Futures market speculative positioning data from the CFTC Commitments of Traders report as of the close on Tuesday, July 30:
- EUR net short 8.5k vs short 28k prior
- JPY net short 82K vs short 87K prior
- GBP net short 49K vs short 49K prior
- AUD net short 73K vs short 64K prior
- CAD net short 11K vs short 17K prior
- NZD net short 1K vs short 2K prior
- CHF net short 1k vs short 5K prior
- Dollar Index net long 25K vs 28K prior
Euro shorts headed for the exits, which will lead to a more balanced market and, ironically, makes it a better time to short. Otherwise, not much notable to report except that AUD shorts are definitely getting crowded — it’s the largest short position on record, narrowly exceeding the -70K reading in early July.
AUD net position – CFTC
