Technical Analysis
Forex futures positioning data for the week ending October 8, 2019 from the CFTC
- EUR short 75K vs 66K short last week. Shorts increased by 9K
- GBP short 73K vs 77K short last week. Shorts trimmed by 4K
- JPY long 11K vs 14K long last week. Longs trimmed by 3K
- CHF short 11k vs 12k short last week. Shorts trimmed by 1K
- AUD short 46k vs 52k short last week. Shorts trimmed by 6K
- NZD short 38K vs 42K short last week. Shorts trimmed by 4K
- CAD long 5K vs 6K long last week. Longs trimmed by 1K
- prior week
Highlights:
- The EUR so the biggest change with shorts increasing to the highest short level since June 2019
- The GBP is also short and traders have been getting hurt over the last few days. There is a chance that the 500 pip move to the upside this week may have been fueled by shorts covering. We will see how the numbers look next week.
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