The CFTC Report- Sterling Bullish Bias Could be Limited by 1.6820 Cap | IFCM
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The CFTC Report- Sterling Bullish Bias Could be Limited by 1.6820 Cap

14/4/2014
The latest report by Commodity Futures Trading Commission (CFTC) covering data up to the 8th of April showed that the trend for the most of the currencies remained unchanged concerning investor’s sentiment. The Euro bullish sentiment moderated against the US Dollar for one more week as deflation risks sustain. The Euro weekly change has been the largest negative change among major currencies in the respective week and the common currency lost the first place in net long position against the US Dollar. At the same time the Japanese Yen net short position holds as the biggest for another week at minus $10.73 billion. Moreover, the samurai currency had the lowest long/short ratio however the weekly negative change diminished and next week’s data might reveal positive weekly transformation due to current risk aversion.


Furthermore, the Canadian Dollar negative bias calmed as the net short decreased by $0.21 billion to minus $3.14 billion. On the other hand the British Pound bullish bias increased by $1.37 billion against the US Dollar which is the largest bullish weekly change. The Australian Dollar bias turned bullish with net long position climbing to $0.31 billion. In the reporting week the kangaroo currency weekly change has been the second strongest and it is coupled with uptrend establishment in the price pattern.


Lastly, the biggest long/short ratio was built by the Swiss Franc according to the latest report. This dynamic has been the same like the previous report despite that the net long position declined by $0.41 billion according to CFTC. The second largest long/short ratio is with the British Pound which is gradually building its bullish sentiment in recent weeks. The net long at GBP is making a new high but the exchange rate failed for another week to rise above 3 and a half years cap at 1.6820.

CFTC Sentiment vs Exchange Rate

Net Long and Short Positions

Weekly Change of Net Long and Short

Long and Short Ratio

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Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.


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