Forex futures market speculative positioning data from the CFTC Commitments of Traders report as of the close on Tuesday Dec 23, 2014:
- EUR net short 147K vs short 127K prior
- JPY net short 94K vs 87K short prior
- GBP net short 15K vs short 15K prior
- AUD net short 39K vs short 34K prior
- CAD net short 12K vs short 16K prior
- CHF net short 17K vs short 4K prior
- NZD net short 1.4k vs short 0.6k prior
Analysts have trumpeted calls for short euro trades in 2015 and the speculative community is on side. The trouble in Greece adds another reason to sell the euro and today’s fresh low keeps the momentum intact.
CFTC euro net short
