The latest Commitments of Traders report was released, covering positions through Tuesday
The 3-Year Min/Max Screen shows that "smart money" commercial hedgers moved to new multi-year short exposure in the Canadian dollar and British pound, suggesting headwinds for both currencies in the months ahead. The Backtest Engine shows the pound rose over the next month 41% of the time, averaging -0.3%, when hedgers held more than 50,000 contracts net short. Position changes in other contracts were minimal during a quiet pre-holiday week.
