Forex futures market speculative positioning data from the CFTC Commitments of Traders report as of the close on Tuesday, Feb 11, 2014:
- EUR net short 7K vs short 13K prior
- JPY net short 79K vs short 77K prior
- GBP net long 11K vs long 11K prior
- AUD net short 47K vs short 56K prior
- CAD net short 59K vs short 60K prior
- CHF net long 1K vs long 2K prior
- NZD net long 8K vs long 8K prior
Whoever is holding those 10,672 long GBP contracts this week is feeling awfully good about themselves, there’s plenty of room for more to join the party and I suspect they are piling in. Once again the euro specs were on the wrong side of the market.
