CFTC S&P 500 Non-Commercial Net Positions comes in at -68K

The CFTC S&P 500 Non-Commercial Net Positions report, released today, showed the net position at -68K. This figure represents a notable decrease from the previous reading of -10.6K. No consensus figure was available for comparison.

Approximately 15 minutes after the release, market reactions across major currency pairs were generally limited. AUDUSD gained 1.2 pips, EURUSD gained 0.2 pips, and GBPUSD rose by 1.3 pips. NZDUSD saw a 0.7 pip increase. USDCAD moved -0.4 pips, USDCHF gained 0.4 pips, and USDJPY increased by 1.7 pips. XAUUSD, however, saw a larger move, rising 20 pips. For most pairs, these initial moves are smaller than their respective median 1-hour moves, which typically range from 3 pips to 5 pips. XAUUSD’s 20 pip move is comparable to its top-quarter releases, which move 19+ pips.