http://www.fxstreet.com/technical/analysis-reports/imm-positioning/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-11-16.htmlThe 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 strongMon, 16 Nov 2009 10:48:56 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-11-16.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-11-09.htmlThe latest IMM data covers the week from 27 October to 3 November. Speculative investors further reduced their dollar short positions ahead of last week’s FOMC meeting and the US employment report. The reduction in short US dollar  positions coincided with further losses on equity markets and the move in EUR/USD below 1.47. The IMM data also shows that short GBP positions were reduced ahead of the BoE meeting, at which the Bank increased its asset purchase programme by a Mon, 09 Nov 2009 14:11:11 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-11-09.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-11-02.htmlThe latest IMM data covers the week from 20 to 27 October. Speculative investors pulled back some of their dollar shorts from the high level seen in the week prior, as risk sentiment deteriorated and financial markets became nervous about the sustainability of the Q3 earnings driven rally. Risky assets continued to sell off last week and given the price action in the dollar it is likely that dollar shorts have been reduced further. The past week’s price action illustratesMon, 02 Nov 2009 13:14:40 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-11-02.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-10-26.htmlThe latest IMM data cover the week from 13 to 20 October. Speculative investors added further to short dollar positions following the recent accelerated sell-off in the greenback. Hence, dollar shorts remain significant, albeit not quite at the stressed levels seen prior to the financial crisis. Sterling posted a strong rebound last week, taking GBP/USD close to 6 percent higher, as among other things the Bank of England minutes helped to ease fears about a further relaxation of monetaryMon, 26 Oct 2009 08:44:02 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-10-26.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-10-05.htmlThe latest IMM data covers the week from 22 to 29 September. Negative sterling sentiment persisting in the market combined with a continued decline in GBP/USD coincided with speculative investors adding further to net short GBP positions. GBP/USD broke lower in the week and several key support levels were taken out on the way down to a 1.5772 low. Net short GBP positions stand at almost 50% of open interest, reflecting that speculative flows have catalysed the GBP sell-off, but also that GBPMon, 05 Oct 2009 13:33:44 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-10-05.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-09-22.htmlThe latest IMM data cover the week from 8 to 15 September. During the week the dollar came under further pressure, and the DXY dollar index continued to post new lows for the year. Mirroring the broad-based dollar weakness, speculative investors continued to add to USD shorts. This caused short USD positions to reach levels not seen since March last year. Short USD positions were mainly built by positioning for a stronger EUR, as speculative investors added to their long positioning in theTue, 22 Sep 2009 06:54:58 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-09-22.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-09-15.htmlThe latest IMM data covers the week from 1 September to 8 September. The dollar has come under renewed pressure during the past week and the DXY dollar index broke below 77 for the first time since September last year. This is also reflected in the IMM data which shows that speculative investors added further to total short USD positions. The main source of the increase in USD shorts was a large reduction of net short GBP positions. However, speculative investors are still marginally biasedTue, 15 Sep 2009 06:25:00 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-09-15.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-08-24.htmlThe latest IMM data cover the week from 11 to 18 August. Speculative investors scaled back their net long EUR/USD positions bringing total EUR net longs down to just 4.5 percent of open interest. The reduction in EUR longs likely reflects profit taking as equity markets started to turn sour by 14 August while EUR/USD had broken temporarily above 1.43. The recent move higher in EUR/USD, however, suggests that speculative interest has returned. While long EUR positions were scaled back,Mon, 24 Aug 2009 15:10:03 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-08-24.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-08-17.htmlThe latest IMM data cover the week from 4 to 11 August. The week to 11 August saw the first weakness on world equity markets in more than a month. The setback in risk appetite is also visible in the IMM data, which show that speculative investors reduced their aggregated short USD positions by almost one third. Meanwhile, however, long positions in the other safe-haven currencies CHF and JPY have been scaled back such that speculative investors are now neutral in USD/CHF and USD/JPY. TheMon, 17 Aug 2009 10:01:39 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-08-17.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-08-10.htmlThe latest IMM data covers the week from 28 July to 4 August. The data shows that speculative investors increased their bets that the dollar would depreciate as net short US dollar positions were increased by USD1.2bn. Short US dollar positions were mainly built against the euro, which had appreciated against the dollar to levels above 1.44 during the week covered by the data. This indicates that significant short US dollar positions were in place ahead of Friday’s US employment report, whichMon, 10 Aug 2009 12:25:32 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-08-10.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-08-03.htmlThe latest IMM data covers the week from 21 to 28 July. Speculative investors have increased their bets that the Canadian dollar will continue its rally. Net long positions were expanded by USD1.2bn, implying that speculative net long positions now stand at 32% of total open interest – the highest since June last year. This indicates to us, however, that positioning has become a liability in relation to a further CAD outperformance against both the dollar and the $-block in general. EUR/USDMon, 03 Aug 2009 10:26:47 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-08-03.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-07-27.htmlThe latest IMM data covers the week from 14 to 21 July. Speculative investors increased their bets that the dollar would depreciate further, as net short USD positions were extended by USD7.3bn. Short USD positions were mainly built against the euro, which has appreciated strongly against the greenback on the recent surge in risk appetite. Hence, part of the movement in EUR/USD from the low 1.38s to above 1.42 can probably be attributed to positioning. Net long EUR positions currently stand atMon, 27 Jul 2009 10:30:50 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-07-27.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-07-20.htmlThe latest IMM data covers the week from 7 to 14 July. Speculative investors increased their bets that the yen would appreciate further, as USD/JPY fell as low as 91.74 on 13 July. However, following the collection of the latest IMM data, the yen has seen renewed pressure, as global equity markets have rebounded strongly on Q2 earnings reports, and USD/JPY has moved back towards 95 – likely supported by stop-losses taken on long JPY positions. Net long EUR positions were increased modestly,Mon, 20 Jul 2009 09:12:05 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-07-20.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-07-07.htmlThe latest IMM data covers the week from 23 to 30 June. Speculative investors added to aggregate net short USD positions in a week where the greenback broadly range traded. Meanwhile, open interest in the dollar index has continued to decline as we enter the traditional thin summer months. However, while volumes on the futures market tend to decline during July, this has historically not increased volatility. Rather, volatility tends to spike in September, when, perhaps somewhatTue, 07 Jul 2009 12:38:50 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-07-07.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-06-29.htmlThe latest IMM data cover the week from 16 to 23 June. Speculative investors added to their long EUR positions, which reached the highest level this year and the highest level since last July (when EUR/USD peaked at 1.60). EUR longs currently stand at 15 percent of open interest. However, it should be noted that the IMM data were collected the day before the 24 June FOMC meeting, which turned out to be a dollar-positive event. Swiss longs were extended in the week to 23 June, but are likely toMon, 29 Jun 2009 08:27:43 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-06-29.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-06-15.htmlThe latest IMM data covers the week from 2 to 9 June. The week covered by the report was characterised by broad-based dollar-weakness, as the effective USD exchange rate fell to its lowest level since December and EUR/USD spiked above 1.43. The USD-bearish sentiment is reflected in the report, which shows that speculative investors increased their short USD positions, primarily against EUR. The fact that significant speculative short dollar positions were in place could potentially explain theMon, 15 Jun 2009 14:59:49 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-06-15.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-04-20.htmlThe latest IMM data shows that net long USD positions were scaled back significantly in the week from 7 to 14 April. Speculative investors have reduced their bets that GBP will depreciate. Net short GBP positions were trimmed by USD0.7bn following strong GBP performance in recent weeks. During April, GBP has gained close to 5% against EUR and close to 3% against USD. While reduced, net short GBP positions remain significant and there is thus still the potential for a move higher in GBP/USD toMon, 20 Apr 2009 08:39:29 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-04-20.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-04-14.htmlThe latest IMM data covers the week from 31 March to 7 April After having turned net long in EUR, by late March, speculative investors added to net long EUR positions last week. Bets that EUR/USD will appreciate was build further, despite EUR/USD failing to break above its March high and despite the pair falling back towards 1.32 by the time the IMM data was collected. Net long EUR positions are still fairly modest by historical standards though. Speculative investors continue to reduce netTue, 14 Apr 2009 14:52:32 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-04-14.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-04-07.htmlThe latest IMM data covers the week from 24 March to 31 March. Speculative investors have started to bet that the EUR strengthening will continue. After having been net short EUR against USD since July 2008, sentiment has changed among currency futures traders that now on average believe the EUR will outpace the USD going forward. The change is not large but it marks nevertheless the biggest swing on the week. Except for AUD, speculative investors remain net long USD against other G10Tue, 07 Apr 2009 12:56:20 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-04-07.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-03-30.html- The latest IMM data covers the week from 17 March to 24 March. - Following the Fed's announcement to buy Treasuries on 18 March, causing EUR/USD to spike four big figures higher, speculative investors have scaled back long USD positions - though less than could perhaps have been expected. While market commentaries were very USD bearish following the Fed's actions, investors remained significantly long USD and also remained net short EUR. Hence, the large fall in EUR/USD in recent days cannotMon, 30 Mar 2009 09:13:09 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-03-30.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-03-16.html- The latest IMM data covers the week from 3 March to 10 March. - Following a low in EUR/USD at 1.2457 on 3 March the pair has climbed higher towards the upper end of its recent approximate 1.25-1.30 interval. This also translated into a reduction of implied short EUR/USD positions, as speculative investors scaled back net short EUR positions in particular. - During the week to 10 March, USD/JPY stabilised around 98.5 following a sharp 5% rise in the previous week. However, despite the yen'sMon, 16 Mar 2009 15:30:21 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-03-16.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-03-09.html- The latest IMM data cover the week from 24 February to 3 March. - During the week long yen positions were trimmed further and they are now at levels not seen since September. This occurred despite new declines in equity prices, possibly reflecting that the market is losing faith in the yen as a safe-haven currency. - Net short EUR positions were extended further, coinciding with the fall in EUR/USD from levels around 1.28 to below 1.26. This happened as the market priced in a more dovish ECBMon, 09 Mar 2009 13:42:26 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-03-09.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-03-02.html- The latest IMM data covers the week from 17 February to 24 February. - During the week to 24 February USD/JPY rose close to 5% as the yen sell-off accelerated on the back of weak Japanese activity data - but despite poor equity market performance. The rapid turnaround of the yen can partly be explained by the fact that the market was very long yen as market sentiment changed. However, this can only be part of the explanation as today's IMM data shows that while net long JPY positions wereMon, 02 Mar 2009 14:30:21 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-03-02.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-02-23.html- The latest IMM data covers the week from 10 February to 17 February. - The week to 17 February saw a strong run down in EUR/USD toward 1.25, as uncertainty about the financial and economic situation in central and eastern Europe (CEE) intensified. This coincided with a significant build up in long US dollar and short euro positions and left the market quite short EUR/USD. This possibly explains the large jump in EUR/USD seen since Friday, where the pair has moved back toward 1.30. - The weekMon, 23 Feb 2009 10:16:50 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-02-23.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-02-16.html- The latest IMM data covers the week from 3 February to 10 February. - There have only been a few changes to overall speculative positions, which were built slightly in the week to 10 February. Speculative investors remain net long USD against all currencies, covered in the IMM data, except JPY. - Following a run-up in USD/JPY towards 92 by 10 February, on improved risk sentiment ahead of the presentation of the US financial rescue plan, speculative investors reduced net long JPY positionsMon, 16 Feb 2009 10:06:50 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-02-16.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-02-09.html- The latest IMM data covers the week from 27 January to 3 February. - There have only been a few changes to overall speculative positions, which were marginally reduced in the week to 3 February. Speculative investors remain net long USD against all currencies, covered in the IMM data, except JPY. - Speculative investors added slightly to net long JPY positions, which now stand at the highest level since 27 March last year. Following the collection of IMM positions the yen has lost slightlyMon, 09 Feb 2009 09:00:24 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-02-09.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-02-02.htmlShort CHF positions are built further, following verbal intervention by the SNB - The latest IMM data covers the week from 20 January to 27 January. - Speculative investors remained net long USD, but the size of net long positions was unchanged in the week to 27 January. - Net long JPY positions were built further and JPY remains the only currency in which speculative investors are net long against USD. USD/JPY tested the 0.87 low from December on 21 January, but the pair climbed higher in theMon, 02 Feb 2009 16:45:37 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-02-02.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-01-26.html- The latest IMM data covers the week from 13 January to 20 January. - Speculative investors added marginally to long USD positions and remain net long USD against all currencies, except JPY. - JPY lost slightly against USD and NOK during the week to 20 January, but gained strongly against all other G10 currencies. Net long JPY positions were built further and the yen remains the favoured currency among speculative investors. - Speculative investors have been net short cable since late summerMon, 26 Jan 2009 13:53:48 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-01-26.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-01-19.html- The latest IMM data covers the week from 6 January to 13 January. - Today's data thus includes the large correction in equity and energy markets following a few days of optimism as we entered 2009. In the week through 13 January, the S&P500 index lost close to 7% and the oil price fell by almost USD10/bbl. - The biggest changes in speculative positions were seen in EUR and USD, as speculative investors turned marginally net long USD, while adding to net short EUR positions - thusMon, 19 Jan 2009 11:41:52 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-01-19.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-01-12.html- The latest IMM data covers the week from 30 December to 6 January. Today's report thus contains the first indication of speculative positions in the new year. - The week to 6 January saw very large movements on the currency market following just as large movements during very thin trading around Christmas. The main trend on the FX market in the first days of 2009 was a large scale EUR sell-off, which took the $-block currencies and Sterling between 6% and 8% stronger against the singleMon, 12 Jan 2009 11:13:14 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-01-12.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-01-07.html- The latest IMM data covers the week from 22 to 30 December, and thus covers the last trading week of 2008. - Speculative investors actually increased overall speculative positions marginally, despite year-end approaching, but remain broadly neutral in all G10 currencies, except JPY and GBP. - Net long JPY positions were built further and now stand at the highest level since May 2008. JPY actually underperformed the other G10 currencies (except the beaten GBP) in the week to 30 December. -Wed, 07 Jan 2009 15:18:46 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2009-01-07.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2008-12-03.html- 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 speculativeWed, 03 Dec 2008 14:20:33 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2008-12-03.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2008-11-24.html- The latest IMM data covers the week from 11 to 18 November. While overall positions saw little change, EUR shorts were further reduced while CHF, CAD and GBP shorts were extended. Speculative positions in oil saw a major turnaround as net longs were established. - The reduction in EUR shorts marks the week's biggest change in currency positions. Since 21 October, EUR shorts against USD have constantly been reduced. - Net short CHF, CAD and GBP positions were extended, consistent with theMon, 24 Nov 2008 10:23:40 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2008-11-24.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2008-11-17.html•The latest IMM data covers the week from 4 to 11 November. The already substantial net short GBP/USD position was extended further. Speculative investors’ net GBP/USD position now stands at its lowest level since mid-2002, reflecting a belief that GBP could drop even further against USD. •The net short EUR/USD position remained broadly unchanged. •Net short CHF, AUD and NZD positions were extended while the small net short CAD position was halved. •Looking at the major currencies, speculativeMon, 17 Nov 2008 17:13:21 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2008-11-17.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2008-11-03.html•The latest IMM data covers the week from 21 to 28 October. Despite large movements in spot prices, with USD up against all G10 currencies except JPY and NOK, there were only small changes in speculative IMM positions.  •Speculative investors remain net short EUR/USD, but overall positions were reduced slightly, as net long USD positions were trimmed marginally along with net short EUR positions.  •Speculative investors remain net long USD against all currencies except JPY. •Even netMon, 03 Nov 2008 10:22:02 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2008-11-03.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2008-10-27.htmlThe latest IMM data covers the week from 14 to 21 October. Even though volatility spiked as FX movements were extreme, no major movements were recorded in speculative IMM positions.  Speculative investors remain net short EUR/USD, GBP/USD while moderately net long USD/CAD and USD/CHF. Perhaps a bit surprisingly, no major movement was observed for the JPY, despite a marked flight-to-safety, bringing the yen to the strongest level against other currencies since 2000. Net long MXN positionsMon, 27 Oct 2008 16:14:28 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2008-10-27.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2008-10-20.html- The latest IMM data covers the week from 7 October to 14 October and was thus collected during the recent sell-off in equity markets and at the time of the coordinated rate cut. Overall positions were extended after being trimmed in the previous week. - Past weeks' reduction in implied short EUR/USD positions was reversed and speculative investors added to both net USD longs and net EUR shorts. EUR is now once again the G10 currency with the largest net short position against the USD. Mon, 20 Oct 2008 15:56:20 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2008-10-20.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2008-10-06.html•The latest IMM data covers the week from September 23 to September 30 and were consequently gathered on the day following last week’s rejection of the US bailout plan by Congress, and thereby at a time when there was still uncertainty about the plan.  •Speculative investors reduced their overall positions in the week, as net long USD positions were reduced from USD12.1bn to USD8.1bn. Net short positions in EUR were reduced slightly, but remain the largest short among the G10.  •NetMon, 06 Oct 2008 09:45:58 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2008-10-06.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2008-09-29.html•Risk aversion dominated speculative FX positioning in the week from 16 September to 23 September; carry positioning (long GBP, AUD, NZD and short CHF, JPY) is now as negative as ever. An interpretation of that is that investors prefer to stay away from riskier assets and instead buy safe-haven assets as a protection to further rapid deleveraging. The data was however collected prior to the approval of the US TARP (Troubled Asset Rescue Package). •Net long USD positions were reduced by USDMon, 29 Sep 2008 16:22:00 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2008-09-29.htmlhttp://www.fxstreet.com/technical/analysis-reports/imm-positioning/2008-09-22.html- Total speculative positions were extended slightly in the week 9-16 September as net long USD positions were built by USD 1.0bn to USD 13.6bn in a week when EUR/USD edged back well above 1.40.  - Speculative investors turned net short in AUD for the first time since 2006 and are also marginally net short in NZD. Both currencies have seen considerable depreciation in recent months and carry underperformance has been significant.  - Net long JPY positions were extended, and the JPYMon, 22 Sep 2008 16:48:44 GMThttp://www.fxstreet.com/technical/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/technical/analysis-reports/imm-positioning/2008-09-22.html