Euro shorts slashed in latest CFTC data

Futures market speculative positioning data from the CFTC as of the close on Tuesday:

• EUR net short 30K vs short 50K prior
• JPY net short 93K vs short 78K prior
• GBP net short 62K vs short 70K prior
• AUD net long 53K vs long 78K prior
• CAD net short 76K vs short 71K prior
• NZD net long 31K vs long 25K prior
• CHF net short 3K vs short 10K prior
• US Dollar Index longs at 38K vs 50K prior

One interesting side note is gold, where net long rose to 129K from 120K despite the collapse on Monday.

With the yen it looks like specs used the weakness on Monday to load up, and that helps explain the quick rebound in USD/JPY.

It's odd to see such a sharp drop in EUR longs when the currency hasn't made a big move. I suspect the close above the 55-dma and a number of other levels on Tuesday sparked the liquidation.

For more historical data, check out this handy tool.