Hello, my name is Tim Shea, and I am the Business Director and publisher for DailyFX.com. Over the years, DailyFX has developed a lot of really great features, but has not had a good place in which to feature them. So, I’ve started a blog.
The DailyFX Publisher Blog will feature articles from time to time about new features and changes to DailyFX. It will give you the low-down on the latest happenings here, and I plan to occasionally use it to highlight some of our research that I think is particularly interesting.
For example, Jamie Saettele today pointed out that, using COT data, the sentiment of FX futures’ traders is at a record extreme. This is remarkably bullish for the Euro. As he pointed out to me today:
“The most recent commitments of traders (COT) released by the CFTC shows that commercial traders hold a record number of euro contracts and non commercial traders are less than 10,000 contracts from a record short position. The previous record for commercial longs and non commercial shorts was the week that ended 5/14/2010. The EURUSD closed that week at 1.2358. The low for 2010 occurred 4 weeks later at a weekly closing price of 1.2111. Historically, commercials hold the largest long positions at lows while non commercials the largest short positions at lows. The two groups’ current positioning is bullish for the EURUSD.”
You can also see another new feature on DailyFX in his article. If you click on any of the charts, they will pop out full-screen, allowing you to see more and with greater clarity. Mike Boutros also used this feature with today’s Scalp Report.
Please stay tuned to this blog as we’re working on new stuff all the time at DailyFX. Of course our best source of new ideas for the site comes from our readers. Please send me any feedback you have on anything about the site at any time at firstname.lastname@example.org.