AUTOREFRESH 
The shorts get shorter; dollars that is
No surprise, having turned around its long dollar position to a short position in last weekend commitments of traders data, the market has added to that position in this week’s data. The position grew a bit over 10% to $5.66 bln, according to Reuters.
The market’s largest short position is in USD/JPY…
The raw data can be found here.
Specs now short the greenback
COT data as of Tuesday’s close
They’ll look very different next week given the big euro rally to end the week.
EUR shorts hit another record on IMM
No real surprise given we’ve fallen like a rock since Monday morning but net EUR shorts rose to a record 113.9K contracts on the IMM as of the close of business on Tuesday. The market is probably even shorter now.
GBP is also at a record short position of 72.2K.
Fading the market based on the this Commitments of Traders data has been a losing effort of late, but the data is instructive. Once the turn comes in the market, the rebound will be swift. If short, keep stops in place or use some profits to buy out-of the-money calls to protect your winnings.
Specs raise short USD bets
As expected, speculators on the IMM added to dollar shorts in the latest data.
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