62.7 F
London
Friday, June 21, 2024

AUD/USD Sentiment Remains Bearish According to COT Data

Key Takeaways:

  • The data shows that asset managers and institutional investors now hold 134,025 short contracts, a substantial increase of 10,994 contracts from the previous week.
  • Leveraged funds have also increased their short positions by 11,596 contracts, bringing their total to 54,428.

AUD Sentiment Remains Bearish

The COT data suggests that asset managers and institutional investors are still bearish on the AUD. However, recent data suggests that this sentiment could be reversed, which could be confirmed next week.

AUD Sentiment Asset Managers

According to the COT report, asset managers and institutional investors have significantly increased their short positions in AUD futures contracts while simultaneously reducing their long positions. This shift in positioning indicates that these market participants are anticipating a decline in the value of the AUD in the near future.

The data shows that asset managers and institutional investors now hold 134,025 short contracts, a substantial increase of 10,994 contracts from the previous week. Conversely, their long positions have decreased by 2,323 contracts, now standing at 30,826. This divergence in positioning suggests a growing bearish sentiment among these key market players.

AUD Sentiment Leveraged Funds

Leveraged funds have also increased their short positions by 11,596 contracts, bringing their total to 54,428. However, their long positions have also risen by 17,532 contracts, now totaling 29,853. While the increase in long positions may seem contradictory, it is important to note that the net position of leveraged funds remains short, indicating an overall bearish bias.

If the trend of increasing short positions and decreasing long positions among asset managers and institutional investors continues, it could provide further evidence of a weakening AUD.

Lazarus
Lazarushttps://ljlnews.com
Publisher and editor of LJLNews. I am a Stock Market enthusiast, with an interest for politics. I hope you enjoy reading the articles! Contact me at: Lazaruslucas@ljlnews.com

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles