CFTC BRL Non-Commercial Net Positions comes in at 39.5K - ForexCracked
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Event recap BRL

CFTC BRL Non-Commercial Net Positions comes in at 39.5K

Published Jul 31, 20:00 UTC
Impact
4/ 10, low

The latest CFTC BRL Non-Commercial Net Positions report, released today, indicated a net long position of 39.5K BRL. This figure marks an increase from the previous week’s reported position, which stood at 35.5K BRL. No consensus estimate was available for this particular economic release.

The USDBRL currency pair showed an initial reaction, moving up 4.5 pips within the first five minutes after the data release. However, fifteen minutes following the report, USDBRL was trading down 31 pips from its pre-release level. For context, past releases of this data have typically seen USDBRL move a median of 25 pips over one hour, with top-quarter releases resulting in moves greater than 30 pips. The observed price action falls within the historical range of volatility for this event.

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