Futures market speculative positioning data from the CFTC Commitments of Traders report as of the close on Tuesday, August 27, 2013:

  • EUR net long 40k vs long 37k prior
  • JPY net short 78K vs short 72K prior
  • GBP net short 38K vs short 40K prior
  • AUD net short 71K vs short 63K prior
  • CAD net short 25K vs short 10K prior
  • CHF net long 1k vs long 1K prior
  • Dollar Index net long 12K vs 12K prior

CAD is the number that jumps out as the market piled into bets against the loonie after months of hibernation. In the lining of the report, gold longs continue to accelerate to +97K from +73K last week and +56K the week before.

Speculative gold longs CFTC - latest is 97K

Speculative gold longs CFTC – latest is 97K