Forex futures net speculative positions as of the close of business on Tuesday May 9, 2017

  • EUR long 22K vs 2K short last week. Longs increased by 24K
  • GBP short 47K vs 81K short last week. Shorts trimmed by 34K
  • JPY short 36K vs 30K short last week. Shorts increased by 6K
  • CHF short 15K vs 18K short last week. Shorts trimmed by 3K
  • CAD short 86K vs 48K short. Shorts increased by 38K
  • AUD long 26K vs 43K long. Longs cut 17K
  • NZD short 11K vs 12K short last week. Shorts trimmed by 1K

Highlights for this weeks speculative positions:

  • EUR position switches to longs for the first time since May 2014
  • GBP shorts cut sharply (-34K). Traders get the feeling that short is not the way to be. Lowest short position since June 28, 2016. The GBPUSD reached the highest level since September 2016 this week.
  • CAD shorts surge to -86K. That is a record short position for the loonie. The USDCAD is trading near the highest level since February 2016, and traders are betting that there is more weakness ahead.