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COT 03/02

Monday, 02 March 2009 20:08:23 GMT | Jamie Saettele, Senior Currency Strategist

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Monday, 24 August 2009 21:33:57 GMT COT 08/24
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Monday, 30 March 2009 18:23:29 GMT COT 03/30
Monday, 23 March 2009 18:06:35 GMT COT 03/23
Monday, 16 March 2009 18:10:15 GMT COT 03/16
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NZD: New Zealand Dollar speculators are net short and commercials net long.

030209_cot_6

However, the 13 week index is at 0. This warns that the difference between speculative and commercial positioning may need to decline prior to resumption of the trend. The long term trend is still down however.

Implications: neutral

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