FX Positioning: EUR positioning turns negative, AUD extremely oversold

CFTC positioning data for the week ending 5 October showed that EUR net positions turned negative for the first time since March 2020. Meanwhile long positions remain at historical highs and their liquidation can cause downward pressure on EUR. AUD has an extremely bearish net positioning with COT index standing at 0 level. 

Instrument	Net Positions	Weekly Change	Long / Short	COT Index
XAU	189,825	17,110	165.0%	26%
USOIL	21,215	321	54.2%	14%
XAG	14,736	-526	30.7%	4%
SPX500	13,829	-2,284	22.8%	67%
NZD	8,030	-2,214	81.5%	53%
BTC	-1,515	-619	-21.3%	73%
NAS100	-3,207	998	-5.3%	27%
CHF	-17,300	-3,768	-88.4%	0%
GBP	-20,001	-21,624	-29.1%	5%
EUR	-22,399	-23,214	-10.2%	0%
CAD	-23,291	-5,545	-54.1%	4%
JPY	-73,451	2,177	-71.1%	2%
AUD	-89,923	-2,683	-82.4%	0%

Watch the weekly video with our analysis of the latest COT report.