Forex futures market speculative positioning data from the CFTC Commitments of Traders report as of the close on Tuesday August 19 2014:
- EUR net short 151K vs short 139K prior
- JPY net short 103K vs short 81K prior
- GBP net long 13K vs long 19K prior
- AUD net long 37K vs long 30K prior
- CAD net long 7K vs long 18K prior
- CHF net short 15K vs short 17Kprior
- NZD net long 12K vs long 13K prior
I don’t understand why specs are still long the pound. I mean, it was a great trade for a long time and maybe there are traders who are holding deep in-the-money positions for the long haul but I don’t see any good reasons to stay in the trade now. Carney is all over the map and the pound can’t rally on good news.
