The Commitment of Traders net speculative positions report from the CFTC as of Tuesday 21 August 2018

  • JPY -47k vs -58k prior
  • EUR -5k vs -2k prior
  • GBP -72k vs -61k prior
  • AUD -50k vs -51k prior
  • NZD -25k vs -27k prior
  • CAD -27k vs -26k prior
  • CHF -47k vs -46k prior
  • BTC -1266 vs -1532 prior
  • S&P +1391 vs +3085 prior
  • US10 -701k vs -699k prior

GBP shorts might be rueing this week after a jump of under 200 pips. They look set to challenge the size of shorts post-Brexit vote. Perhaps a sign of the market’s view of the Brexit progress and possible outcome so far. That’s one currency open to a huge squeeze if a (good) deal gets done.

GBPUSD CFTC futures positioning as of 21 08 2018

Little change elsewhere, save for the JPY which saw shorts reduced. Still, the dollar is the currency that everyone want s to hold.

Ryan Littlestone

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