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Originally published by AxiTrader
The latest CFTC report shows that large speculators remain long US dollar across the board. Nevertheless, they may find it more difficult to maintain those positions in the short-term as the Federal Reserve signalled more gradual rate increases in 2019 and an improvement in market sentiment following the G20 talks over the weekend.
Euro net positioning stands at 55k short - an increase of 8k compared to the previous week.
Meanwhile, pound net positioning fell from 43k short to 39k short. The pound benefited from the recent progress in Brexit talks, but speculators remain sceptical as Prime Minister May needs to convince the UK Parliament.
Yen net positioning stood at 104k short - an increase of 4k compared to last week. Speculators expect the pressure on the Yen to increase, which makes sense, especially after markets switched to risk-on after the G20 meeting outcome.
- Australian dollar short 54k vs short 59k previously
- Canadian dollar short 9k vs short 6k previously
- New Zealand dollar short 21k vs short 19k previously
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