Forex futures net speculative positions as of the close of business on Tuesday May 16, 2017
– EUR long 37K vs 22K short last week.
– GBP short 33K vs 47K short last week.
This is the second week of big shifts in positioning. Volatility has ebbed but with big bets like this, it’s bound to jump. The euro traders have been rewarded so far while the shift to short CAD bets has been beaten up.
