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Tuesday 24 May 2016

Speculators slowly return to dollar

Last week was very quiet in terms of changing the mood of speculators and ended on the eve of the publication of the minutes of the last FOMC meeting on 18 May, report analysts at Scotiabank.
The position of the euro and the yen barely changed, long positions in AUD fell slightly, while short positions in the pound rose slightly, they say.
The main favorites of the bulls and the bears remain respectively yen and pounds. The volume of net short positions in dollars fell.
We have to note that speculators reduced their net long positions in the Canadian dollar for the first time since late January, closing both long and short positions, which suggests uncertainty, remind analysts.
Long positions in AUD decline for the third consecutive week.
In the third week of the last four long positions in the yen have reduced and this is happening against the closure of both long and short positions.
Speculative positions in the Japanese currency continued to be in the zone of very high historical value, concluded from Scotiabank.


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