{"id":144458,"date":"2010-01-06T07:20:44","date_gmt":"2010-01-06T12:20:44","guid":{"rendered":"http:\/\/www.businessinsider.com\/watch-out-carry-traders-speculators-are-dollar-bullish-for-the-first-time-since-the-end-of-the-crisis-2010-1"},"modified":"2010-01-06T07:20:44","modified_gmt":"2010-01-06T12:20:44","slug":"watch-out-carry-traders-speculators-are-dollar-bullish-for-the-first-time-since-the-end-of-the-crisis","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/144458","title":{"rendered":"Watch Out Carry Traders, Speculators Are Dollar Bullish For The First Time Since The End Of The Crisis"},"content":{"rendered":"<p>The moderate strength in the greenback we saw at the end of 2009 wasn&#8217;t just a little blip. As <a href=\"http:\/\/danskeresearch.danskebank.com\/link\/IMM050110\/$file\/IMM_050110.pdf\">Danske Markets<\/a> (via <a href=\"http:\/\/www.fallstreet.com\/fallstfeed.htm\">Fall Street<\/a>) notes in a new report, speculators are bullish on the dollar for the first time since May.<\/p>\n<p>Here&#8217;s what they see as some of the trends in markets as we start the year<\/p>\n<p style=\"padding-left: 30px;\">The most recent IMM report was compiled on 29 December, giving us an indication of <br \/>year-end positioning. The unwinding of dollar shorts that accelerated in early December <br \/>continued towards year-end and significant long dollar positions were added. As a result <br \/>speculative investors turned net long in dollar for the first time since May 2009.&nbsp; <br \/>&bull; Most notably, long dollar positions were added against the euro, taking net short EUR <br \/>positions to 23 percent of open interest (compared with net long EUR positions of 30 <br \/>percent of open interest just two months ago). Hence, EUR\/USD risks from a position <br \/>squeeze have shifted from the downside to the upside, leaving room for an accelerated <br \/>move higher in the pair.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br \/>&bull; Speculative shorts have also been built up in CHF and JPY, thereby increasing the <br \/>downside risk in both USD\/CHF and USD\/JPY. <br \/>&bull; On the contrary, net longs have been maintained in the commodity currencies AUD, NZD <br \/>and CAD. The price action during the first days of 2010 even suggests that net long <br \/>positions in these currencies have been built further.<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/~~\/f?id=4b447f7a00000000001a6782\" border=\"0\" alt=\"dollar\" \/><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/watch-out-carry-traders-speculators-are-dollar-bullish-for-the-first-time-since-the-end-of-the-crisis-2010-1#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/bernankes-credit-binge-is-causing-a-huge-global-bubble-2010-1\">How Bernanke&#8217;s Policies In 2009 Created A Permanent, Negative Turning Point For The Dollar<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/morgan-stanley-dollar-bashers-will-be-crushed-by-the-fed-2010-1\">Morgan Stanley: The Fed Will Crush Dollar Haters in 2010<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/faber-dollar-will-rally-10-more-stocks-will-keep-running-higher-2009-12\">Faber: Dollar Will Rally 10% More, Stocks Will Keep Running Higher<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/hHWQLNK0rr0\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The moderate strength in the greenback we saw at the end of 2009 wasn&#8217;t just a little blip. As Danske Markets (via Fall Street) notes in a new report, speculators are bullish on the dollar for the first time since May. Here&#8217;s what they see as some of the trends in markets as we start [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-144458","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/144458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=144458"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/144458\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=144458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=144458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=144458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}