I’m guessing cable shorts cleared out in the CFTC data

Last week’s CFTC report showing dollar longs at a six-week high was the best telltale of what was to come.

My guess is that cable shorts were pared back sharply in today’s data, which will be released at 1930 GMT. During the period the report covers — from July 17 to the close on July 23 — cable was the best performer.

Cable net position – CFTC futures