FXStreet (Guatemala) – Analysts at Rabobank offered the IMM Net Speculators’ Positioning as at 09 June 2015.
Key Quotes:
“Having fallen for six consecutive weeks, USD longs have now increased for two weeks running on the back of an improvement in US data releases. Going forward the tone of the June 16/17 FOMC meeting could be a key influence.”
“EUR shorts have softened though concerns that Greece could be on course for a default should keep speculators nervous.”
“GBP net shorts pushed higher for the third consecutive week. Concerns about an UK austerity budget in July and a EU referendum could weigh on the pound going forward.”
“JPY shorts shot even higher last week to their highest levels since September following the break higher by USD/JPY in the spot market. Comments from BoJ Governor Kuroda regarding the weakness of the yen’s effective exchange rate could reverse some of the decline.”
“CHF net positions have held above zero for eleven consecutive weeks with Grexit uncertainty likely driving safe haven demand.”
“AUD positions moved further into negative territory on doubts about the recent consensus view that the RBA’s easing cycle may be over. CAD positions dropped further into negative territory on uncertainty about the oil price outlook and weaker Q1 GDP data.”
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