CFTC Position Watch - Dollar bulls remain confident

Market Analysis /
Milan Cutkovic / 20 Aug 2018

The latest positioning report from the CFTC shows that speculators haven´t lost faith in the Dollar rally.

EUR net positioning fell from 11k long to 2k long. The currency remains under pressure amid broad risk-off sentiment and lower rate expectations.

EUR
EUR

Meanwhile, GBP net positioning jumped from 59k to 61k short. The market sees a no-deal Brexit as possible, which should keep the British Pound under pressure in the near-term. The clear break below 1.30 will likely attract further selling, with the next significant support level now at 1.25.

GBP
GBP

Speculators cut their JPY short positions slightly, as the Japanese Yen benefited from the risk-off sentiment. Net positioning stood at 58k (vs. 63k in the previous week).

JPY
JPY

Positioning for the commodity currencies: 

  • AUD short 51k vs short 54k previously
  • CAD short 26k vs short 25k previously
  • NZD short 27k vs short 25k previously
AUD
AUD

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