CFTC Commitments of Traders: Kiwi longs finally squeezed out via ForexLive

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Forex futures market speculative positioning data from the CFTC Commitments of Traders report as of the close on Tuesday September 16 2014:

  • EUR net short 137K vs short 157K  prior
  • JPY net short 83K vs 101K short prior
  • GBP net short 6K vs long 27K prior
  • AUD net long 22K vs long 41K prior
  • CAD net long 8K vs long 12K prior
  • CHF net short 11K vs short 14K prior
  • NZD net long 1K vs long 10K prior
  • Full report

It's clear that fast money was swishing around in cable over the past two weeks as traders weighed the latest polls. I think it's clear at this point that fast money was long headed into the decision and has been cashing out since.

The antipodeans are at some of the lowest net positions in awhile and NZD longs have finally been chased out. Perhaps when AUD longs are wiped it it will be time for a bounce?

Finally, the JPY net short seems very small for a trade that's been such a great one. If specs pile back in, that could get us to 1.10.

CFTC net position GBP

posted via ForexLive

Posted In: FuturesForexGlobalEconomics
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