CFTC Commitments of Traders: A bit of a risk off tone

Weekly US futures positioning data for the week ending June 11, 2021:

  • EUR long 107K vs 109K long last week. Longs trimmed by 2K
  • GBP long 27K vs 24K long last week. Longs increased by 3K
  • JPY short 37K vs 47K short last week. Shorts trimmed by 10K
  • CHF long 1K vs flat last week. Shorts increased by 1K
  • AUD short 9K vs 2K short last week. Shorts increased by 7K
  • NZD long 5K vs 6K long last week. Longs trimmed by 1K
  • CAD long 45K vs 49K long last week. Longs trimmed by 4K

The main move was in buying the yen and selling the Australian dollar. That’s a classic risk off trade and reflects the apprehension in broader markets.

Looking at the chart… is AUD/JPY taking a long pause, or topping out? Either way, the next move will be a big one.

Invest in yourself. See our forex education hub.

News

Articles You May Like

Oil ticks higher as investors weigh new US tariffs
EU is ready to push the trigger in response to Trump, says French foreign minister
Dollar Struggles Continue Despite Strong ADP, Caution Prevails
Gold Technical Analysis – Tariffs are back on the menu
Gold Technical Analysis – Focus on the US NFP report

Leave a Reply

Your email address will not be published. Required fields are marked *