Weekly speculative futures positioning data from the CFTC Commitments of Traders report, collected at the close on Tuesday:

  • EUR net long 24K vs 38K last week
  • JPY net short 61K vs 68K last week
  • GBP net short 16K vs 1K net long last week
  • AUD net long 54K vs 81K prior
  • CAD net long 27K vs 28K last week
  • NZD net long 21K vs 23K last week

The speculative market has finally discovered the short GBP trade. Another thing that jumps out is the swift decline in AUD longs.