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CFTC Commitments of Traders Report – TDS


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FXStreet (Barcelona) – Analysts at TD Securities offered the CFTC Commitments of Traders Report for week ending Tuesday, March24th.

Key Quotes:


“IMM data show speculative and CTA-type investors continue to reload aggressively on the short EUR trade after the recent consolidation in the EUR bear trend and some covering of shorts through late February and early March. The latest week’s CFTC data showed a net short of –220k contracts had accumulated in the week through March 24th, up from –193k in the prior week—a new record.”


“The change in net EUR positioning accounted for essentially all of the additional USD5bn in aggregate long USD positioning that this week’s data reflect; the overall bull bet on the dollar totaled USD45.3bn this week—up from USD40.5bn but that is USD2.5bn short of the USD47.8bn record seen at the start of February.”


“Most other contracts saw little net change in positioning; net JPY shorts were trimmed modestly to –45.9k (-48k in the prior week) while net GBP short rose slightly (-38.5k from –37.8k). Positioning in the AUD (-28.3k), NZD (-866) and CAD (-32.6k) was essentially unchanged from the prior week.”


“Net MXN shorts were cut quite sharply, however, declining to –41k from –55k in the March 17th week. Net CHF positioning flipped from a small 2k long to a small –3.9k contract short.”