Weekly Futures market speculative positioning data from the CFTC as of the close on Tuesday 4 June
- EUR net short 57k vs short 85k
- JPY net short 83k vs short 95K prior
- GBP net short 78K vs short 75K prior
- CAD net short 40K vs short 33K prior
- NZD net long 6K vs long 14K prior
- CHF net short 25K vs short 29K prior
- Dollar Index net long 43K vs 46K prior
EUR shorts dropping is no surprise given the dollar moves.
And yen shorts have come off the boil slightly.
I want to see next weeks report to see what damage has been really done to the yen.
Perhaps the bigger headline is that traders have turned net buyers of treasuries. There’s now 20k long compared to 36k short last week.
- Gold longs increased to 61k from 57k
