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Crowded Trade 2.0: Specs Have Never Been More Short Gold Or The Euro

The Long US Dollar, Short US Treasuries trades were the 'most crowded' earlier this year and while both have derisked modestly from record highs, this week saw the net speculative position in EURUSD futures surge more negative and has never been shorter. Along similar 'strong dollar' lines, as Bloomberg reports, net long positions in Gold have dropped to their lowest since Dec 2013 and outright Gold short positions rose for the seventh week in a row to the highest since data began in 2006.

 

Specs have never been more short The Euro against the US Dollar...

 

And gold shorts have never been higher...

 

So everyone on one side of the Strong Dollar boat... apart from The Fed...

 

Charts: Bloomberg