CFTC futures report: EUR longs chopped by more than half

The Commitment of Traders net speculative positions report from the CFTC as of Tuesday 7 August 2018

JPY -63k vs -68k prior
EUR +10k vs +23k prior
GBP -59k vs -47k prior
AUD -55k vs -51k prior
NZD -25k vs -24k prior
CAD -25k vs -32k prior
CHF -46k vs -44k prior

EURUSD longs suffered more pain this week but that doesn’t count for much because we had long periods where JPY shorts were massively off side. It’s one of the things to remember with this report, that it’s not that indicative of the spot market and is really just another guide of sentiment.