CFTC commitment of traders: EUR and GBP shorts are cut in the current week

Forex positioning and data in the futures market for the close of trading on Tuesday, September 13, 2016
The weekly commitment of traders report outlines the speculative positions for each currency as of the close of business on Tuesday. It is a snapshot of the past. So in reality the speculative positions are different today. However, traders like to use them to gauge interest, or perhaps even oversold or overbought market conditions.  For example if the positions are at a record short, the speculators are confident about the position, but given a catalyst that might lead to the currency moving the other way, that momentum could lead to a snap back rally on the back of short covering.