CFTC commitment of traders: GBP and AUD shorts are the largest positions

Forex futures positioning data among noncommercial traders for the week ending August 27, 2019

• EUR short 39K vs 38K short last week. Shorts increased by 1K
• GBP short 89K vs 92K short last week. Shorts trimmed by 3K
• JPY long 34K vs 31K short last week. Longs increased by 3K
• CHF short 4k vs 11k short last week. Shorts trimmed by 7K
• AUD short 61k vs 63k short last week. Shorts trimmed by 2K
• NZD short 26K vs 18K short last week. Shorts increased by 8K
• CAD long 11K vs 13K long last week. Longs trimmed by 2K
• Prior week

Highlights:

• The GBP remains the largest short as traders hedge agaiinst a crumble on no-deal Brexit.
• AUD is the next largest short. The AUDUSD is near the lowest level since March 2009 (so spec positions are right there too).
• The NZDUSD reached the lowest level since September 2017 and specs are riding short in that currency as well.
• The JPY is long and the USDJPY reached the lowest level since November 2016 on Monday at 104.43, before rebounding over the rest of the week (trades at 106.29 currently)