We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Mixed
Wall Street
Mixed
Gold
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Bullish
USD/JPY
Mixed
More View more
Real Time News
  • A tidal wave of cash waits to return to virus-battered assets, backstopped by huge stimulus. It is unlikely to deploy until infection slows, whatever the US administration prefers. Get your market update from @DavidCottleFX here: https://t.co/OWOi2HxejD https://t.co/oSaImLHSv5
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 95.69%, while traders in US 500 are at opposite extremes with 72.84%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/F662hrVIJs
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.01% 🇪🇺EUR: -0.05% 🇳🇿NZD: -0.11% 🇯🇵JPY: -0.23% 🇨🇦CAD: -0.25% 🇬🇧GBP: -0.29% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/Eap93N4RvZ
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: US 500: -1.82% Wall Street: -1.83% Germany 30: -2.34% France 40: -2.41% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/g3El2CLFLt
  • My trading video for today: 'Dow Ends Worst Quarter Since 1987, Oil a Record and Trump Talks Infrastructure' https://www.dailyfx.com/forex/video/daily_news_report/2020/04/01/Dow-Ends-Worst-Quarter-Since-1987-Oil-a-Record-and-Trump-Talks-Infrastructure.html?ref-author=Kicklighter&QPID=917719&CHID=9
  • Foreign exchange – or “#forex” – markets often pay close attention to politics and central bank policy. We offer a model for traders to gauge their impact on exchange rates. Get your market insight from @ZabelinDimitri and @CVecchioFX here: https://t.co/FbXc1Awu6a https://t.co/5Gp7y2QwCB
  • Forex Update: USD gains against its major counterparts, with GBP (-0.31%) and CAD (-0.31%) showing the biggest losses. https://t.co/tsmFUrcLAQ
  • Wall Street Futures [delayed]: Dow Jones (-1.37%) S&P 500 (-1.40%) Nasdaq (-0.98%) -BBG
  • The $USD is on the defensive after the Fed activated open-ended QE to becalm panicky financial markets, but scope for renewed stress means losses may be limited. Get your market update from @IlyaSpivak here:https://t.co/dX4Y2akuLc https://t.co/HTn5MtkpFO
  • (Sentiment Weekly) The #DowJones, #SP500 and #DAX30 have bounced after aggressive declines. Can this momentum last? Trader positioning seems to be offering mixed signals as technicals point bearish - https://www.dailyfx.com/forex/fundamental/article/special_report/2020/04/01/Dow-Jones-SP-500-DAX-30-Outlook-Will-the-Bounce-Last.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/qpCql2i9M8
Extreme Change in British Pound COT Data as BREXIT Vote Nears

Extreme Change in British Pound COT Data as BREXIT Vote Nears

2016-06-13 01:54:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:
  • Extreme change in British Pound ownership profile
  • USD spec long position is small before FOMC
  • Elephants playing in the gold market

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 June 7, 2016

Week (Data for Tuesdays)

52 week Percentile

US Dollar

2

Euro

71

British Pound

0

Australian Dollar

61

Japanese Yen

71

Canadian Dollar

94

Swiss Franc

14

Mexican Peso

33

Gold

94

Silver

77

Copper

12

Crude

84

Charts (all charts are continuous contract)

Non Commercials (speculators) – Red

Commercials – Blue

Small Speculators – Black

COTDiff (COT Index) – Black

US Dollar ICEUS Continuous Contract

Extreme Change in British Pound COT Data as BREXIT Vote Nears

Chart prepared by Jamie Saettele, CMT

Euro CME Continuous Contract

Extreme Change in British Pound COT Data as BREXIT Vote Nears

Chart prepared by Jamie Saettele, CMT

British Pound CME Continuous Contract

Extreme Change in British Pound COT Data as BREXIT Vote Nears

Chart prepared by Jamie Saettele, CMT

British Pound CME Continuous Contract

Extreme Change in British Pound COT Data as BREXIT Vote Nears

Chart prepared by Jamie Saettele, CMT

The most recent COT data (as of 6/7) reveals that the 1 week net change in speculative-commercial positioning is one of the largest since at least 2001. Prior changes of this magnitude are shown with blue dots. Think about this as follows, ‘the ownership profile for British Pounds just underwent an extreme change with speculators selling and hedgers buying.’ This type of activity can signal pessimism extremes and therefore price lows.

Australian DollarCME Continuous Contract

Extreme Change in British Pound COT Data as BREXIT Vote Nears

Chart prepared by Jamie Saettele, CMT

Japanese YenCME Continuous Contract

Extreme Change in British Pound COT Data as BREXIT Vote Nears

Chart prepared by Jamie Saettele, CMT

Canadian DollarCME Continuous Contract

Extreme Change in British Pound COT Data as BREXIT Vote Nears

Chart prepared by Jamie Saettele, CMT

Swiss Franc CME Continuous Contract

Extreme Change in British Pound COT Data as BREXIT Vote Nears

Chart prepared by Jamie Saettele, CMT

Mexican Peso CME Continuous Contract

Extreme Change in British Pound COT Data as BREXIT Vote Nears

Chart prepared by Jamie Saettele, CMT

Gold COMEX Continuous Contract

Extreme Change in British Pound COT Data as BREXIT Vote Nears

Chart prepared by Jamie Saettele, CMT

Gold COMEX Continuous Contract

Extreme Change in British Pound COT Data as BREXIT Vote Nears

Chart prepared by Jamie Saettele, CMT

Elephants are playing in the gold market. The 2nd largest 1 week change since at least 2001 in speculative buying and hedger selling occurred the week that ended 5/6 (optimism extreme-ended up being a high). Just 3 weeks later, the 2nd largest 1 week change since at least 2001 in speculative selling and hedger buying took place (pessimism extreme-ended up being a low).

Silver COMEX Continuous Contract

Extreme Change in British Pound COT Data as BREXIT Vote Nears

Chart prepared by Jamie Saettele, CMT

Copper COMEX Continuous Contract

Extreme Change in British Pound COT Data as BREXIT Vote Nears

Chart prepared by Jamie Saettele, CMT

Crude Oil NYMEX Continuous Contract

Extreme Change in British Pound COT Data as BREXIT Vote Nears

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.

DISCLOSURES

News & Analysis at your fingertips.