The CFTC’s Commitment of Traders report – Westpac

FXStreet (Guatemala) – Sean Callow at Westpac banking corporation noted that the CFTC’s Commitment of Traders report showed that spec EUR short-covering continued in the week to 9 June, with leveraged funds trimming their net position from -84k to -74k, the narrowest such position since July 2014.

Key Quotes:

“This fits the frequent lack of sensitivity of EUR to Greek news – specs reducing their positions anyway. Leveraged funds extended AUD net shorts slightly, from -20.7k to -24.8k, with asset managers little changed, on -29.7k.”

“Specs continued their rebuild of JPY net shorts, out from -101k to -116k over the week, a very large renewed bet on USD/JPY gains after just -26k on 28 Apr. Leveraged funds were long GBP, short CAD and just ahead of the RBNZ rate cut had widened NZD net shorts to -10k. While not a large position, it is the most aggressive kiwi short in this series’ history (since 2006).”

Sean Callow at Westpac banking corporation noted that the CFTC’s Commitment of Traders report showed that spec EUR short-covering continued in the week to 9 June, with leveraged funds trimming their net position from -84k to -74k, the narrowest such position since July 2014.

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