The below summary highlights futures positions and changes made by hedge funds across forex, bonds and stocks up until last Tuesday, March 24. A period that saw the US Federal Reserve rolled out some of its heaviest artillery to announce ‘open ended’ QE. It was a reminder of the moves they made in March 2009 which finally succeeded in stabilizing the global markets. During the reporting week stocks hit a through on March 23, the dollar continued to strengthen.
In forex speculators, with just a couple of exceptions, continued to cut both long and short positions across all ten IMM currency futures. Despite seeing the dollar rally extend into a second week the net position turned a bit more negative at -$6.6 billion.