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.
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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Hi Ryan (and all). As I am always (way to) late for the GwtF thread.
Decided to follow up Sunday evening on last weeks analysis, with excellent results.
EU, EJ, GJ and (to a lesser degree) GU longs paid off handsomely without looking back, 795 very green points at 1% margin, and (finally) out of the scalping routine, I liked it.
Observing EU’s moves of yesterday and today, got me the feeling it was mostly dealer driven over the last 2 days, with probably a bunch of institutions getting filled and a wall of orders waiting in the 1640-60 area (both directions).
As for Yen, my regression channels correctly predicted a stall of the fall but the (crucial) 1150 level got rejected today (although CNY might have played a role in that)
As for the coming week, I think to stay sidelined come Sunday and Monday, checking out EU & UJ’s PA.
For the entire FXF team (and readers), have a good weekend.
ps: EUR/GBP short looks very promising for next week !
pps: Forgot to mention; the +795 net result for the week included also UJ long with entry at 0988 and exit at 1122.
Well traded AGP. Good to see those pips fly in.