CFTC positioning report: EUR net shorts climbed further

  • Speculators increased their net short position to the highest level since early December 2016 above 102K contracts during the week ended on April 9, as investors kept adjusting to the dovish message from the ECB.
  • On the USD side, net longs increased to 4-week highs just below 30K contracts, with gross longs and shorts changing just a little. Investors seem to be more focused on the health of the US economy, leaving the Fed’s stance on the back seat for the time being.
  • GBP net shorts shrunk to the lowest level since June 2018 around 6.5K contracts, pari passu with the rally in Cable. Of note, however, is the sharp decline in open interest since March, which warns against the continuation of the up move and could favour some near term consolidation.
  • VIX net shorts increased further, reaching the highest level since mid-October 2017. The sharp build of short positions in the ‘panic index’ falls in line with lack of direction in the global markets as well as the extremely thin trade conditions seen in past months.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD extends falls after US retail sales beat expectations

EUR/USD extends its falls after US retail sales beat expectations with 1.6% and despite downward revisions. It trades in the low 1.1200s. Earlier, Germany's Manufacturing PMI dropped sent it lower.


GBP/USD struggles around 1.3000 after US retail sales

GBP/USD trades around 1.3000 after US retail sales beat expectations with significant rises. It dipped below the line earlier. UK retail sales also exceeded early projections, but the damp market mood kept it pressured. 


USD/JPY keeps the red below 112.00 mark, despite goodish USD uptick/stable equities

The USD/JPY pair trimmed a part of its early slide and recovered around 20-pips from weekly lows, albeit struggled to make its way back above the 112.00 round figure mark.


XRP make a move and puts the market in take-off mode

The market is a few cents away from going into full bullish mode. The bullish process follows the expected pattern, first XRP, then ETH. BTC must accept the team player role and back up the market.

Read more

Gold: Bounce from YTD lows/50% Fibo. support might turn out to be short-lived

The precious metal stalled its recent decline and managed to stage a modest recovery from support marked by 50% Fibo. level of the $1196.40-$1346.85 strong up-move.

Gold News