Commitments of Traders report from the CFTC (as of Tuesday’s close):

  • Net EUR shorts rise to 118K from 101K
  • Net JPY shorts falls to 58K from 66K
  • Net AUD longs up to 48K from 39K
  • Net CHF short to 14K from 10K
  • Net CAD long to 38K from 28K
  • Net GBP short to 13K from 19K
  • Net NZD long to 12K from 7K
  • Net USD longs position down 4%

Slow, steady improvement in GBP positioning since October. It’s likely to cross into positive territory (a bullish signal) if it can sustain the gains from this week.