Investing.com - Financial Markets Worldwide

CAD Shorts At Most Extreme Since 2007‏

ByDanske Markets
Published 04/22/2013, 07:43 AM
Updated 05/14/2017, 06:45 AM
EUR/USD
-0.03%
  • Increase in JPY shorts.
    • CAD sentiment remains very bearish.

    The latest IMM data cover the week from 8 to 16 April.

    Increase in JPY shorts. Speculative positioning was broadly unchanged following the Bank of Japan meeting but last week investors added to short positions, which have now reached 44% of open interest – not far from the December peak.

    CAD sentiment remains very bearish. CAD has underperformed the other commodity currencies so far this year and trading accounts remain very short according to the IMM data. Net short positions were built to 44% of open interest and are approaching 2007 levels when positioning hit 53% of open interest.

    EUR/USD shorts are scaled back. EUR/USD remains range-bound and short positions have been scaled back after peaking at 28% of open interest in early April. Investors are fairly long the dollar but currently the dollar is mainly bought against JPY, GBP and CAD.

    To Read the Entire Report Please Click on the pdf File Below.

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