Forex futures market positioning data as of the close of the market on Tuesday, November 29, 2016

  • EUR 119K short vs 119 short last week. Unchanged
  • GBP 78K short vs 74K short last week. Shorts increased by 4K
  • JPY 0K vs 11k long last week. Longs cut by 11k
  • CHF 24K short vs. 23K short last week. Shorts increased by 1 K
  • CAD 19K short vs. 18K short last week. Shorts increase by 1 K.
  • AUD 21K Long vs 31K long last week. A decline of 10K.
  • NZD 2K short vs 0K last week. Short increased by 2K

The speculative position in the JPY was finally square up by traders after a move from an election day low of 101.179 to a high this week of 114.82. That highlights the change in speculative positions as of the close of business on Tuesday, November 29th.

The AUD longs were cut by 10K in the current week. The EUR and GBP positions remains largely skewed to the short side. The GBPUSD is trading at the highest level since October 6th - the day before the GBP flash crash. That pair may be moving on the back of a short squeeze. As for the EURUSD short, the pair remains close to the lows but showed some small bullish signs recently (see post here).