Radical swing towards increased short bias

The course falls under the 1.0. since 6 weeks, the large speculators cut their long positions. While the S & P500 and the Dow to new highs which grab the consumer market "Risk On" screams, the AUD / USD weakens progressively. At least in this market, the large speculators distance of the risky high-yielding currency. RBA lowered its key rate and catalyzed the weakness in the pair.

The mood was very sharp. The net position falls every week, be reduced Longs and shorts are increasingly in demand. A change of the majority position on the short side could be in the next few weeks.

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Currencies

Australian Dollar - Chicago Mercantile Exchange (CME), (AUD / USD)

The large speculators hold 37.60%, 44.64%, and the commercials the small speculators 17.76% of open positions.

Positioning of the "F o nds, banks, asset managers "

Net position (long contracts - short contracts, the large speculators)

The large speculators are positioned at 6,630 contracts (net size) majority Long. The net position fell compared to the previous week -23 604 contracts in the previous month, the value fell by -71,249 contracts.

Long-positioning

This group of large speculators reduced their long positions by -24.36% (-19 802 contracts) compared to the previous week, month on month, the long positions fell by -47.68% (-56 039 contracts). The pure long position of 61,501 contracts.

Short-positioning

In comparison, the Great Week speculators increased their short positions by 7.44% (-3802 contracts), month on month, they increased this to 38.35% (-15 210 contracts). The pure group of short positions is -54 871 contracts.

Snapshot:% ratio

Current ratio of the exhibition of the large speculators 52.85% of the Group's positions are Longs, 47.15% are short positions. The majority long position may be an indication for further price strength.

Positioning tendency

Both in the week as the 4-week comparison was the net position, which speaks for a growing confidence of large speculators in a bearish market trend. From the positioning change results in a bearish trend trading.

The sentiment index of large speculators trading at 37.4 and thus outside of the extreme range (above 80 or below 20). Last week, the index was at 52.67.

Sincerely yours