Forex futures market speculative positioning data from the CFTC Commitments of Traders report as of the close on Tuesday May 19, 2015:
- EUR net short 168K vs short 179K prior
- JPY net short 22K vs 23.5K short prior
- GBP net short 23K vs short 31K prior
- AUD net long 7K vs long 4.5K prior
- CAD net long 4K vs short 4K prior
- CHF net long 9K vs long 10.5K prior
- Full report
Euro shorts were trimmed once again but you can be sure that's going to he a short-term bottom. The move in CAD also stands out as it left the market in a neutral position -- something that could leave plenty of upside in USD/CAD if oil continues to drop and the bid in the buck remains.
