Tag Archives: MXN
Weekly CFTC Trader Positioning Data
• Risk aversion on the back of EM jitters drove a significant shift in currency positions this week. Investors shifts included short covering in JPY with increased long allocation to gold, EUR and GBP;
Weekly CFTC Trader Positioning Data
• Shifting investor sentiment away from the European currencies is the key theme this week, as the CHF position has shifted to net short—typically a bearish signal—alongside a continued modera-tion in
Weekly CFTC Trader Positioning Data
Investors pared exposure to European currencies heading into key US & ECB events, reducing net long positions in EUR, GBP and CHF. Meanwhile, JPY, CAD and AUD continue to be held net short.
Weekly CFTC Trader Positioning Data
Sentiment appears to be building over the domestic stories ra-ther than a broader USD move driven by talk of tapering. The data highlight this well with notably mixed positioning against the USD, as CAD, AUD and
FX Viewpoint: Great strengthening potential in MXN!
The main factors behind Mexico’s sluggish economic growth in the first half of 2013 were weak external demand and a large contraction in public expenditures.
FX Viewpoint: Headwinds to Mexican growth are abating
Mexico’s third quarter GDP growth reverses last quarter’s contraction and signals that Mexico is on track for a modest economic recovery.
FX Sentiment Report
• The bearish shift against the USD that had been observed to-ward the end of September continued into the start of the US gov-ernment shutdown.
Weekly CFTC Trader Positioning Data
• The market is adding to FX risk and slowly shifting to a more bearish USD stance. There is now a large long EUR position and large short JPY and AUD holdings;
FX Sentiment Report
* Shifts in sentiment were biased against the USD following the Summers resignation and heading into Wednesday’s FOMC,
Weekly CFTC Trader Positioning Data
* There are three key takeaways from this report:1) Traders were nervous and scaled back risk as most currencies saw a reduction in gross short and
Weekly Economic & Financial Commentary
U.S. Review Mixed Signals About Third Quarter Growth • The August employment report signaled continued modest job growth.