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Nov 01 - 04:55 PM

RPT - BUZZ-IMM: USD Buying Across All Majors Lifts USD Long Ahead Of US Election, Fed

By Paul Spirgel  —  Nov 01 - 04:29 PM

Repeat with no changes

  • Net USD G10 long +$8.88bn to +$18.7bn in Oct 23-29 IMM period; $IDX +0.13%

  • Trump trades lift USD: Trump policies seen keeping USD bid, Fed path higher

  • Tuesday elex in focus; Trump win USD, rates positive, Harris less so

  • EUR$ +0.17%: specs -21.8k contracts now -50.3k, lwr ECB view weighs on EUR

  • $JPY +1.55%; specs -37.6k contracts now +25k on hawkish Fed, less dovish BoJ

  • GBP$ +0.27%; specs -8.2k contracts now +66.4k; less-dovish BoE lends supt

  • Note large sterling dip post-budget not accounted for in this report

  • $CAD +0.62%; specs -26.9k contracts now -168k; shorts eyes July ATH -196k

  • AUD$ -1.78%; specs -163 contracts now +27.5k; for now RBA least dovish c.bank

Source:
Refinitiv IFR Research/Market Commentary

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