FXStreet (Guatemala) – Analysts at Westpac Banking Corporation explained that the CFTC’s Commitment of Traders report showed an extension of the recent trend in many pairs.
Key Quotes:
“But clearly the improved mood since the 19 Jan cut-off is likely to mean at least an interruption to the moves such as towards JPY and EUR and away from AUD and CAD.”
“Leveraged funds extended AUD net shorts from -12.8k contracts to -27.2k, the most bearish AUD stance since 17 Nov, though this is not historically very large.”
“Leveraged funds’ net short EUR position was trimmed to inside 100k for the first time since 27 Oct, at -96k. These specs also extended their USD/JPY selling, leaving them net long 10k contracts, the most bullish yen stance since Oct 2012. Also notable in the report were the aggressive shorts on GBP, -55k and CAD, -52k.”
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