Euro shorts continue fall

The Commitments of Traders report was just released, the data covers through the end of Tuesday:

  • EUR -140.6K vs -157.5K last week
  • JPY +56K vs +55K
  • GBP -33K vs -26K
  • AUD +78K vs +75K
  • CAD +2K vs -19K
  • NZD +23K vs 15K
  • Net USD position +32.8K vs 38.8K prior

Some interesting developments. GBP shorts expanded even with cable climbing higher, says the market is confident in shorts. CAD turning positive from negative is traditionally a buying signal (ie sell USD/CAD).

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