COT: Big USD short maintained, record short in US 10-year notes
- Selling of EUR, CAD and AUD being off-set by buying of GBP and JPY
- The net-short in US 10-yr notes reached a record 550,000 lots
- Speculators turned net-short in both S&P 500 and Nasdaq
By Ole Hansen
In the week to April 3 the speculative dollar short against nine IMM currency futures remained close to unchanged meaning a gross-short at the highest since August 2011. Selling of EUR, CAD and AUD was being off-set by buying of GBP and JPY with traders turning net-long the latter for the first time since November 2016.
The VIX net-long rose by 6% ahead of the trade tension carnage that followed the day after data was collected.
— Edited by Adam Courtenay
Ole Hansen is head of commodity strategy at Saxo Bank