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Anzo Lim

USD Positions before Thanksgiving

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https://jump.wikifx.com/83348CF26389B46D

The overnight US dollar rally has continued since last Friday. The US dollar index surged to as high as 98.33 at one point. EUR/USD fell to the 1.10 mark, while USD/JPY rose to the 109 level.

These trends before the upcoming US Thanksgiving holiday this week are the results of forex positions adjustments before the end of the month. Compared with the stock market and the bond market, the readjustment of capital flows will have a stronger impact than hedging operations, so it may trigger selling of USD against EUR or GBP near the end of the month.

As of November 19th, 2019, the number of speculative net long positions for the ICE USD index decreased by 3,159 to 24,62. Speculative longs decreased by 2,408 to 31,509, and speculative shorts increased by 751 to 6,884. The non- reportable long positions for US dollar increased by 29,649 to 164,004.

Edited by Anzo Lim
 

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