Wed, Dec 3 2008, 14:20 GMT
by Kasper Kirkegaard
- The latest IMM data covers the week from 18 to 25 November. The IMM data thereby covers the beginning of the rally in equities seen through the end of November.
- The largest change in speculative positions was seen in long JPY positions, which were increased by USD1.7bn to USD4.9bn. JPY net longs are now back to levels last seen in early October. JPY has strengthened significantly following the compilation of the latest IMM data, with USD/JPY falling to 93 from 97.
- Overall speculative positions were reduced slightly, but net positions remained unchanged in most currencies, as uncertainty remains high on the financial markets.
- Speculative investors remain net long USD against all currencies but JPY, with the largest net short positions seen in GBP and EUR.
- Net positions are broadly neutral in AUD, CAD, NZD and MXN.
- Bond market speculative investors sustained positions from last week with net shorts in 2-year notes and significant net longs in 10-year notes.
- On the energy market, speculative positions in oil are now neutral.
Published on Wed, Dec 3 2008, 14:25 GMT
Danske Bank
| Holmens Kanal 2-12, DK-1092 Copenhagen
http://www.danskebank.com/ | danskeresearch@danskebank.com
Fundamental Currencies Comments - The yen and dollar strengthened by ecPulse.com
Tue, Nov 24 2009, 16:03 GMT
Forex Technical Report - Stock Markets Flat to Higher Ahead of U.S. GDP Report by ForexHound.com
Tue, Nov 24 2009, 14:51 GMT
Daily Market Report - Indications that the Euro's rally could be running out of some steam by Wells Fargo Investments, LLC
Tue, Nov 24 2009, 14:47 GMT
Interest Rate Monitor - Bonds fail to make headway on latest banking crisis by Interactive Brokers LLC
Tue, Nov 24 2009, 14:36 GMT
Currency Majors Technical Perspective by FXstreet.com Independent Analyst Team
Tue, Nov 24 2009, 14:35 GMT
CURRENCIES: Dollar Gets Boost From U.S. Economic Data
Dow Jones | Tue, Nov 24 2009, 16:30 GMT
Forex: USD/JPY: Greenback finds resistance at 88.60
FXstreet.com | Tue, Nov 24 2009, 15:44 GMT
2nd UPDATE: Asian Shrs End Lower; Shanghai Stocks Tank 3.5%
Dow Jones | Tue, Nov 24 2009, 15:25 GMT
U.S. markets open with slight declines after GDP data; Dollar and Yen trim gains
FXstreet.com | Tue, Nov 24 2009, 15:04 GMT
CURRENCIES: Dollar Down Vs. Yen, Euro Amid U.S., German Data
Dow Jones | Tue, Nov 24 2009, 14:53 GMT
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program