IMM Positioning: Volatile CHF Sentiment‏

Published 05/06/2013, 06:24 AM
Updated 05/14/2017, 06:45 AM

The latest IMM data covers the week from 23 April to 30 April.

Four trades continue to dominate: Short CAD, short JPY, short GBP and long the commodity currencies MXN and NZD.

Back and forth in CHF: Swiss franc positioning has been somewhat volatile in recent months, with non-commercial investors being very long going into the year, then turning fairly short in March, going long again in April, only to turn net short again last week. This matches the trading in USD/CHF, which moved roughly sideways in a 0.9022-0.9567 range since autumn.

Still net short EUR but with low conviction. Positioning has been fairly stable in the euro recently, and while non-commercial investors remain short, there is no extreme positioning in EUR/USD at the moment, with net shorts at just 14% of open interest (peaked at 54% last January).

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

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