I’m not sure which numbers you’re looking at, but you can find the weekly currency reports here.. These are the currency indexes for each country, they are not currency pairs and you should be looking at “Non Commercial” in the drop down menu.
Here’s a spreadsheet I do each week, I’ve highlighted AUD in blue. At the top you’ll see all the column headings, two of which read “Long: 48,188” and “Short: 80,856”. These are the overall current positions. Beside each of those columns is a “Change” column which tells you the positions added or subtracted for the current week (Feb. 11). This week we can see that there were 10,809 short positions removed, as well as 180 long positions removed, which would lead you to believe that the bias is toward long this week, despite the overall numbers being short.
Now, if you look at the monthly ADX (AU Index) chart, it’s not hard to see why the majority stay short on this currency on a long term basis.
If you bought in 2011 and held you’d be laughing.
If you are interested in looking at currency pairs, you can find them here. I also have the current week in my chart above.
My issue with these reports is that they are compiled on Tuesday but not released to us until Friday, So beware and use at your own risk.