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16 Dec 2013
Flash: CAD sold by specs - Nomura
FXstreet.com (Bali) - For the week ending December 10, CAD was sold by specs in the largest amounts (-$1.5bn) while specs bought EUR, JPY, and CHF, notes Nomura FX Team.
Key Quotes
"JPY came off its six year lows slightly ($0.5bn of buying), while CAD moved further toward the yearly lows from April."
"Specs sold -$1.5bn of CAD, bringing overall positioning to -$5.4bn. This is the lowest level since the week ending 7 May. The selling occurred during the week ending Tuesday, which included the slightly more dovish statement from the Canadian central bank."
"There was $1.2bn of EUR buying on the week, bringing the total position to a net long of $2.7bn. The levels are still very neutral, especially when compared with the week ending 22 October when positioning and EURUSD reached highs for the year."
"Specs bought $0.8bn of CHF, bringing positioning to $1.7bn, a high since the week ending 15 January. While GBP positioning was flat, it also remains near the highs of January. Our real time indicators suggest both GBP and CHF net longs have increased as of Friday."
Key Quotes
"JPY came off its six year lows slightly ($0.5bn of buying), while CAD moved further toward the yearly lows from April."
"Specs sold -$1.5bn of CAD, bringing overall positioning to -$5.4bn. This is the lowest level since the week ending 7 May. The selling occurred during the week ending Tuesday, which included the slightly more dovish statement from the Canadian central bank."
"There was $1.2bn of EUR buying on the week, bringing the total position to a net long of $2.7bn. The levels are still very neutral, especially when compared with the week ending 22 October when positioning and EURUSD reached highs for the year."
"Specs bought $0.8bn of CHF, bringing positioning to $1.7bn, a high since the week ending 15 January. While GBP positioning was flat, it also remains near the highs of January. Our real time indicators suggest both GBP and CHF net longs have increased as of Friday."