FXStreet (Barcelona) – FX Strategists at ANZ, offer their CFTC speculative positioning data for the week ending 9 June 2015.
Key Quotes
“Leveraged funds increased their overall net long USD positioning by USD2.4bn to USD25.0bn. This is the third consecutive week of a net increase.”
“The increase in long USD positioning was unsurprising given the strong May non-farm payrolls.”
“The increase in USD positioning was reflected across the board except for EUR and CHF.”
“Net buying in EUR of USD1.2bn was likely supported by firmer than expected CPI and retail sales data, underpinning sentiments that data in the euro area have bottomed out.”
“The increase in USD longs was led by JPY (USD1.6bn).”
“The increase in net shorts in the JPY was unsurprising given USD/JPY broke 125 during the week.”
“Leveraged funds continued to register net selling in NZD for the 6th consecutive week, with net short position in NZD reaching a new record high.”
“Net short positioning increased to USD0.7bn from USD0.6bn. The increase in net short positioning likely took place ahead of the prospect of OCR cut in the 11 June RBNZ MPC meeting.”
(Market News Provided by FXstreet)