ANZ's look at leveraged positions for the US Commodity Futures Trading Commission Commitment of Traders (COT) and the Traders in Financial Futures (TFF)
(positioning data for the week ending 22 August 2017)
In brief:
USD selling resumed as leveraged funds increased their overall net short USD positions by USD1.1bn to USD6.9bn
EUR saw the largest net buying in the week, a complete reversal of the previous week
- Funds increased their net long EUR position by USD1.9bn to USD3.5bn in the lead-up to the Jackson Hole symposium
JPY benefited from dollar weakness, with funds reducing their net yen short positions for the fifth consecutive week by USD0.3bn to USD6.9bn
Funds increased their short GBP positions by USD1.0bn to USD2.2bn
Funds also reduced their net CHF longs marginally in the week
AUD and CAD saw net buying totalling USD0.3bn, which was totally offset by NZD net selling of that amount
- Overall net long AUD positioning increased for the eleventh consecutive week to reach the highest since April 2013
- The last time leveraged funds were positioned this long in CAD was in January 2013
- NZD saw the fifth consecutive week where net long contracts were reduced
Net longs in gold rose for the sixth straight week to reach its highest level since October 2016
--
ANZ ANZ look at data a little differently to elsewhere - more here