Market news
23.09.2019, 12:00

USD longs surged, EUR shorts dropped – Rabobank

According to CFTC Commitment of Traders Report, USD net longs surged to their strongest levels since April 2017 last week, note Rabobank's analysts.

  • “Net EUR short positions dropped to their most extreme levels since June.
  • Net short GBP positions dropped moderately having surged the previous week.
  • JPY net positions have been back in positive ground for seven straight weeks on safe-haven demand, though they are off their recent highs.
  • CHF net shorts climbed a little last week. Despite its safe-haven status, signs that the SNB has recently intervened in the FX market have distorted demand for the CHF.
  • CAD net long positions surged as the BoC remained defiant at its Sep 4 policy meeting. This view was subsequently underpinned by a strong Canadian jobs report.
  • AUD net shorts dropped last week. The AUD’s role as a proxy for confidence in China suggests that trade talks between the US and China are providing direction.”

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location