CFTC Positioning Report: USD net longs rose to +2-year highs

These are the main highlights of the CFTC Positioning Report for the week ended on September 17th:

  • Net longs in the Greenback climbed to the highest level since April 25th 2017. In fact, speculators anticipated another ‘insurance cut’ at last Wednesday’s FOMC event, re-focusing instead on the auspicious prints from the US docket published as of late.
  • The speculative community added gross shorts to their already negative EUR positions, taking net shorts to the highest level since mid-June, as investors continued to adjust to the recently delivered stimulus package from the ECB.
  • JPY net longs eased some ground and retreated to levels last seen in early August on the back of diminishing US-China trade concerns and fresh hopes of some sort of pre-deal at the meetings early next month.
  • RUB net longs receded to the lowest level since March 12th on the back of growing concerns of the impact of the trade war on the domestic economy. The ongoing easing cycle by the CBR was confirmed after another rate cut earlier this month, and this could have probably hurt the sentiment around the Ruble somewhat as well.

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 nears weekly highs as risk-on returns

The EUR/USD pair was dragged higher by a soaring Pound, now hovering around 1.1040. The market is all about sentiment, and this last dependent on Brexit and the US-China trade relationship.



GBP/USD surges to 5-month highs on reports of a draft Brexit deal

GBP/USD has leaped toward 1.28, hitting the highest since May. Reports suggest that the UK and the EU are zooming in on a deal. Details are awaited and negotiations continue.


USD/JPY in search of a firm direction, stuck in a range below mid-108.00s

The prevalent risk-on mood weighed on the JPY’s safe-haven status and extended support. A sharp fall in the US bond yields undermined the USD and failed to impress bullish traders.


Gold slumps to $1,480 area on Brexit hopes

The troy ounce of the precious metal continued to weaken in USD terms in the American trading hours as markets cheered reports claiming that the European Union (EU) and the United Kingdom (UK) are closing in on a draft Brexit deal that could be announced before the end of the day on Tuesday.

Gold News

Cryptos: Incumbents don't know to play well

The Libra project led by Facebook remains on track despite the first defections. Those who have abandoned the project are mostly payment gateways. Bitcoin's lack of tone weighs on Ethereum's mood.

Read more