Forex futures market speculative positioning data from the CFTC Commitments of Traders report as of the close on Tuesday Nov 18, 2014:

  • EUR net short 169K vs short 164K prior
  • JPY net short 92K vs 83K short prior
  • GBP net short 23K vs short 13K prior
  • AUD net short 38K vs short 38K prior
  • CAD net short 20K vs short 22K prior
  • CHF net short 22K vs short 23K prior
  • NZD net short 1k vs short 1k prior

Finally a decent-sized move into yen shorts after it seemed like specs missed out on the big yen rally forever. Cable traders are starting to get the feeling that Carney isn’t going to hike any time soon, plus the UKIP worries.