Although we trade spot forex, it is not a bad idea to be aware of trend on Currency Futures and how large speculators are stacked. One we of identifying this is to look at Weekly CFTC Reports on Major currencies.
The August 1st 2017 report suggest EURUSD Long contracts shrinked by 6K whereas Short contracts increased around 2K. However, the net long positions remain at 82k (Gross Long 191.5 Minus Gross Short 108.8). This suggest some selling interest is arising on this pair.
Here is data for other currencies.
The August 1st 2017 report suggest EURUSD Long contracts shrinked by 6K whereas Short contracts increased around 2K. However, the net long positions remain at 82k (Gross Long 191.5 Minus Gross Short 108.8). This suggest some selling interest is arising on this pair.
Here is data for other currencies.