Futures market speculative positioning data from the CFTC Commitments of Traders report as of the close on Tuesday, Sept 3, 2013:
- EUR net long 22k vs long 40k prior
- JPY net short 79K vs short 78K prior
- GBP net short 43K vs short 38K prior
- AUD net short 71K vs short 71K prior
- CAD net short 35K vs short 25K prior
- CHF net long 1k vs long 1K prior
- Dollar Index net long 12K vs 12K prior
Euro longs were caught on the wrong side of the trade and nearly cut the long position in half.
Another recent trend is a specultors betting against the Canadian dollar. The rising short interest in the past two weeks hasn’t yielded any profits so many of those USD/CAD longs are vulnerable to a further fall.
