Forex futures market speculative positioning data from the CFTC Commitments of Traders report as of the close on Tuesday, May 20 2014:
- EUR net short 9K vs short 2K prior
- JPY net short 54K vs short 65K prior
- GBP net long 33K vs long 32K prior
- AUD net long 19K vs long 17K prior
- CAD net short 27K vs short 26K prior
- CHF net long 5K vs long 7K prior
- NZD net long 18K vs long 19K prior
Last week, euro positions shifted from +32K to a net short and the selling continued this week as trades start to bet that ECB easing will weigh on the euro. A clean break of the 200dma will give shorts more conviction.
Yen traders are finally giving up as the BOJ shows no signs of further easing and Kuroda shifts to jawboning.
Other moves were relatively small.
