These are the main highlights of the CFTC Positioning Report for the week ended on September 17th:
- Net longs in the Greenback climbed to the highest level since April 25th 2017. In fact, speculators anticipated another ‘insurance cut’ at last Wednesday’s FOMC event, re-focusing instead on the auspicious prints from the US docket published as of late.
- The speculative community added gross shorts to their already negative EUR positions, taking net shorts to the highest level since mid-June, as investors continued to adjust to the recently delivered stimulus package from the ECB.
- JPY net longs eased some ground and retreated to levels last seen in early August on the back of diminishing US-China trade concerns and fresh hopes of some sort of pre-deal at the meetings early next month.
- RUB net longs receded to the lowest level since March 12th on the back of growing concerns of the impact of the trade war on the domestic economy. The ongoing easing cycle by the CBR was confirmed after another rate cut earlier this month, and this could have probably hurt the sentiment around the Ruble somewhat as well.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.