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8 Feb 2016
CFTC and a quiet start to this week - Westpac
Analyst at Westpac explained Friday's Commitment of Traders report and today's lack of liquidity.
Key Quotes:
"Friday’s Commitment of Traders report from the CFTC showed little change in spec positioning on AUD, with leveraged funds trimming net shorts only from -27.5k to -24.6k over the week to 2 Feb. Asset managers however continued to buy back AUD and at +0.9k are long for the first time since July 2014.
Leveraged funds’ EUR shorts continue to be trimmed, from –89k to -75k while their JPY positions were little changed, at +16k despite the BoJ’s negative rates surprise. Leveraged funds remained heavily short GBP (especially) and CAD.
Australia’s calendar is fairly light this week, with business and consumer sentiment surveys the main releases. Most key Asian markets are closed today, including Singapore, Hong Kong and Shanghai, with Tokyo the key exception. New Zealand is closed for Waitangi Day."
Key Quotes:
"Friday’s Commitment of Traders report from the CFTC showed little change in spec positioning on AUD, with leveraged funds trimming net shorts only from -27.5k to -24.6k over the week to 2 Feb. Asset managers however continued to buy back AUD and at +0.9k are long for the first time since July 2014.
Leveraged funds’ EUR shorts continue to be trimmed, from –89k to -75k while their JPY positions were little changed, at +16k despite the BoJ’s negative rates surprise. Leveraged funds remained heavily short GBP (especially) and CAD.
Australia’s calendar is fairly light this week, with business and consumer sentiment surveys the main releases. Most key Asian markets are closed today, including Singapore, Hong Kong and Shanghai, with Tokyo the key exception. New Zealand is closed for Waitangi Day."