CFTC weekly positioning data released March 11, 2016 for forex futures:

  • EUR short 72K vs 69K short prior week
  • GBP short 49K vs. 39K short prior week.
  • JPY long 64K vs. 60K long prior week
  • CAD short 26K vs. 30K short prior week
  • CHF short 0.1K vs. 1.5K short prior week
  • AUD long 29K vs. 17K long prior week
  • NZD short 2K vs 4K short prior week

The data reflects the close on Tuesday, March 8.

Speculators were betting against the euro headed into the ECB and some were no-doubt squeezed out afterwards.

The other takeaway is that the market is beginning to find itself smitten with the Australian dollar.