- Biggest shift in Yen positioning ever
- Biggest shift in CAD positioning since March 2013
- Biggest shift in CHF positioning since September 2007
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The COT Index is the difference between net speculative positioning and net commercial positioning measured. A 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 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. 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.
Latest CFTC Release dated January 5, 2015:
| Week (Data for Tuesdays) | |
|---|---|
| US Dollar | 12 |
| Euro | 55 |
| British Pound | 20 |
| Australian Dollar | 88 |
| Japanese Yen | 100 |
| Canadian Dollar | 8 |
| Swiss Franc | 57 |
| Mexican Peso | 18 |
| Gold | 16 |
| Silver | 29 |
| Copper | 29 |
| Crude | 0 |
Charts (all charts are continuous contract)
Non Commercials (speculators) – Red
Commercials – Blue
Small Speculators – Black
COTDiff (COT Index) – Black
US Dollar ICEUS Continuous Contract
Chart prepared by Jamie Saettele, CMT
Euro CME Continuous Contract
Chart prepared by Jamie Saettele, CMT
British Pound CME Continuous Contract
Chart prepared by Jamie Saettele, CMT
Australian DollarCME Continuous Contract
Chart prepared by Jamie Saettele, CMT
Japanese YenCME Continuous Contract
Chart prepared by Jamie Saettele, CMT
Large speculators have flipped to a net long position (very small) after being net short since October 2012. Large speculators are trend followers and will catch the large move but get chopped up in sideways markets. Irrespective of multi-week pullbacks in Yen, the massive shift in positioning is a clear change in behavior (which is seen in price of course too). For a shorter term look at sentiment, check out SSI.
Canadian DollarCME Continuous Contract
Chart prepared by Jamie Saettele, CMT
Swiss Franc CME Continuous Contract
Chart prepared by Jamie Saettele, CMT
Mexican Peso CME Continuous Contract
Chart prepared by Jamie Saettele, CMT
Gold COMEX Continuous Contract
Chart prepared by Jamie Saettele, CMT
Silver COMEX Continuous Contract
Chart prepared by Jamie Saettele, CMT
Copper COMEX Continuous Contract
Chart prepared by Jamie Saettele, CMT
Crude Oil NYMEX Continuous Contract
Chart prepared by Jamie Saettele, CMT
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
To contact Jamie e-mail jsaettele@dailyfx.com. Follow me on Twitter for real time updates @JamieSaettele
Jamie is the author of Sentiment in the Forex Market and co-founder of SB Trade Desk.
