According to the positioning data for the week ending 1 October 2019, both funds and asset managers remained in dollar buying mode even as USD has weakened since the CFTC cut-off date. Key Quotes “Looking forward, we expect USD positioning to continue to exhibit volatility owing to multiple factors at play: US-China trade headlines, ongoing political developments in the US, and market expectation of the Fed’s monetary policy path.” “Funds and asset managers both reverted to selling EUR, as the currency weakened further on worse than expected economic and inflation data. However, both continued with their offsetting positons on GBP; while funds sold, asset managers bought. Both were also overall sellers of safe-haven currencies (JPY and CHF), perhaps owing to continued optimism over the upcoming US-China trade talks.” “Commodity currencies saw overall buying by funds led by AUD. However, asset managers were combined net sellers, selling AUD while buying CAD and NZD. In the EMFX space, funds only bought BRL while asset managers bought MXN while selling BRL.” 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 Rising odds for a moderate recovery in NZD/USD – UOB FX Street 3 years According to the positioning data for the week ending 1 October 2019, both funds and asset managers remained in dollar buying mode even as USD has weakened since the CFTC cut-off date. Key Quotes "Looking forward, we expect USD positioning to continue to exhibit volatility owing to multiple factors at play: US-China trade headlines, ongoing political developments in the US, and market expectation of the Fed's monetary policy path." "Funds and asset managers both reverted to selling EUR, as the currency weakened further on worse than expected economic and inflation data. However, both continued with their offsetting positons on GBP;… 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.
