Weekly Forex futures met noncommercial positioning data for the week ending May 14, 2019
- EUR short 95K vs 106K short last week. Shorts trimmed of my 11 K
- GBP short 3K vs 7K short last week. Shorts trimmed by 4K
- JPY short 62K vs 92K short last week. Shorts trimmed by 30K
- CHF short 40k vs 40k short last week. unchanged
- AUD short 64k vs 57k short last week. Shorts increased by 7K
- NZD short 11K vs 13K short last week. Shorts trimmed by 2K
- CAD short 48K vs 46K short last week. Shorts increased by 2K
- Prior report
Dollar longs were trimmed in the current commitment of traders report with declines in JPY and to a lesser extent EUR leading the way. The JPY short position (USD long position) was trimmed by 30K. The EUR short (dollar long) was trimmed by 11K but remains relatively high at short 95K. The only short increase was in the AUD. The RBA is expected to mull a cut in rates at their next meeting in a few weeks.
