CFTC forex futures data: EURUSD dip buyers jump in too early while GBP turns long

Here’s the latest data from the CFTC’s Commitments of Traders futures speculative positioning report as of Tuesday 26 September 2017

JPY -71K vs -51K prior
EUR +88K vs +62K prior
GBP +5K vs -10K prior
CHF –1.8K vs -1.5K prior
CAD +75K vs +59K prior
AUD +77k vs +72k prior
NZD +8K vs +7K prior

All hail the mighty pound as positions turn long for the first time since the week of 20th October 2015. EURUSD dippers looked to have jumped in a bit early, as we hit the low 1.17’s the day after this report. Some of those new possies might be round about flat with the bounce back into 1.18.