Back
30 Sep 2013
Flash: Net USD specs flat, 1st time since Feb 2013 - HSBC
FXstreet.com (Barcelona) - As HSBC notes, total long USD positions fell to USD2.3bn in the week ended September 14 from USD10.7bn the previous week, as per futures contracts that traded on the IMM up until last Tuesday.
Key Quotes
"That leaves aggregate net USD positions essentially flat for the first time since speculators began running consistent long USD positions back in February 2013."
"The weekly change is also consistent with additional USD selling after the FOMC’s no-taper decision the previous week, although most of this week’s change in aggregate positioning was in the EUR."
"Long EUR positions more than doubled to USD11.0bn from USD5.3bn previously, the largest since speculators flipped to consistent long EUR positions in early-August."
"Short JPY positions were little changed at USD11.7bn from USD11.1bn previously."
"GBP positions registered a tiny net long of USD117m from a net short of USD627m previously. The data suggests very little speculative positioning in GBP at present."
"Short AUD positions rose to USD3.2bn from USD2.5bn. Long NZD positions rose to USD667m from USD465m previously."
"Short CAD positions were cut to USD550m, the smallest imbalance since speculators began running consistent net short CAD positions in February 2013."
Key Quotes
"That leaves aggregate net USD positions essentially flat for the first time since speculators began running consistent long USD positions back in February 2013."
"The weekly change is also consistent with additional USD selling after the FOMC’s no-taper decision the previous week, although most of this week’s change in aggregate positioning was in the EUR."
"Long EUR positions more than doubled to USD11.0bn from USD5.3bn previously, the largest since speculators flipped to consistent long EUR positions in early-August."
"Short JPY positions were little changed at USD11.7bn from USD11.1bn previously."
"GBP positions registered a tiny net long of USD117m from a net short of USD627m previously. The data suggests very little speculative positioning in GBP at present."
"Short AUD positions rose to USD3.2bn from USD2.5bn. Long NZD positions rose to USD667m from USD465m previously."
"Short CAD positions were cut to USD550m, the smallest imbalance since speculators began running consistent net short CAD positions in February 2013."