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Nov 04 - 05:55 PM

RPT - BUZZ-IMM: USD Long Slashed Amid Significant EUR, JPY Buying

By Paul Spirgel  —  Nov 04 - 04:51 PM

Repeats with no changes

  • USD long cut significantly in Oct26-Dec1 period, despite $IDX +0.54%

  • EUR$ -0.92% in period, bottom-fishing bulls +30,881, now long 105,790

  • $JPY -0.08%, pair off intervention low, specs +24,998, short now 77,620

  • GBP$ +0.08% in period, GBP specs +2,959 contracts now short 44,836

  • AUD, CAD see small buying shorts cut; NZD bulls +9,037 now -3,647 contracts

  • BTC +1.44% in period, specs -475 flips from small long to -452 contracts

  • Current IMM period seeing significant USD selling after U.S. unemp rate rise

  • Despite Powell comments re ongoing inflation fight, markets pre-disposed to Fed pivot

Source:
Refinitiv IFR Research/Market Commentary

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