23 Sep 2013
Flash: EUR, JPY, GBP and AUD positioning over FOMC revealed - TD Securities
FXstreet.com (London) - Research teams at TD Securities reveal the positioning over the FOMC on Majors, taking note for October timing.
Key Quotes:
“A jump in net long EUR positioning was the largest adjustment by value, with net long contracts surging to 31.9k, from 12.7k in week prior”.
“Net GBP shorts were reduced to the smallest position since February. As of Tuesday speculators were net short of 63.k contracts vs. 38.2k in the week prior”.
“The massive AUD net short position which had been testing new extremes throughout the summer was cut back considerably, with net shorts cut to 27.4k contracts from 60.0k. That’s the smallest net short since early May”.
“JPY net shorts were also trimmed, but to a much smaller degree than many other majors. Net shorts remained extreme, and still at risk of a short squeeze with the right catalyst”.
Key Quotes:
“A jump in net long EUR positioning was the largest adjustment by value, with net long contracts surging to 31.9k, from 12.7k in week prior”.
“Net GBP shorts were reduced to the smallest position since February. As of Tuesday speculators were net short of 63.k contracts vs. 38.2k in the week prior”.
“The massive AUD net short position which had been testing new extremes throughout the summer was cut back considerably, with net shorts cut to 27.4k contracts from 60.0k. That’s the smallest net short since early May”.
“JPY net shorts were also trimmed, but to a much smaller degree than many other majors. Net shorts remained extreme, and still at risk of a short squeeze with the right catalyst”.