Futures market speculative positioning data from the CFTC Commitments of Traders report as of the close on Tuesday, July 2:
- EUR net short 16K vs long 17K prior
- JPY net short 70K vs short 61K prior
- GBP net short 31K vs short 19K prior
- AUD net short 70K vs short 61K prior
- CAD net short 16K vs short 11K prior
- NZD net short 1K vs short 1K prior
- CHF net flat vs long 2K prior
- Dollar Index net long 15K vs 12K prior
- Gold net long 34K vs 31K prior
The speculative market has been wrong-footed on the euro so many times this year. Note that the numbers are fairly dated and both euro and GBP shorts are likely to increase after last week’s central bank meetings. The extreme short position in AUD also helps to explain today’s rally.
euro commitments of traders net
