 4 975 contracts. Speculative long positions decreased +857 contracts and short positions declined -2 180 contracts. Bets on both sides fell as the market remained...

Policy Divergence Continues to Support AUDNZD Strength

Both Australian dollar and New Zealand dollar have outperformed other G7 currencies over the past two months, as investors expressed their confidence to global economic recovery through higher-risk assets. A key reason for Australian dollar's relative better performance over New Zealand dollar, despite the similarities in terms of risk...

CFTC Commitments of Traders – Net Length on Gold Soared to Two-Month High as Rally Resumed

According to the CFTC Commitments of Traders report for the week ended June 23, NET LENGTH for crude oil futures jumped +14 611 contracts to 560 883 for the week. Speculative long positions gained +4 774 contracts while shorts plunged -9 837 contracts. For refined oil products, NET LENGTH...

CFTC Commitments of Traders fx – Bets on USD Still Limited as Traders Weighed Recovery against Second Coronavirus Wave

As suggested in the CFTC Commitments of Traders report in the week ended June 23, NET SHORT for USD Index futures slipped -30 to 5 314 contracts. Speculative long positions increased +857 contracts and short positions added +827 contracts. Bets on both sides climbed slightly and were largely balanced,...

CFTC Commitments of Traders – USD Index Futures Drifted to Net Short

As suggested in the CFTC Commitments of Traders report in the week ended June 16, USD Index drifted to NET SHORT of 5 344 contracts. Speculative long positions decreased -10 080 contracts and short positions slipped -47 contracts. Traders trimmed bets on US dollar as risk appetite lifted other...