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
Bearish
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
Mixed
Gold
Mixed
Oil - US Crude
Mixed
Bitcoin
Mixed
More View more
Notice

DailyFX PLUS Content Now Available Freely to all DailyFX Users

Real Time News
  • Your psychology has a significant impact on the decisions you make, particularly if you are new to trading. How can you avoid your emotions from turning you into a #FOMO trader? Find out: https://t.co/FC7CHpk9vA #FOMOintrading https://t.co/WSDr3JkpAG
  • $AUDUSD: Short-term support could lead-in to a quick bounce up to resistance as taken from another prior support level, plotted around the .6830 level on the chart. Get your market update from @JStanleyFX here: https://t.co/tUoe1Roo5t https://t.co/omaDxGNhZU
  • Central bank independence has several advantages. Find out what they are in detail with @MartinSEssex here: https://t.co/wVFXbbTxf1 https://t.co/cQQmuH8biQ
  • The US Dollar remains in consolidation mode against the Philippine Peso and Indian Rupee. Will the Singapore Dollar weaken as $USDSGD rising support holds ahead? Find out from @ddubrovskyFX here: https://t.co/HZ8Loqj3Ey https://t.co/6PCFkdj3ka
  • Follow @DailyFXedu for your regular #webinar updates with @DailyFX analysts and catch up on the webinars you missed. https://t.co/Da10QUg9r1
  • Greed has proven to be a hindrance more than assistance for traders. How does greed lead to #FOMOintrading? Find out from @RichardSnowFX here: https://t.co/aT8TZjlFqP https://t.co/Le8Qx6OOwV
  • $GBPUSD at the moment break-even straddles = 152pips meaning that for option traders to realize gains, the spot price must see a move greater than 152pips. Get your market update from @JMcQueenFX here: https://t.co/odj2lLRrGf https://t.co/RXCBwHGluG
  • $EURGBP has fallen over 6% since August and is now rapidly approaching a critical support level not reached since May. Will a break below accelerate the aggressive selloff? Find out from @ZabelinDimitri here: https://t.co/CBM8Fg7vM0 https://t.co/0yDnEpzQqR
  • The #Euro is struggling for direction against the US Dollar but the near-term downtrend guiding it lower since late June remains firmly intact. Where is $EURUSD heading? Get your technical analysis from @IlyaSpivak here: https://t.co/us6AINmuoe https://t.co/J4hQtyprYf
  • $DXY & $SPX500 hold steady after #FED rate cut. Get your update from @JohnKicklighter here: https://t.co/vqXlKCMDYA
GBP/USD Rise Fuelled by Short Squeeze, EUR/USD Bearish Bets Rise Sharply – COT Report

GBP/USD Rise Fuelled by Short Squeeze, EUR/USD Bearish Bets Rise Sharply – COT Report

2019-09-09 11:00:00
Justin McQueen, Analyst
Share:

COT Report – Analysis and Talking Points

  • GBP/USD Rise Fuelled by Short Squeeze
  • EUR/USD Bearish Bets Sharply Increase
  • USD Longs Added for the First Time Since Beginning of August

The Predictive Power of the COT Report

GBP/USD Rise Fuelled by Short Squeeze, EUR/USD Bearish Bets Rise Sharply – COT Report

Source: CFTC DailyFX (Covers up to September 3rd, released September 6th)

GBP/USD Boosted by Short Squeeze, EUR/USD Bears Surge Ahead of ECB – COT Report

The latest CFTC positioning data show that investors added to their US Dollar long positions for the first time since the beginning of August as bullish bets rose by $2.496bln to $16.178bln vs G10 currencies. The main factor behind the gains in USD long position had been the increasingly bearish sentiment on the Euro ahead of the ECB meeting. The Euro saw a sizeable $1.3bln increase in net shorts to $6.74bln, which had primarily stemmed from the boost in outright Euro shorts.

Elsewhere, net shorts in the Pound had been scaled back for a 4th consecutive week, signaling that much of the negative news had been priced in the Pound. As such, the continued short squeeze has underpinned the Pound in recent sessions.

Speculators marginally cut back on their bearish bets in the Australian Dollar, which now sits at $4bln. As such, in light of the recent improvement to risk appetite, there is a potential for further upside risks to AUDUSD as investors unwind their bearish bets in the currency.

US Dollar

GBP/USD Rise Fuelled by Short Squeeze, EUR/USD Bearish Bets Rise Sharply – COT Report

EUR/USD

GBP/USD Rise Fuelled by Short Squeeze, EUR/USD Bearish Bets Rise Sharply – COT Report

GBP/USD Rise Fuelled by Short Squeeze, EUR/USD Bearish Bets Rise Sharply – COT Report

GBP/USD

GBP/USD Rise Fuelled by Short Squeeze, EUR/USD Bearish Bets Rise Sharply – COT Report

GBP/USD Rise Fuelled by Short Squeeze, EUR/USD Bearish Bets Rise Sharply – COT Report

USD/JPY

GBP/USD Rise Fuelled by Short Squeeze, EUR/USD Bearish Bets Rise Sharply – COT Report

GBP/USD Rise Fuelled by Short Squeeze, EUR/USD Bearish Bets Rise Sharply – COT Report

USD/CHF

GBP/USD Rise Fuelled by Short Squeeze, EUR/USD Bearish Bets Rise Sharply – COT Report

GBP/USD Rise Fuelled by Short Squeeze, EUR/USD Bearish Bets Rise Sharply – COT Report

USD/CAD

GBP/USD Rise Fuelled by Short Squeeze, EUR/USD Bearish Bets Rise Sharply – COT Report

GBP/USD Rise Fuelled by Short Squeeze, EUR/USD Bearish Bets Rise Sharply – COT Report

AUD/USD

GBP/USD Rise Fuelled by Short Squeeze, EUR/USD Bearish Bets Rise Sharply – COT Report

GBP/USD Rise Fuelled by Short Squeeze, EUR/USD Bearish Bets Rise Sharply – COT Report

NZD/USD

GBP/USD Rise Fuelled by Short Squeeze, EUR/USD Bearish Bets Rise Sharply – COT Report

GBP/USD Rise Fuelled by Short Squeeze, EUR/USD Bearish Bets Rise Sharply – COT Report

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

DISCLOSURES

News & Analysis at your fingertips.