Home / Blog / Market Analysis / CFTC Position Watch - Speculators continue to cut EUR long positions; remain short AUD & CAD

CFTC Position Watch - Speculators continue to cut EUR long positions; remain short AUD & CAD

Market Analysis /
Milan Cutkovic / 11 Jun 2018

The latest CFTC report shows that there have been only minor changes in speculative FX positioning.

Large speculators continue to reduce their EUR long exposure. Net positioning stands at 89k, a 4k decrease from the previous week. The Euro has stabilized after bouncing off 1.15 support, but is still struggling to recover properly. The Italian crisis is likely to weigh on the Euro in the near-term.

EUR
EUR

GBP net positioning fell from 9k to 7k long. Cable is consolidating around 1.34, and speculators are awaiting further details on Brexit. 

GBP
GBP

Meanwhile, speculators cut their JPY short positions, bringing net positioning to 3k vs. 8k in the previous week. Demand for the Yen has faded slightly, but with tensions still high, the safe havens could get bid any time.

JPY
JPY

Positioning in the commodity currencies only changed slightly: 

  • AUD net short 20k vs net short 21k previously
  • CAD net short 16k - unchanged
  • NZD net long 4k vs net long 1k previously
AUD
AUD

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