Archived IMT (2008.10.28)

Aussie and Canadian dollar future flows are now added to the speculators futures positions charts. Note how futures positions in the Aussie remain in net positive territory, showing the long AUD positions vs the USD continue to exceed the shorts, despite the 40% plunge in AUDUSD of the past 3 months and the 60% decline in Aussie net longs. This suggests that the speculative element to this years Aussie ascent was not as considerable as that behind EUR and GBP. In contrast, CAD futures positions have turned net short against the USD since July, despite lofty oil prices prevailing at the time. The swift drop in CAD longs reflected the sharp sentiment downturn in USDCAD exchange rate and surging equity market volatility. More analysis to follow on FX spec futures. SUBSCRIBERS RECEIVE INSTANT ALERTS on Intraday Thoughts and Articles.