Weekly CFTC positioning data in the Commitments of Traders report for the close on Tuesday, May 3, 2016:

  • EUR short 23K vs. 40K short prior week
  • GBP short 40K vs. 49K short prior week
  • JPY long 61K vs 66K long prior week
  • CAD long 19K vs 12K long prior week
  • CHF long 7K vs. 9K long prior week
  • AUD long 52K vs 59K long prior week
  • NZD long 9K vs 7K long prior week

This is the first look at how the market was leaning into last week's Fed and BOJ decisions along with this week's RBA. Specs were on the right side of the euro trade and moved in the right direction on AUD (although were still way offside).

In fact, if I look at the past week, just about every trade here suffered to some degree.