Deutsche Bank - IMM Commitment of Traders: USD longs cut back again

Deutsche Bank - "Net implied dollar longs fell for the third consecutive week. Digging into the detail, the TFF report shows that fast money was responsible; leveraged funds reduced their long holdings to almost zero. Speculative EUR and GBP longs were added to. Speculative NZD longs were also added to substantially as net longs as a percentage of open interest jumped from 41% to 50%. Also worth mentioning, asset managers increased CAD longs holding significantly from 18% of open interest to 37%. Speculative shorts in AUD were pared. Longs in oil are at historic highs while gold longs also jumped last week, reflecting the increase in risk premia on the back of geopolitical worries."

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Tags: COT, Deutsche Bank, IMM Commitment of Traders Report, IMM Traders Positioning


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