Commitment of Traders Report

CFTC Commitment of Traders Report: Market News reports that speculative accounts added to their net short euro futures positions to a total of 38,623 contracts from the net short of 33,778 contracts the week before. “This week's euro position is a record short and remains in sharp contrast to the net euro long position of +119,538 contracts, seen May 15, 2007 which was a record euro long.” As for the yen, speculative currency accounts cut net yen short position to -5,020 contracts from last week's position of -19,970 contracts. Only on July 15, speculative accounts had a net long yen position of 50,105 contracts. This “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.”

In other words, traders are more confused about the yen than anything.

Bye For Now

Barbara Rockefeller - Click here to get a free trial of our currency trading report