FOREX Analysis: US Dollar Speculative Positioning Flips to Net Long

FOREX Analysis: US Dollar Speculative Positioning Flips to Net Long

by Jamie Saettele, CMT, Sr. Technical Strategist

Latest CFTC Release dated November 06, 2012:

Week (Data for Tuesdays)	52 week Percentile / Comment (if applicable)
US Dollar	12 – speculators flip to net long
Euro	88
British Pound	82
Australian Dollar	73
Japanese Yen	12 – speculators short position is consistent with turns towards Yen strength since 2010
Canadian Dollar	82
Swiss Franc	88 – speculators flip to net short
Gold	73
Silver	88
Copper	55
Crude	20

The COT Index is the difference between net speculative positioning and net commercial positioning measured. A light blue colored bar indicates that the difference in positioning is the greatest it has been in 52 weeks (bullish) with speculators selling and commercials buying. A light red colored bar indicates that the difference in positioning is the greatest it has been in 52 weeks (bearish) with speculators buying and commercials selling. Crosses above and below 0 are in bold. Non commercials tend to be on the wrong side at the turn and commercials the correct side. Use of the index is covered closely in detail in my book.

Charts

Non Commercials (speculators) – Red

Commercials – Blue

Small Speculators – Black

COTDiff – Black

Volume on bottom

US Dollar