The weekly forex positioning data in the CFTC Commitments of Traders report for the week ending Tuesday, December 11, 2018
- EUR short 56K vs 61K short last week. Shorts trimmed by 5K
It's not a particularly eventful report. The market trimmed yen shorts as the pair stayed stubbornly high. Overall, US dollar net longs pulled back from a nearly two-year high.
Forwarding a bit of chatter on stop loss sellers lurking under 0.7165 and 0.7160.
- Ahead of there bidders clustered 0.7170
News, politics and USD movement is a driving force for the AUD right now, more than usual, but do note these areas mentioned heading into Europe/UK trade (still a good few hours away).