The weekly forex positioning data in the CFTC Commitments of Traders report for the week ending Tuesday, November 20, 2018:
- EUR short 47K vs 37K short last week. Shorts increased by 10K
- GBP short 43K vs 47K short last week. Shorts trimmed by 4K
- JPY short 100K vs 102K short last week. Shorts trimmed by 2K
- CHF short 20K vs 19K short last week. shorts increased by 1K
- CAD short 6k vs 3k short last week. Shorts increased by 3K
- AUD short 59k vs 58k short last week. Shorts increased by 1K
- NZD short 19K vs 22K short last week. Shorts trimmed by 3K
The only move here is a fresh shift to euro shorts as economic data deteriorates. The more aggressive euro selling shows a growing hope of a dovish shift at the ECB.
