Forex futures market speculative positioning data from the CFTC Commitments of Traders report as of the close on Tuesday, Dec 10, 2013:
- EUR net long 16K vs long 9K prior
- JPY net short 130K vs short 133K prior
- GBP net long 18K vs long 18K prior
- AUD net short 46K vs short 44K prior
- CAD net short 57K vs short 42K prior
- CHF net long 12K vs long 6K prior
- NZD net long 9k vs long 8k prior
- Dollar Index net long 7K vs 12K prior
All those research notes about the falling Canadian dollar are working. Everyone is piling into Canadian dollar shorts.
Canadian dollar net positioning
It’s the second time this year, the market has bet heavily against the Canadian dollar. The first round of big bets against the Canadian dollar was a bit of a dud. It edged higher for a few weeks and the slowly (I’m talking glacial slowly) the Canadian dollar began to weaken but by that time most of the bets had cleared out.
