Quarterly Outlook
Equity outlook: The high cost of global fragmentation for US portfolios
Charu Chanana
Chief Investment Strategist
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COT: Dollar sold ahead of dovish ECB surge
Ole Hansen
Head of Commodity Strategy
To download your copy of the Commitment of Traders: Forex report for the week ending June 12, click here.
To download your copy of the Commitment of Traders: Financials report for the week ending June 12, click here.
The speculative dollar short against nine IMM currency futures increased by 29% in the week to June 12. This before its explosive move higher last Thursday following the European Central Bank meeting..
The net dollar selling was broad-based with the exception of EUR and not least MXN where bearish bets doubled as uncertainty about NAFTA weighed. Despite trading weaker, traders still bought JPY which took the net-long to a seven-month high.
In fixed income the overall short duration of bonds held by leveraged funds were reduced for a fourth week. The CFTC reporting period up until last Tuesday captured the sharp short covering rally on June 7 in US 10s while curve flattening trades continued to be in demand ahead of last week’s Federal Open Market Committee rate hike.
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Quarterly Outlook
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Quarterly Outlook
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Quarterly Outlook
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Quarterly Outlook
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Quarterly Outlook
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Quarterly Outlook
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Quarterly Outlook
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John J. Hardy
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Quarterly Outlook
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