Leveraged funds turned a net USD buyer – ANZ

Based on the Commodity Futures Trading Commission (CFTC) data for the week ended on August 13, the Australia and New Zealand Banking Group (ANZ) recently anticipating market positioning to remain volatile while saying that the leveraged funds turned a net US Dollar (USD) buyer but asset managers did the opposite, turning into a net USD seller.

Key quotes

  • US-China trade developments will remain a key focus but the upcoming Annual US Federal Reserve Symposium at Jackson Hole will also be closely watched for the latest thinking of the central bank given the inversion of the UST curve and the unprecedented fall in 30Y UST yield.
  • Leveraged funds’ USD buying was mostly against EUR and commodity currencies, while they were a net buyer of JPY and CHF (suggesting a return of risk aversion), GBP and EM currencies.
  • For asset managers, their USD selling was dominated by significant buying of EUR, followed by GBP, JPY and CHF, while selling commodity and EM currencies.
  • Both funds and asset managers were overall net sellers, led by CAD. Funds also sold AUD but they pared their net NZD shorts. Money managers sold NZD while keeping their net AUD shorts broadly unchanged. On EM FX, funds were a net buyer while asset managers were a net seller, with both remaining overall long in EM FX.

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: Mildly bid, but bull reversal remains elusive

EUR/USD is currently trading at 1.1078, representing marginal gains on the day amid oil price spike. The currency pair on Friday faced rejection at the resistance of the trendline connecting June 25 and Aug. 13 highs.


GBP/USD: Brexit optimism keeps bulls in the drivers’ seat

The GBP/USD pair has advanced for a second consecutive week, reaching Friday 1.2505, its highest since last July, and settling not far below this last. Fading odds for a hard-Brexit continue to underpin the Pound.


USD/JPY looking to close the bearish opening gap amid risk-off

USD/JPY gapped down to 107.44 on Monday’s open as risk appetite is diminished following the attack on Saudi Arabian oil facilities. The spot now trades near 107.80, aiming to close the bearish opening gap ahead of a big week. 


Gold prices shot higher by over 1% in risk-off start to the week

Gold prices have shot higher in the open this week due to the increased tensions in the Middle East following the attack on Saudi Arabia’s oil and gas facilities in Abqaiq which has suspended half of the kingdom’s processing.

Gold News

The good, the bad and the extremely ugly crypto

XRP is in a borderline situation and with little room for doubt. Bitcoin demonstrates its power and positions itself as the emerging leader. Ethereum is in an intermediate situation, far from risk but also from opportunity.

Read more