Euro FX Net Speculative Positioning in 2015
Euro FX Net Speculative Positioning opened 2015 at -161,040 and closed at -160,550, a +0.30% move for the year. The high of -62,566 was reached on October 20, and the low of -226,560 on March 31.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | -161,040 | -184,745 | -161,040 | -184,745 | -14.72% |
| Feb | -196,309 | -177,736 | -177,736 | -196,309 | +9.46% |
| Mar | -172,389 | -226,560 | -172,389 | -226,560 | -31.42% |
| Apr | -215,258 | -197,766 | -197,766 | -215,258 | +8.13% |
| May | -190,127 | -171,740 | -168,339 | -190,127 | +9.67% |
| Jun | -165,512 | -100,035 | -89,357 | -165,512 | +39.56% |
| Jul | -99,266 | -104,008 | -99,266 | -112,976 | -4.78% |
| Aug | -113,394 | -66,078 | -66,078 | -115,210 | +41.73% |
| Sep | -67,857 | -87,660 | -67,857 | -87,660 | -29.18% |
| Oct | -88,810 | -105,934 | -62,566 | -105,934 | -19.28% |
| Nov | -134,334 | -175,484 | -134,334 | -175,484 | -30.63% |
| Dec | -182,845 | -160,550 | -159,961 | -182,845 | +12.19% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
Related Metrics
Get historical context as markets unfold, regime classification, scenario triggers, and analysis in your inbox.