Investors Add Bullish USD Bets

Published 11/09/2015, 06:36 AM
Updated 05/14/2017, 06:45 AM

The latest IMM data covers the week from 27 October to 3 November 2015 .

IMM positioning data released on Friday revealed a second consecutive week of bearish EUR/USD builds . While the previous week's move was sparked by a dovish Mario Draghi at October's ECB meeting, last week's move was driven by the hawkish rhetoric at the Fed meeting. As a result, EUR positioning has, over the same period, returned to the 12th percentile (from the 22nd percentile), the most bearish level since June. In addition, we suspect that EUR/USD positioning has since become even more stretched as the coverage period of this week's report does not cover Friday's non-farm payrolls release nor Janet Yellen's hawkish comments last week.

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

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