日本語
Español
中文
Русский
- New York 23:26
- London 04:26
- Barcelona 05:26
- Tokyo 13:26
- Sydney 15:26
IMM positioning
0
0
Short dollar positions have been built further
Mon, Nov 16 2009, 10:48 GMT
by Danske Research Team
- The latest IMM data cover the week from 2 to 9 November.
- Short dollar positions have been built further in the wake of further improvement in market risk appetite and performing risky assets. Despite the failure of EUR/USD to break meaningfully above 1.50 long EUR positions have been extended – albeit remaining well below the crowded levels seen in early October.
- Speculative investors scaled back long positions marginally in the commodity currencies NZD, CAD and AUD, despite sustained strong performance since the late October correction in risky assets. This speaks in favour of the reduction in long positions being caused by profit-taking as the risk-reward has become less attractive. Positioning in all three currencies remain somewhat crowded though – and hence downside risks from a position squeeze significant.
- Short Sterling positions were scaled back somewhat following the November Bank of England meeting where the bank’s asset purchase programme was ‘only’ extended by GBP25bn – less than the consensus expectations. However, following the collection of the IMM data the BoE has published a somewhat dovish sounding inflation report, which might restrain a further scale back of short positions.
Published on Mon, Nov 16 2009, 10:48 GMT
Archive
- Short dollar positions have been built further
Published On Mon, Nov 16 2009, 10:48 GMT - Bearish GBP and USD positions reduced
Published On Mon, Nov 9 2009, 14:11 GMT - Soft equity markets see a reduction in USD shorts
Published On Mon, Nov 2 2009, 13:14 GMT - Speculative investors remain dollar bearish
Published On Mon, Oct 26 2009, 08:44 GMT - Negative sterling sentiment remains in place
Published On Mon, Oct 5 2009, 13:33 GMT
Danske Bank
| Holmens Kanal 2-12, DK-1092 Copenhagen
http://www.danskebank.com/ | danskeresearch@danskebank.com
Legal disclaimer and risk disclosure
This publication has been prepared by Danske Bank for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents are not untrue or misleading, no representation is made as to its accuracy or completeness and no liability is accepted for any loss arising from reliance on it. Danske Bank, its affiliates or staff, may perform services for, solicit business from, hold long or short positions in, or otherwise be interested in the investments (including derivatives), of any issuer mentioned herein. Danske Bank's research analysts are not permitted to invest in securities under coverage in their research sector. This publication is not intended for private customers in the UK or any person in the US. Danske Bank A/S is regulated by the FSA for the conduct of designated investment business in the UK and is a member of the London Stock Exchange. Copyright () Danske Bank A/S. All rights reserved. This publication is protected by copyright and may not be reproduced in whole or in part without permission.Related reports
Intraday Forex Technical Report - U.S. Update: More dollar corrections by FXstreet.com Independent Analyst Team
Fri, Nov 20 2009, 16:15 GMT
Daily Market Report - There are indications that the market is reducing its exposure to risk by Wells Fargo Investments, LLC
Fri, Nov 20 2009, 15:19 GMT
Fundamental Currencies Comments - Dollar climbs vs. majors by ecPulse.com
Fri, Nov 20 2009, 15:15 GMT
Currency Majors Technical Perspective by FXstreet.com Independent Analyst Team
Fri, Nov 20 2009, 14:22 GMT
The Daily Currency Analysis - TraderPlanet Daily Currency Analysis by TraderPlanet.com, LLC
Fri, Nov 20 2009, 14:10 GMT
Related content
Forex: EUR/USD ends week with moderate losses
FXstreet.com | Fri, Nov 20 2009, 21:27 GMT
ForexLive New York wrap-up: EUR/USD bounces after 1.4800 attack
Forex Live | Fri, Nov 20 2009, 20:58 GMT
Forex: EUR/USD rebounds at 1.4875 and falls to 1.4835
FXstreet.com | Fri, Nov 20 2009, 18:33 GMT
Forex: EUR/USD finds resistance at 1.4860, back to 1.4820
FXstreet.com | Fri, Nov 20 2009, 15:47 GMT
US Regional and State Unemployment Rates for Oct-STATS
Dow Jones | Fri, Nov 20 2009, 15:29 GMT
Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.