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
GBP/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
USD/JPY
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
Gold
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
Oil - US Crude
Mixed
Bitcoin
Bullish
More View more
Real Time News
  • The #Dow Jones and #Nasdaq 100 will await key earnings from some of the world’s largest manufacturers and tech companies while the #DAX grapples with freshly-imposed tariffs. Get your equities market update from @PeterHanksFX Here: https://t.co/u2lG19JFt3 https://t.co/OHs4rQEH7T
  • Crude #oil prices are consolidating above a key support zone we’ve been tracking for more-than three months now. Get your market update from @MBForex here: https://t.co/XaACvEpLG4 #OOTT https://t.co/XjmjUt4Par
  • Why trade with Bollinger Bands®? Find out as a day trader, how you can use it to your advantage:https://t.co/dwODDDSsFi @WVenketas https://t.co/SYduJ5k9mL
  • As the global economy continues to contract, the risk of geopolitical threats undermining financial and economic stability are rising, leaving the door open to violent volatility. Get your market update from @ZabelinDimitri here:https://t.co/2HEzqPobvA https://t.co/k13SwJmbRm
  • RT @IGSquawk: We're currently pricing #GBPUSD at 1.2852 and #FTSE at 7129.2 That's a drop of 1.18% from Fridays close for GBPUSD and 0.22%…
  • #DidYouKnow a #Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out: https://t.co/c51s3IBcEu https://t.co/K6W9X4v8XD
  • The $NZD may be carving out a near-term bottom against its US counterpart but scope for gains seems limited within a broader downtrend. Get your technical analysis from @IlyaSpivak here: https://t.co/7bsVuSyWMn https://t.co/DsmNYKk8v3
  • Can you trade with the joy of missing out (#JOMO)? Find out how you can turn your #FOMOintrading to JOMO here: https://t.co/G5H26NXZQe https://t.co/pVdKUPzvmk
  • RT @PaulBrandITV: It’s likely that this will end up in court on Monday. The case in the Scottish courts may well consider that this doesn’t…
  • RT @PaulBrandITV: BREAKING: Tonight the PM has sent this letter to EU requesting an extension to Brexit. Wording is copied and pasted from…
COT Report: USD Bullish Bets at Multi-Year Highs, NZDUSD Net Shorts Doubled

COT Report: USD Bullish Bets at Multi-Year Highs, NZDUSD Net Shorts Doubled

2019-05-07 09:05:00
Justin McQueen, Analyst
Share:

COT Report: Analysis and Talking Points

The Predictive Power of the CoT Report

COT REPORT

Source: CFTC, DailyFX (Covers up to April 30th, released May 3rd)

New Zealand Dollar Net Shorts Double, Speculators Liquidate GBP Long Positions

Investors continued to increase their net long exposure in the USD index with the bullish positioning yet again hitting a fresh multi-year high to near $40bln vs. G10 currencies. Broad based increases in net short positioning had contributed to the rise in USD bullish bets and most notably from an increase in JPY net shorts. Speculative JPY shorts now outweigh JPY longs by 5.8:1 (Prev. 4.3:1). Bearish Euro positioning continues to make up the bulk of USD longs, although the net chance in positioning had been relatively muted with speculators raising both gross longs & shorts.

  • Latest Gross short (259k), 2015 peak (271k), 2016 peak (267k)

GBPUSD net short positioning increased by $232mln, however, this had largely been from a liquidation of Sterling longs. Overall positioning remains slightly neutral.

Commodity Currencies (CAD, AUD, NZD): Net short positioning in the New Zealand Dollar has doubled over the past week, totalling $765mln as speculators increase gross shorts and liquidate gross longs. Given this notable rise in NZD net shorts, a decision by the RBNZ to keep rates unchanged will likely see a sizeable short squeeze in the Kiwi.

IG CLIENT POSITIONING

Please add a description for the image.

IG client data shows 70.5% of traders are net-long with the ratio of traders long to short at 2.39 to 1. In fact, traders have remained net-long since Apr 02 when NZDUSD traded near 0.67808; price has moved 2.5% lower since then. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us astronger NZDUSD-bearish contrarian trading bias.

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.