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These are the main highlights from the latest CFCT positioning report for the week ended on March 12.

  • Speculators added more than 3K contracts to their gross long positions, taking the net longs to the highest level since December 18 2018.
  • On the other hand, speculative net shorts in EUR dropped to 2-week lows around 75.7K contracts, as market participants continued to adjust to the dovish message from the ECB at its last meeting.
  • On the Sterling side, GBP speculative net shorts climbed a tad to 2-week highs amidst a cautious tone ahead of the key crucial votes.