Forex futures net speculative positions as of the close of business on Tuesday July 25, 2017.
- EUR long 91K vs 91K long last week. No change in position.
- GBP short 26K vs 16K short last week. Shorts increased by 10K.
- JPY short 121K vs 127K short last week. Shorts trimmed by 6K
- CHF short 2K vs 4K short last week. Shorts trimmed by 2K
- CAD long 27K vs 8K short. CAD longs increased by 19K.
- AUD long 56k vs 51k last week. Longs increased by 5K.
- NZD long 35K vs 36K long last week. Longs trimmed by 1K
Highlights:
- The position in CAD continues to rotate. Last week, the short finally turned to long. This week, the position long increased by an additional 19K
- The short position in the JPY was trimmed by 6K but remains quite lumpy at -121K. The JPY is going out at the end of the week at the highest level since June 15th (lower USDJPY). If the price of the USDJPY continues to move lower, those longs could get squeezed and that could lead to a faster decline.
- The EUR long remains elevated at 91K. In this pair, the speculative positions are making money. The EURUSD is trading near the high for the week and looks toward the next key target at the 200 week MA at 1.1794.
