CFTC Commitment of Traders Report

CFTC Commitment of Traders Report: On Friday the CFTC reported that as of the previous Tuesday, speculators had pared net euro long positions to a measly 23,049 contracts (from 24,007 the week before). Market News notes that “this compares to the April 29 net euro short of 21,315 contracts, which was the first speculative net euro short position since December 2005. The new net long euro positions remains in sharp contrast to the net euro long position of +119,538 contracts, seen May 15, 2007 which was a record euro long.”

Meanwhile, in the yen, speculators went more long to 50,105 contracts from 5,325 contracts the
week before. “This compares to the net long position of 16,005 contracts seen July 1 and the net short of 12,747 contracts seen June 24. Last Tuesday's position remains in contrast to the March 25 position of 65,920 contracts, which was a record net long yen position and June 26, 2007's net yen short of 188,077 contracts, which was a record short.”