Posted Apr 27, 18:47

GBP & CAD Speculative Positioning vs USD

GBP & CAD Speculative Positioning vs USD Chart
2 hours ago: 

We focus on emerging developments in GBP/USD GBPUSD and USDCAD positioning among futures speculators as GBP shorts vs. USD fell to 29,281 contracts last week (from 36,045) -- the least negative in more than seven weeks, while net shorts in CAD vs. USD fell to an 11-week low of 27,051 contracts (from 30,578). Full charts and analysis.

PREMIUM INSIGHTS Update: Apr 22, 19:10
USD Headwinds May Fade, Yen Shorts Shrink Further Apr 27, 2015 0:37: 

The week ahead features Q1 GDP and the FOMC decision, two events widely expected to weigh on the USD dollar but if we look beyond the story begins to improve. Markets open the week relatively unchanged. CFTC positioning showed a small squeeze on dollar longs and a retreat of yen shorts. Our Premium EURUSD long at 1.0605 hit its final 1.0880 target on Friday. Other Premium trades: NZDUSD,  GBPAUD, EURGBP and GBPUSD are currently in progress.


Total Data Domination Apr 24, 2015 0:36: 

The Fed repeatedly said its data dependent and trades have evidently taken it to heart as markets have grown extremely sensitive to economic data. It was on display Thursday as the US dollar fell in New York trading after a round of soft numbers. The Japanese services PPI and the all-industry index are due later. The Premium long in EURUSD opened on ECB Day just over 1.0600 is nearing the final target. NZDUSD,  GBPAUD, EURGBP and GBPUSD are the other Premium trades currently in progress. During many periods, markets ignore the second and third tier US economic data and focus on the general trend but with the Fed undecided on raising rates and the market suddenly less-confident in a US growth pickup, every release is market moving. We can't remember a time – at least since 2007 – when markets were so hung-up on data.