- Analytics
- News and Tools
- Market News
- CFTC: EUR shorts edged lower, USD longs halved – Rabobank
CFTC: EUR shorts edged lower, USD longs halved – Rabobank
Analysts at Rabobank note that CFTC's Commitment of Traders Report revealed the USD net longs halved last week, hitting their lowest levels since mid-June.
- "Optimism regarding a phase 1 trade deal between the US and China boosted risk appetite and drew attention back to high-risk assets. That said, better than expected US economic data lent support to the USD towards the end of last week.
- Net EUR short positions have edged lower for two consecutive weeks, though strong direction remains absent.
- Net short GBP positions have dropped to their lowest level since May on hope that the new majority UK government will result in reduced political uncertainty.
- JPY net positions have held in negative ground for ten consecutive week.
- CHF net shorts have fallen back, but are likely to remain in negative territory assuming risk appetite holds up in the coming weeks.
- CAD net long positions have dropped to their lowest levels since October.
- AUD net shorts pushed higher last week. News of a China/US phase 1 trade deal is supportive but signs of slowing domestic growth could mean that QE comes into view in 2020."
© 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.
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.
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
