According to the IMM net speculators’ positioning as at April 02, 2019, GBP net short positions increased a touch from the previous week when they were at their lowest level since June 2018.

Key Quotes

“From a legal perspective the UK is on course for a no deal Brexit on April 12. That said, clearly speculators are betting that this will be avoided at the 11th hour – in line with the market consensus.”

“USD long increased moderately last week. Having dropped lower in the November/December period in response to a more dovish outlook for the Fed, USD longs then consolidated for a lengthy period. Another leg lower occurred in mid-March.”

“Short EUR positions surged last week. They have been climbing since the start of the year, reflecting the loss of confidence in the outlook for the Eurozone economy and expectation for a more dovish ECB. Last week EUR shorts recorded their highest level since December 2016.”

“Net JPY short positions have been pushed higher recently suggesting an improvement in risk appetite.”

“CHF net shorts dropped slightly last week though they have been trending higher since mid-January – not too different from the movement in the JPY.”

“CAD net shorts moved higher last week, but remain in a choppy range. BoC policy and oil price movements are in view. AUD net shorts have been trending higher since the start of the year reflecting the market’s more dovish expectations for RBA policy.”

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.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD bouncing modestly on disappointing US Consumer Confidence

The shared currency remains pressured by the idea that the ECB will come out with massive stimulus measures in September. US Michigan Consumer Confidence down to 92.1 brakes dollar's gains.


GBP/USD retreats sharply after approaching 1.2200

The GBP/USD pair came under selling pressure after flirting with weekly highs, as a dismal US confidence report brought back risk-off. GBP/USD still up for the week and above the critical 1.2100 level.


USD/JPY: Greenback makes modest progress against Yen, near 106.30

The demand for Yen as a safe-haven currency has been weak in the last three days. The levels to beat for bulls are at the 106.30 and 106.55 resistances.


Gold gives back territory towards a 23.6% retracement

Gold prices were a touch lower by the end of the week, falling -0.68% having travelled between a high of $1,528.00 to a low of $1,503.87, ending the NY session around $1,513. 

Gold News

Four Signs of A Bear Market

I am a believer that the Universe gives you signs. That may sound a bit crazy, but these three charts are three more signs of a bear market. The top chart is the GLD exchange traded fund.

Read more