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Observations from the Speculative Positioning in the Futures Market
marctomarket.com / by Marc Chandler / October 18, 2015
We look at the speculative positioning in the futures market as a proxy for short-term trend and momentum participants. We are interested in gross positioning more than net because it reveals more insight into exposures. It is also more true to our experience that differentiates buying to go long and buying to cover shorts, for example.
Gross position adjustments were among the smallest of the year. There were no significant (10k+ contracts) gross position change. In fact, only two of the 16 gross currency position we track saw more than a 5k adjustment. The gross long euro position rose 5.7k contracts to 71.1k. The gross short Australian dollar position fell by 6.5k contracts, leaving 76k.
However, there were three clear patterns even from the minor position adjustments. First, the net short position fell among all the currency futures, but British pound. Sterling’s net short position rose to 7.5k contracts from -4.5k in the prior reporting period. It is the third week they have risen after being net long for a week.
The post Observations from the Speculative Positioning in the Futures Market appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/10/18/observations-from-the-speculative-positioning-in-the-futures-market/
