News & Analysis at your fingertips.

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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bearish
Oil - US Crude
Bullish
Wall Street
Bearish
Gold
Mixed
GBP/USD
Bearish
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
USD/JPY
Bullish
More View more
Real Time News
  • Indices Update: As of 08:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 1.45% France 40: 1.26% Germany 30: 1.20% US 500: 1.15% Wall Street: 0.97% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/IJvDb1nDQE
  • Heads Up:🇪🇸 Markit Manufacturing PMI (FEB) due at 08:15 GMT (15min) Expected: 52 Previous: 49.3 https://www.dailyfx.com/economic-calendar#2021-03-01
  • Euro Price Forecast: EUR/USD, EUR/JPY Eyeing ECB Weekly Bond Purchases - https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2021/03/01/Euro-Price-Forecast-EURUSD-EURJPY-Eyeing-ECB-Weekly-Bond-Purchases.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr $EUR $EURUSD $EURJPY https://t.co/2phQjBQPO1
  • 🇨🇭 Retail Sales YoY (JAN) Actual: -0.5% Previous: 5.4% https://www.dailyfx.com/economic-calendar#2021-03-01
  • Heads Up:🇨🇭 Retail Sales YoY (JAN) due at 07:30 GMT (15min) Previous: 4.7% https://www.dailyfx.com/economic-calendar#2021-03-01
  • Slippage can be a common occurrence in forex trading but is often misunderstood. Understanding how forex slippage occurs can enable a trader to minimize negative slippage, while potentially maximizing positive slippage. Learn about FX slippage here: https://t.co/Blrl0uF2Ct https://t.co/y5QA5ZNvgs
  • 🇷🇺 Markit Manufacturing PMI (FEB) Actual: 51.5 Previous: 50.9 https://www.dailyfx.com/economic-calendar#2021-03-01
  • Heads Up:🇷🇺 Markit Manufacturing PMI (FEB) due at 06:00 GMT (15min) Previous: 50.9 https://www.dailyfx.com/economic-calendar#2021-03-01
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here: https://t.co/kODPAfJE79 https://t.co/XuRCWHWsEV
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.74%, while traders in GBP/JPY are at opposite extremes with 64.08%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/0MjvT6Ao40
COT: Japanese Yen & New Zealand Dollar Positioning Move to New Extremes

COT: Japanese Yen & New Zealand Dollar Positioning Move to New Extremes

Paul Robinson, Strategist

What’s inside:

  • Japanese Yen large speculators largest net short position since January 2014
  • New Zealand dollar large specs continue to sell at a furious pace
  • Charts with large spec positioning for major currencies & markets

The COT report is a longer-term sentiment indicator – for a short-term view on sentiment, check out IG Client Sentiment data.

Typically, every Friday the CFTC releases the Commitment of Traders (COT) report, which shows traders’ positioning in the futures market as reported for the week ending on Tuesday. Due to a federal holiday on Friday, the most recent report was published yesterday. In the table below, we’ve outlined key statistics regarding the net positioning of large speculators (i.e. hedge funds, CTAs, etc.); also known to be trend-followers in regards to the type of trading strategies deployed.

Key stats: Net position, one-week change, and where the current position stands relative to the past 52 weeks.

COT: Japanese Yen & New Zealand Dollar Positioning Move to New Extremes

Noteworthy developments

Japanese Yen: The total net-short position among large speculators is now the largest since January 2014. In fact, at nearly -128k contracts, net positioning has grown to one of the largest on record. While further adding of shorts is certainly a possibility, it does warn that should momentum begin to turn in the Yen the substantial build-up in shorts could fuel a turnaround.

See this guide for ideas on how to Build Confidence in Trading.

COT: Japanese Yen & New Zealand Dollar Positioning Move to New Extremes

New Zealand dollar: Large specs have been net-sellers for over three months since building the largest long position on record. The unwind from long to short has been done-so in spectacular fashion as their positioning goes from record long speeding towards the record short position seen in 2015. At -11.2k there is room to go before reaching the -19.6k seen then, but at the recent rate of selling it could be there in the next few weeks if we don’t soon see a bounce. It appears that at some point we will see a sharp turnaround in kiwi based on the extreme move in positioning in such a short period of time, but until price action firms up, sellers will continue to have the upperhand.

COT: Japanese Yen & New Zealand Dollar Positioning Move to New Extremes

Other futures contracts and large speculator positioning:

COT: Japanese Yen & New Zealand Dollar Positioning Move to New ExtremesCOT: Japanese Yen & New Zealand Dollar Positioning Move to New ExtremesCOT: Japanese Yen & New Zealand Dollar Positioning Move to New ExtremesCOT: Japanese Yen & New Zealand Dollar Positioning Move to New ExtremesCOT: Japanese Yen & New Zealand Dollar Positioning Move to New ExtremesCOT: Japanese Yen & New Zealand Dollar Positioning Move to New ExtremesCOT: Japanese Yen & New Zealand Dollar Positioning Move to New ExtremesCOT: Japanese Yen & New Zealand Dollar Positioning Move to New ExtremesCOT: Japanese Yen & New Zealand Dollar Positioning Move to New ExtremesCOT: Japanese Yen & New Zealand Dollar Positioning Move to New Extremes

Paul conducts webinars every week from Tuesday-Friday. See the Webinar Calendar for details, and the full line-up of all upcoming live events.

---Written by Paul Robinson, Market Analyst

You can receive Paul’s analysis directly via email by signing up here.

You can follow Paul on Twitter at @PaulRobinonFX.

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

DISCLOSURES