CFTC Commitments of Traders: EUR longs largest since May 2011

Author: Greg Michalowski | Category: News

Forex futures net speculative positions as of the close of business on Tuesday May 30, 2017

  • EUR long 73K vs 65K long last week. Longs increased 8K.  Largest long position since May 2011.
  • GBP short 30K vs 24K short last week. Shorts increased by 6K
  • JPY short 52K vs 52K short last week. Unchanged.
  • CHF short 19K vs 20K short last week. Shorts trimmed by 1K
  • CAD short 98K vs 99K short.  Shorts trimmed by 1K.  Near record levels still.
  • AUD long 3K vs 3K long.  No change.
  • NZD short 5K vs 9K short last week.  Shorts trimmed 4K.
Highlights for the week:

  • The EUR longs for the current week are up 8K and that was just enough (by less than 1K) to make the long position the largest since May 2011 (surpassing the 2013 high). The longs in the pair are increasing, and the price is trading at the highest level since the November US election.  

  • The CAD short position of 98K trimmed last weeks record position by only 1K.   The shorts in the CAD have been hurt as the CAD has been strengthening since early May.  This week we are closing moderately lower for the CAD.  
  • The other net speculative positions were little changed from last week. 

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