Financial and Business News

IMM speculative possitions for the week untill 22.07.08

The IMM speculative positions for the week until on 22.07.08 showed a sharp reduction in net short positions in US Dolalrs, based on information from the Commodity Futures Trading Commission.
The USA net short positions against other six major currencies (EUR, GBP, CHF, JPY, CAD, AUD) signed fall in half to $ 9.66 billion for the week until on 22.07.08 to net short positions for $ 20.01 billion during the previous week to laying 15.07.08
For the last week at 22.07.08 on there was a strong decrease in net long positions in the Euro to only 4 071 contract (for every 125 000 euros) to net long positions amounting to 23 049 contract during the previous week, which IS UR / USD board to a new record peak at 1.6038 dollars, but not managed to keep permanently higher levels. In view of the series rather weak economic data from the Eurozone (risk of recession) is not excluded to have experience and to open net short possitions in EUR, but only breakthrough of the EUR / USD below 1.5660/1.5585 may lead to more serious net short positions in EUR.
The net long position in YEN for the last week on 22.07.08 were wound up dramatically to 10 524 contract (each about 12 500 000 yen) to net long positions in the yen amounted to 50 105 contract the previous week.
There fall in net long speculative possitions in GBP per week until on 22.07.08 and they amounted to 3 322 contract (each about 62 000 pounds) compared to net long positions amounting to 6 423 contract for the previous week to laying 15.07.08

Labels: Financial News

posted by Zoritza Petrova @ 10:52 PM