Forex futures market speculative positioning data from the CFTC Commitments of Traders report as of the close on Tuesday, Jan 21, 2014:
- EUR net short 4K vs long 9K prior
- JPY net short 115K vs short 118K prior
- GBP net long 9K vs long 11K prior
- AUD net short 65K vs short 52K prior
- CAD net short 70K vs short 67K prior
- CHF net short 2K vs short 3K prior
- NZD net long 5.5K vs long 10K prior
- Gold net long 43K vs long 44K prior
One of the rules of thumb on positioning data is to bet on a trade when positioning shifts from one side to the other, like in euro this week but in practice I’ve found that it’s a mediocre signal. In any case, the market continues to shift into euro shorts despite the choppy performance of EUR/USD and that might indicate growing confidence in shorts.
