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  • Last week’s march higher in EUR/USD may well extend further after Friday’s Eurozone economic statistics that will likely turn the ECB more hawkish on monetary policy. Get your weekly Euro forecast from @MartinSEssex here: https://t.co/EWrJy5LfOF https://t.co/NQj5xCdw9b
  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here: https://t.co/nAa0fHHGbZ https://t.co/uDeIMr1Ks4
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here: https://t.co/7t4BzmLg8w https://t.co/srqRhfdKUd
  • Cable is pulling off after a strong run; near-term weakness may be the theme before trying to rally again. Get your weekly GBP technical forecast from @PaulRobinsonFX here: https://t.co/030gXzxlEc https://t.co/ux7W6OcBOm
  • Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception. Learn about the shooting star candlestick and how to trade it here: https://t.co/mfwJ0sZLTs https://t.co/FPKAoLQuuI
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here: https://t.co/t9Flsqcxo9 https://t.co/2L5DGk7cxl
  • Dealing with the fear of missing out – or FOMO – is a highly valuable skill for traders. Not only can FOMO have a negative emotional impact, it can cloud judgment and overshadow logic. Learn how you can control FOMO in your trading here: https://t.co/lgDf5cVYOn https://t.co/zRBB1hmhJm
  • USD/CAD has bounced off a key support area on Friday and could potentially charge higher in the coming week as risk-aversion over coronavirus fears has started to dominate market moves. Get your weekly CAD technical forecast from @DColmanFX here: https://t.co/bySyBXTAdr https://t.co/y6UqD0quGN
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here: https://t.co/ADSC4sIHrP https://t.co/sPcCTQfaRd
  • The US Dollar slipped last week after the Federal Reserve calmed taper timeline talks. Friday’s non-farm payrolls figure may rekindle upside USD bets if it impressive. Get your weekly USD forecast from @FxWestwater here: https://t.co/4KDanAA0Q1 https://t.co/ZZWpIZlZBo
Record Trend Following Long Positions in Gold and Silver

Record Trend Following Long Positions in Gold and Silver

Jamie Saettele, CMT, Sr. Technical Strategist
  • Biggest long position for CAD trend followers in over 3 years
  • Record trend following long position in gold
  • Record trend following long position in silver

For more analysis and trade setups, visit SB Trade Desk

Subscribe to Jamie Saettele's distribution listin order to receive several free reports per week

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 May 10th, 2016

Week (Data for Tuesdays)

52 week Percentile

US Dollar

4

Euro

98

British Pound

28

Australian Dollar

94

Japanese Yen

88

Canadian Dollar

100

Swiss Franc

80

Mexican Peso

55

Gold

100

Silver

100

Copper

59

Crude

75

Charts (all charts are continuous contract)

Non Commercials (speculators) – Red

Commercials – Blue

Small Speculators – Black

COTDiff (COT Index) – Black

US Dollar ICEUS Continuous Contract

Record Trend Following Long Positions in Gold and Silver

Chart prepared by Jamie Saettele, CMT

Euro CME Continuous Contract

Record Trend Following Long Positions in Gold and Silver

Chart prepared by Jamie Saettele, CMT

British Pound CME Continuous Contract

Record Trend Following Long Positions in Gold and Silver

Chart prepared by Jamie Saettele, CMT

Australian DollarCME Continuous Contract

Record Trend Following Long Positions in Gold and Silver

Chart prepared by Jamie Saettele, CMT

Japanese YenCME Continuous Contract

Record Trend Following Long Positions in Gold and Silver

Chart prepared by Jamie Saettele, CMT

Canadian DollarCME Continuous Contract

Record Trend Following Long Positions in Gold and Silver

Chart prepared by Jamie Saettele, CMT

Swiss Franc CME Continuous Contract

Record Trend Following Long Positions in Gold and Silver

Chart prepared by Jamie Saettele, CMT

Mexican Peso CME Continuous Contract

Record Trend Following Long Positions in Gold and Silver

Chart prepared by Jamie Saettele, CMT

Gold COMEX Continuous Contract

Record Trend Following Long Positions in Gold and Silver

Chart prepared by Jamie Saettele, CMT

Silver COMEX Continuous Contract

Record Trend Following Long Positions in Gold and Silver

Chart prepared by Jamie Saettele, CMT

Copper COMEX Continuous Contract

Record Trend Following Long Positions in Gold and Silver

Chart prepared by Jamie Saettele, CMT

Crude Oil NYMEX Continuous Contract

Record Trend Following Long Positions in Gold and Silver

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.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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