Futures market speculative positioning data from the CFTC as of the close on Tuesday:
- EUR net short 47K vs short 34K prior
- JPY net short 88K vs short 79K prior
- GBP net short 65K vs short 63K prior
- AUD net short 13K vs long 6K prior
- CAD net short 44K vs short 52K prior
- NZD net long 23K vs long 29K prior
- CHF net short 15K vs short 4K prior
- Dollar Index net long 35K vs 32K prior
The smart money was loading up on EUR and AUD shorts through Tuesday. It’s been a good trade since then. Note the change in CHF positioning as well, showing that I’m not the only one who is starting to see CHF shorts as a good trade.
