CFTC Commitment of Traders: GBP shorts remain near record levels. EUR near square.

Forex futures net speculative positions as of the close of business on Tuesday March 28, 2017:

• EUR short 8K vs 20K short last week. Shorts trimmed by 12K


• GBP short 104K vs 108K short last week. Shorts trimmed by 4K


• JPY short 53K vs 67K short last week. Shorts trimmed by 14K


• CHF short 16K vs 12K short last week. Shorts increasedb by 4K


• CAD short 28K vs 24K short.  Shorts increased by 4K


• AUD long 53K vs 45K long.  Longs increased by 8K 


• NZD short 13K vs 13K short last week.  No change

GBP shorts were trimmed in the current week but only by 4K. It remains near record levels (last week was the record).  The chart below shows the trend in net shorts for the GBP. The large position keeps the door open for a short covering rally if the market is surprised.  

EUR shorts continue to be trimmed. They stand at 8K. The last time the EUR shorts were so small was back in May of 2014. See the chart below.  Traders are giving up on the chances for a run to parity.  

CFTC Commitment of Traders: GBP shorts remain near record levels. EUR near square.
CFTC Commitment of Traders: GBP shorts remain near record levels. EUR near square.
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