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
Mixed
GBP/USD
Bullish
USD/JPY
Mixed
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
Gold
Bullish
Oil - US Crude
Mixed
Bitcoin
Bearish
More View more
Real Time News
  • As we head into next week, Cable is continuing to digest the massive leg higher last month, which at some point soon could mean another surge. Get your $GBPUSD technical analysis from @PaulRobinsonFX here: https://t.co/LJ42YhDe3X https://t.co/5hGwhGBpLB
  • Asia’s vast and growing importance to the world economy is not yet matched by the presence of a currency trading center to rival the established order. Get your update on market drivers in Asia from @DavidCottleFX here: https://t.co/E2hqoRdO7q https://t.co/urMnUCq4fn
  • RT @markets: White-hot pot stocks have flamed out in spectacular fashion https://t.co/3GsVsRyZaZ
  • What is the best time to trade #forex? Find out: https://t.co/M9R46r5ewa #tradingstyle https://t.co/gJ1QDrox67
  • #Gold prices may be given a tailwind from the FOMC minutes and escalating trade war risks if they fuel demand for anti-fiat assets amid expectations of additional Fed easing. Get your $XAUUSD market update from @ZabelinDimitri here: https://t.co/OJ7WUY9W7E $gld https://t.co/kBp3opzptm
  • Why should you set trading goals? How can it help regardless of what your #tradingstyle is? Find out: https://t.co/AYdD7ODlv1 https://t.co/G0ftVurNNN
  • Manning the penalty box today...i hope there aren't too many visitors https://t.co/1y81Li7laL
  • Do you think your #tradingstyle is of a #FOMO trader? Find out how you can turn that to #JOMO? Find out: https://t.co/79Q4pYdVEd https://t.co/S82AOd5AeP
  • What are the truths and lies of #forex trading regardless of your #tradingstyle here: https://t.co/uF75VPzstr https://t.co/xJ808KvLxr
  • RT @PaulMDomenick: “But Paul, I don’t have a mentor!! Really? •Do you have YouTube? You have a mentor! •Do you have a bookstore? You hav…
COT Report: GBPUSD Net Long for the First Time Since June 2018

COT Report: GBPUSD Net Long for the First Time Since June 2018

2019-04-23 10:00:00
Justin McQueen, Analyst
Share:

COT Report: Analysis and Talking Points

  • Large Addition to JPY Net Shorts Boost Aggregate USD Long Positioning
  • Speculators Net Long on GBP for the First Time Since June 2018

The Predictive Power of the CoT Report

COT REPORT: G10 CURRENCIES

Source: CFTC, DailyFX (Covers up to April 16th, released April 19th)

Large Addition to JPY Net Shorts Boost Aggregate USD Long Positioning

Bullish bets in the USD rose by $1bln after a sizeable increase in net short positioning by $1.7bln in JPY net shorts. Elsewhere, bearish bets on the Euro eased slightly as speculators added to its gross long positions, however, both the Euro and Japanese Yen remain the largest net shorts in the G10 space.

GBP net positioning have switched to net long for the first time since June 2018 with gross longs at the highest since September 2018. Much of this short squeeze had been fueled by the reduced risks of the UK leaving the EU without an agreement. However, with that said, gains for the Pound could be somewhat limited given that the currency is unlikely to find much relief from a potential short squeeze.

Commodity Currencies (CAD, AUD, NZD): Positioning in the Kiwi remains relatively neutral, although with expectations on the rise for a RBNZ rate cut, bearish bets on NZDUSD may rise in the near-term. Elsewhere, AUD shorts have eased amid the pick-up in Chinese data, which in turn favours further upside in AUDNZD.

US Dollar

Please add a description for the image.

EURUSD

Please add a description for the image.Please add a description for the image.

GBPUSD

Please add a description for the image.Please add a description for the image.

USDJPY

Please add a description for the image.Please add a description for the image.

USDCHF

Please add a description for the image.Please add a description for the image.

USDCAD

Please add a description for the image.Please add a description for the image.

AUDUSD

Please add a description for the image.Please add a description for the image.

NZDUSD

Please add a description for the image.Please add a description for the image.

KEY TRADING RESOURCES:

--- Written by Justin McQueen, Market Analyst

To contact Justin, email him at Justin.mcqueen@ig.com

Follow Justin on Twitter @JMcQueenFX

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

DISCLOSURES

News & Analysis at your fingertips.