CFTC Commitments of Traders: All the CAD longs are underwater

CFTC Commitments of Traders highlights for the week ending Oct 24, 2017:

  • EUR long 84K vs 90K long last week.
  • GBP short 1K vs 5K long last week.
  • JPY short 116K vs 101K short last week.
  • CHF short 12K vs 5K short last week.
  • CAD long 72K vs 75K long last week
  • AUD long 57k vs 62K last week. 
  • NZD long 1K vs 7K long last week.
  • Last week’s data

The net cable position switched to long for a few weeks but the market has had a quick change of heart (enforced by a spill in GBP) that has sent positioning back to flat.

The NZD position was cleaned out on the political worries.

Finally, that long-CAD position looks very vulnerable. It’s trading where it was in mid-July when the net position was flat, which means the entire +72K net long is underwater.

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