Back
15 Mar 2015
USD longs increase to near record high - Nomura
FXStreet (Bali) - According to the IMM data for the week ended March 10, non-commercial accounts increased USD longs by $3.9bn, Nomura FX Strategists note.
Key Quotes
"Our real time indicator suggests net longs increased by a further $1.2bn since. Net longs stood at $52.8bn by Tuesday and had increased to $54.0bn by Friday’s close, just shy of the all-time high of $55.6bn set the second week of January."
"AUD shorts continued to increase as non-commercial accounts sold $1.0bn of AUD on the week ended Tuesday and an estimated $0.4bn further since. This brought net positioning to -$5.9bn by Tuesday and -$6.2bn by Friday’s close. The most net short AUD has ever been was -$6.9bn in August 2013."
"EUR positioning was little changed the week ended Tuesday, falling just $0.1bn. Since then, specs have sold a further $1.7bn. Positioning is estimated currently at -$25.9bn which is still shy of the lows from November (-$28.1bn) and February (-$28.2bn)."
Key Quotes
"Our real time indicator suggests net longs increased by a further $1.2bn since. Net longs stood at $52.8bn by Tuesday and had increased to $54.0bn by Friday’s close, just shy of the all-time high of $55.6bn set the second week of January."
"AUD shorts continued to increase as non-commercial accounts sold $1.0bn of AUD on the week ended Tuesday and an estimated $0.4bn further since. This brought net positioning to -$5.9bn by Tuesday and -$6.2bn by Friday’s close. The most net short AUD has ever been was -$6.9bn in August 2013."
"EUR positioning was little changed the week ended Tuesday, falling just $0.1bn. Since then, specs have sold a further $1.7bn. Positioning is estimated currently at -$25.9bn which is still shy of the lows from November (-$28.1bn) and February (-$28.2bn)."