Weekly Forex futures met noncommercial positioning data for the week ending May 21, 2019:
- EUR short 101K vs 95K short last week. Shorts increased by 6K
big move is in the pound, where specs finally hit the 'sell' button.
The market did a poor job of figuring out what was going on with GBP and
missed nearly all of the move lower (at least so far). To be fair,
everyone has been frustrated with the pound.