Webinar: The Trump and Xi show
Join Saxo Bank Head of Forex Strategy John Hardy as he looks ahead to the upcoming G20 meeting between the US and China presidents, as well as general risk conditions and various Brexit scenarios.
Head of Commodity Strategy, Saxo Bank Group
To download your copy of the Commitment of Traders: Forex report for the week ending August 14, click here.
To download your copy of the Commitment of Traders: Financials report for the week ending August 14, click here.
Speculators increased the dollar long against nine IMM currency futures by $1.6 billion to $23.9bn in the week to August 14. This the most bullish dollar exposure in 20 months has led to short positions now being held in all but two of the nine contracts.
The increase was primarily driven by continued selling of 10-year notes and T-bonds Ultra, both of which reached a new record short. This came despite bond yields move lower in response to the deteriorating outlook for Turkey and other heavily indebted emerging market economies.