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USD/CHF COT Outlook: week from 30.06.2014

USDJPY Weekly Change 24-Jun-14 17-Jun-14 10-Jun-14
Net Non-Commercial Positions -3,185 -71,223 -68,038 -82,162
Price -22 102.1558 102.1558 102.3702
Open Interest -4,750  148,257 153,007 201,094

USDCHF OUTLOOK: Bullish

There has been a deterioration in CHF sentiment of $1.4bn which has returned the net position back to the short side. It is vey early days to be aggressively bullish on this pair but small poistions and building on it could be profitable.
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