CFTC data, euro net shorts fall 38%

By Peter Boockvar - March 19th, 2010, 4:10PM

According to the CFTC weekly data for the week ended Tuesday, net shorts in the euro fell by 38% from last week’s record high and are now at a 6 week low. Net shorts in the pound moved up a touch to just shy of its record high. Net longs in the Australian$ rose to the most since May ’08 and net longs in the Canadian$ rose to the highest since Nov ’07. Gold new longs fell to a 4 week low. Net longs in crude rose 14% and are just 12k contracts from a record high dating back to 1983. Net shorts in natural gas reached a record high dating back to 1993. Coincident with the rise in 2 yr yields (and flattening of the yield curve), net longs in the 2 yr note fell to the lowest since July ’09 and net shorts in the 10 yr fell to the lowest since Dec ’09.

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Category: MacroNotes.

Comments

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

2 Responses to “CFTC data, euro net shorts fall 38%”

Simon Says:
March 19th, 2010 at 9:00 pm
Technicals look bad for the week ahead. Just say’n
Choose your friends | Market Melange Says:
March 20th, 2010 at 3:15 pm
[...] is needed and not existent, you need to develop it. Hesitation is not a solution. According to the CFTC weekly data for the week ended Tuesday, net shorts in the euro fell by 38% from last week’s record high and [...]