COT: Speculators bought energy and grains, sold gold ahead of US elections

From home.saxo

Speculators spent the days leading up to the US elections cutting exposure on both long and short positions. Overall, this left the gross dollar long versus eight IMM futures down just 3% to a yet elevated USD 17.7 billion. Exceptions to the risk reduction focus were the JPY and CAD, where speculators increased existing short positions in both. As per the table below, the biggest changes were a USD 3.9 billion equivalent reduction in the EUR short, a USD 1.7 billion equivalent reduction in the GBP long, and the mentioned USD 1.6 billion equivalent increase in the JPY short. In the latest reporting week, the Bloomberg ... (full story)