The Commitment of Traders net speculative positions report from the CFTC as of Tuesday 14 August 2018
- JPY -58k vs -63k prior
- EUR -2k vs +10k prior
- GBP -61k vs -59k prior
- AUD -51k vs -55k prior
- NZD -27k vs -25k prior
- CAD -26k vs -25k prior
- CHF -46k vs -46k prior
- BTC -1532 vs -1611 prior
- S&P +3085 vs +3357 prior
- US10 -699k vs -586k prior
EURUSD longs give up turn small short. the pain was too much under 1.1500.
CFTC EURUSD positioning to 14 08 2018
Another big standout is the huge short spec position in US 10’s. It just keep building.
CFTC US 10yr bond positioning to 14 08 2018
Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
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I’m expecting GU & EU (to a lesser degree) to stabilize first half next week,
and end of week to gain (moderately).
Barring G-Pol & E-Pol events of course.
Think Yen crosses have been taking an awful lot over the last month (GY 900 & EY 700), closely monitoring, GY might have excellent entry level long.
I think your analysis is quite sound for next week’s moves but I wouldn’t go trusting the CFTC data too much. As with the option info there’s so many variables in play and it’s hardly a driver of spot prices.
Analysis not CFTC based at all Ryan, as I stated above, it’s a pure liquidity providers market atm, absorptive capacity is huge (unless -for example- Turkish shenanigans take the scene).
“They” bid and offer it where “they” want it to go is maybe exaggerated but not that far off.
As such, GBP specs hanging out there in (almost) record numbers … hmmm … tasty 😉
Sorry, AGP, my mistake for the wrong conclusion.