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21 Dec 2015
CoT Report: USD Longs, CHF + JPY Shorts Cut Sharply - Nomura
FXStreet (Bali) - According to the IMM data for the week ended December 15, non-commercial accounts sold USD to the tune of $10.7bn, bringing positioning to $35.7bn, notes the Global FX Strategy Team at Nomura.
Key Quotes
"Since Tuesday, USD longs have covered somewhat by $2.4bn, with our real-time estimate now at $38.1bn."
"EUR shorts were cut further by $1.6bn, bringing net positioning to -$21.9bn for the week ended December 15. Our real-time estimator indicates that shorts came back since Tuesday, bringing positioning back to -$23.1bn."
"CHF shorts were cut dramatically by $3.5bn, with net positioning as of Tuesday now net long at $0.25bn."
"JPY shorts were cut by $4.2bn, bringing net positioning to -$2.7bn as of Tuesday, which is the lowest level of shorts since October. Our real-time estimator suggests net shorts recovered to -$3.2bn by Friday’s close."
"AUD shorts continue to fall for the fourth week now (cut by $1.7bn since last Tuesday), bringing net positioning to -$0.75 for the week ended December 15."
Key Quotes
"Since Tuesday, USD longs have covered somewhat by $2.4bn, with our real-time estimate now at $38.1bn."
"EUR shorts were cut further by $1.6bn, bringing net positioning to -$21.9bn for the week ended December 15. Our real-time estimator indicates that shorts came back since Tuesday, bringing positioning back to -$23.1bn."
"CHF shorts were cut dramatically by $3.5bn, with net positioning as of Tuesday now net long at $0.25bn."
"JPY shorts were cut by $4.2bn, bringing net positioning to -$2.7bn as of Tuesday, which is the lowest level of shorts since October. Our real-time estimator suggests net shorts recovered to -$3.2bn by Friday’s close."
"AUD shorts continue to fall for the fourth week now (cut by $1.7bn since last Tuesday), bringing net positioning to -$0.75 for the week ended December 15."