CFTC S&P 500 Non-Commercial Net Positions come in at -27.3K

The latest CFTC S&P 500 Non-Commercial Net Positions (USD) were reported at -27.3K. This figure represents a decrease in net long positions, or an increase in net short positions, compared to the previous reading of -17.2K. No consensus figure was available for this release.

Following the release, market reactions across major currency pairs and gold were generally modest. AUDUSD moved +0.2 pips five minutes after the release and -1.9 pips after fifteen minutes. EURUSD saw a +0.5 pip move initially, settling at -2.6 pips after fifteen minutes. GBPUSD moved +0.7 pips at five minutes and -2.8 pips at fifteen minutes. NZDUSD registered +0.1 pips at five minutes and -2.1 pips at fifteen minutes. USDCAD moved +0.8 pips at five minutes and +3.5 pips at fifteen minutes. USDCHF saw a -0.9 pip move at five minutes and +1.4 pips at fifteen minutes. USDJPY moved -4.3 pips at five minutes and -1.2 pips at fifteen minutes. XAUUSD moved -17 pips at five minutes and +8.5 pips at fifteen minutes. These measured moves are generally small when compared to the typical median 1-hour moves observed after past releases, which range from 3 to 5 pips for most major currency pairs and 10 pips for XAUUSD.