Weekly data on futures positioning from the CFTC Commitments of Traders report (as of the close on Tuesday).
- EUR net short 50K, unchanged vs prior week
- JPY net longs increase to 29K vs 21K prior
- GBP net long 30K vs 27K prior
- AUD net long 64K vs 90K prior
- CAD net long 101K vs 105K prior
- NZD net long 21K vs 20K prior
- CHF net short 1K, unchanged vs prior week
Not much movement. Australian dollar longs were covered but still remain at a very high level.
The whipsaw in specs is the kind of thing that happens near a long-term top.