FX COT Update: AUD Positioning Turns Bullish
From orbex.com
Non-Commercial positioning in the Australian Dollar has flipped net-long again for the first time in 2017 following buying of 9k contracts last week to take the total position to 5k contracts. Short positions have been steadily covered over recent weeks as RBA easing expectations have dissipated, alongside a stream of positive data out of China which has buoyed the Aussie. US Dollar weakness over recent weeks has also provided a steady boost for AUD which is now trading around levels last seen in in mid-October last year. On the data front, the key reading this week will be Q4 CPI which is expected to have increased ...
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