Futures market speculative positioning data from the CFTC Commitments of Traders report as of the close on Tuesday, July 16:
- EUR net short 37k vs short 41k prior
- JPY net short 86K vs short 80K prior
- GBP net short 37K vs short 34K prior
- AUD net short 71K vs short 63K prior
- CAD net short 20K vs short 24K prior
- NZD net short 3K vs short 1K prior
- CHF net short 4k vs short 1K prior
- Dollar Index net long 29K vs 29K prior
- Gold net long 23K vs 16K prior
Nothing really leaps out. Dollar shorts were hammered by the squeeze last week but they hung in there or were re-established. Overall, it`s a continue slow shift in dollar longs and suggests they`re longer term positions and strong hands. That`s not something you want to bet against.
