Forex futures market speculative positioning data from the CFTC Commitments of Traders report as of the close on Tuesday, April 8, 2014:
- EUR net long 23K vs long 33K prior
- JPY net short 87K vs short 88K prior
- GBP net long 46K vs long 34K prior
- AUD net long 3K vs short 4K prior
- CAD net short 34K vs short 37K prior
- CHF net long 11K vs long 14K prior
- NZD net long 20K vs long 18K prior
The net Australian dollar position is positive for the first time since May.
AUD net
If the buyers fall in love with the Australian dollar there’s lots of fuel left in the tank before it’s crowded.
On the other hand, the specs got it wrong once again this week on the euro — selling when they should have been buying. Cable, meanwhile, is finally starting to get some love.
