Speculative USD long positions rose sharply to $10.5bn as markets repriced Fed tightening expectations. Sentiment shifted negatively for the CAD, GBP, JPY, and EUR, while AUD bullishness hit record gross long levels.
Key Takeaways
- 1.Aggregate USD long positions climbed by $5.5bn to $10.5bn, driven by repricing of Fed tightening expectations.
- 2.The AUD remains the largest net long position at $6.1bn, with bullish gross long positioning reaching a fresh record high.
- 3.Sentiment towards the CAD turned more bearish, with the net short position widening to $2.3bn due to increased gross shorts.
Table of Contents
- Bullish USD Long Position Rebuilds On Fed Repricing
- CAD — NON-COMMERCIAL POSITIONING
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Authors
Shaun OsborneEric Theoret
Securities
USDCADAUDXAU
Themes
Fed Repricing and Tightening ExpectationsCFTC Speculative Sentiment Trends
Regions
North AmericaEuropeUKUnited StatesCanadaJapan