CFTC positioning data for the week ending 24 August show a substantial decrease in EUR long positions before the FED's annual symposium in Jackson Hole. GBP also saw a substantial decrease in its net positions. AUD and JPY remained currencies with the lowest net positioning gauges across the majors. NZD still looks flat while BTC is on it's way to turning net positive. Changes in net positioning are broadly in line with movements in the spot market.
We have the impression that some of the USD positions could have decreased after the dovish commenta of Jerome Powell at the FED's annual symposium in Jackson Hole. The data, however, provide a good indication of where speculative positioning stand overall.
The Euro and the Canadian dollar remained two currencies with positive net positions but the Euro saw a sharp decrease in positions by 32'272 contracts. The British Pound had the lagest decrease in the percentage of net positions to open interest.
|Instrument||Net Positions||Weekly Change||Net Pos / Open Interest|
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COT Weekly Analysis