DerailedCapitalism.com Page 1 Date Long Short Net Long Short Net September 7, 2010 27,734 27,282 452 777 -4,439 5,216 August 31, 2010 26,957 31,721 -4,764 2,068 22,979 -20,911 August 24, 2010 24,889 8,742 16,147 -9,557 3,810 -13,367 August 17, 2010 34,446 4,932 29,514 -12,170 -505 -11,665 Contracts of 100,000CAD w/w change Date Long Short Net Long Short Net September 7, 2010 53,156 76,855 - 23,699 2,057 - 187 1,870 August 31, 2010 51,099 76,668 - 25,569 - 3,492 - 474 -3,966 August 24, 2010 54,591 76,194 - 21,603 - 6,733 - 243 -6,976 August 17, 2010 61,324 75,951 - 14,627 5,527 -16,423 - 10,896 Contracts of 125,000EUR w/w change September 12th: Commitment of Traders Report-40,000 -20,000 0 20,000 40,000 60,000 80,000 100,000 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 CAD Net Position Net Long -150,000 -100,000 -50,000 0 50,000 100,000 150,000 200,000 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 EUR Net Position Net Long Short Foreigners Remain Optimistic on Canada CAD net position was in the positive this week, hitting 452 contracts. Long positions increased slightly from 26,957 to 27,734 while short interest decreased from 31,721 to 27,282. Expect net positions to increase with the BoC raising the discount rate and the jobs report coming in stronger than expected. The Euro is back in the forefront, with speculators remaining net short. Net longs increased from 51,099 to 53,156 while short interest increased from 76,668 to 76,855. Speculators remain bearish of the USD co ming into the midterm elections. Furthermore, the market is concerned with the expansion of the Federal Reserve balance sheet, large and growing federal fiscal budget deficits, socialist tax policies and further job losses. AUD long positions surged on positive economic news out of China. Long positions increased by 15,439 while short positions only increased by 2,281. This brings the net position to 56,966, an increase of13,158. The Swiss Franc is coming close to parity with the USD, speculators are continuing to pile into the currency with net positions increasing by 2,346 to 16,627. As data points to further economic deterioration, speculators decreased net positions in both crude oil and the S&P 500. Retail investors continue to flow out of equities and into bonds, resulting in decreased long positions. Net gold positions increased once again to 239,697. This is the 5 th straight week that positions have increased. Further pressure against the USD is helping drive gold to new highs.
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