According to Francesco Pesole, FX strategist at ING, the recent outperformance of the US dollar across the board is becoming increasingly evident in the most recent CFTC FX positioning data. Key Quotes “In the week 6-12 November, speculative investors kept adding short positions in both low-yielders (Japanese yen and Swiss franc) and pro-cyclical currencies (Canadian and Australian dollars) – despite the broadly supported risk sentiment.” “The euro showed some particular resistance to the strong dollar story, with EUR/USD net positioning staying stubbornly flat around -10% (of open interest), in line with its five-year average.” “Similarly, positioning in the British pound remained unchanged, with increasingly solid expectations for a market-friendly Tory win building some resistance to more GBP selling.” “The yen continues to face steady selling pressure: in two months, net positioning moved from +20% to -20% of open interest, as JPY appears to be bearing the brunt of the latest risk-on shift.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next ECB’s de Cos: Interest rates are expected to stay at low levels for longer in many countries FX Street 3 years According to Francesco Pesole, FX strategist at ING, the recent outperformance of the US dollar across the board is becoming increasingly evident in the most recent CFTC FX positioning data. Key Quotes "In the week 6-12 November, speculative investors kept adding short positions in both low-yielders (Japanese yen and Swiss franc) and pro-cyclical currencies (Canadian and Australian dollars) - despite the broadly supported risk sentiment." "The euro showed some particular resistance to the strong dollar story, with EUR/USD net positioning staying stubbornly flat around -10% (of open interest), in line with its five-year average." "Similarly, positioning in the British pound… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
