Non-commercial accounts added USD longs - Nomura

FXStreet (Bali) - For the week ended August 19, as reported by Nomura, non-commercial accounts added USD longs to the tune of $3.4bn, as well as by an estimated $5.4bn since.

Key Quotes

"Non-commercial accounts bought $3.4bn of USD as of Tuesday. This brought net positioning to $31.1bn, and is the most net long USD has been since July 2013. Our real time indicator suggests an additional $5.4bn of net longs were added by Friday‟s close, bringing positioning to $36.5bn. This is near the peak positioning in May 2013 when net longs reached $41.7bn (all time peak was $44.9bn in June 2012)."

"EUR shorts were added to with $2.1bn of EUR selling on the week, bringing total positioning to $23.1bn. By Friday we estimate specs had sold an additional $2.7bn EUR, bringing net shorts to -$25.9bn. This would be the most net short EUR has been since June 2012."

"Specs sold $0.7bn of JPY on the week ended Tuesday, bringing net shorts to -$10.6bn. By Friday‟s close we estimate that specs had sold an additional $2.9bn JPY, bringing net shorts to an estimated -$13.6bn. This would be the most net short JPY has been since January."