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
EUR/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
Oil - US Crude
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
Wall Street
Mixed
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
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
  • AUD/JPY IG Client Sentiment: Our data shows traders are now net-long AUD/JPY for the first time since Sep 16, 2020 11:00 GMT when AUD/JPY traded near 76.69. A contrarian view of crowd sentiment points to AUD/JPY weakness. https://www.dailyfx.com/sentiment https://t.co/ixxjaexZoP
  • The US Dollar is struggling against ASEAN currencies despite weakness in the S&P 500. Capital remains flowing into emerging markets, keeping USD under pressure, could this change? Find out from @ddubrovskyFX here:https://t.co/nwhy3XhE74 https://t.co/5S6AARA0DA
  • Gold prices is consolidating at US$ 1,868 - its 100-Day Simple Moving Average (SMA) line. Will it hold above this key support level? https://t.co/o0BM7ABeka
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.23% Gold: -0.07% Silver: -0.97% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/X6JBrsCCnF
  • While @IG_US Client Sentiment is offering a mixed outlook for the S&P 500 and #Dow Jones, these could be at risk to a turn lower based on multiple bearish technical warning signs. Get your market update from @ddubrovskyFX here:https://t.co/9kYnq6hH1f https://t.co/bLHDVvd44Q
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.15% 🇳🇿NZD: 0.11% 🇨🇦CAD: 0.06% 🇪🇺EUR: -0.01% 🇨🇭CHF: -0.01% 🇯🇵JPY: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/p80ihot5KY
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.00%, while traders in EUR/GBP are at opposite extremes with 67.34%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/PHdbvQq8kU
  • Copper prices may continue to push higher despite a worrying surge in Covid-19 cases and the lack of progress in Congressional stimulus negotiations. Get your #copper market update from @DanielGMoss here:https://t.co/N2OW566nID https://t.co/VJfjTNDdZI
  • The US weekly jobless claim number came in at 870k, in line with expectations. This marked a 4th consecutive weekly reading below 1 million mark, but the rate of improvement in the jobs market appeared to have slowed recently. https://t.co/7pEUQk80C8
  • What is the outlook for financial markets ahead of the first presidential debate and how are Democratic nominee Joe Biden and President Donald Trump doing in the polls? Find out from @ZabelinDimitri here:https://t.co/QQwAZTxZFg https://t.co/MSOw9DeSxe
Euro Bearish Bets Boosted, GBP Net Shorts Cut, NZD Shorts Remain Extreme - COT Report

Euro Bearish Bets Boosted, GBP Net Shorts Cut, NZD Shorts Remain Extreme - COT Report

2019-10-07 08:30:00
Justin McQueen, Analyst
Share:

COT Report – Analysis and Talking Points

  • Euro Bearish Bets Largest Since June
  • Speculators Take Up Fresh GBP long positions
  • NZD Shorts Remain Extreme

The Predictive Power of the COT Report

How to Read the CFTC Report

Euro Bearish Bets Boosted, GBP Net Shorts Cut, NZD Shorts Remain Extreme - COT Report

Source: CFTC, DailyFX (Covers up to October 1st, released October 4th)

Euro Bearish Bets Boosted, GBP Net Shorts Cut, NZD Shorts Remain Extreme – COT Report

The latest CFTC positioning data showed that speculators boosted their USDnet long positions by $580mln vs G10 currencies, while overall USD net longs had been increased by a marginal $121mln, thus highlighted caution among investors.

Sentiment in the Euro once again deteriorated with speculators increasing their net short positions by $650mln to over $9bln, marking the largest short position in the currency since June. Elsewhere, bearish bets on the Pound were reduced as investors took up fresh longs in the currency while gross shorts were largely unchanged. GBP is set to remain the most volatile currency across the G10 complex as political noise continues to drive short term price action.

Across the Antipodean currencies (AUD, NZD), speculators continued boost their net shorts, more so against the Australian Dollar. However, given that net shorts in the New Zealand Dollar are at very extreme levels, as has been evidenced by the past week, there is an increased risk for a snap-back higher as investors cover their shorts. Changes in Canadian Dollar positioning had been marginal with speculators lifting their net longs by $150mln.

Positioning changes in the safe-haven currencies (JPY, CHF) were relatively flat with speculators slightly boosting their JPY net long bets amid the current weakening in risk appetite, while CHF shorts were raised. However, bearish sentiment in the Swiss Franc remains relatively small based on historical standards.

Please add a description for the image.

US Dollar

Euro Bearish Bets Boosted, GBP Net Shorts Cut, NZD Shorts Remain Extreme - COT Report

EUR/USD

Euro Bearish Bets Boosted, GBP Net Shorts Cut, NZD Shorts Remain Extreme - COT ReportEuro Bearish Bets Boosted, GBP Net Shorts Cut, NZD Shorts Remain Extreme - COT Report

GBP/USD

Euro Bearish Bets Boosted, GBP Net Shorts Cut, NZD Shorts Remain Extreme - COT ReportEuro Bearish Bets Boosted, GBP Net Shorts Cut, NZD Shorts Remain Extreme - COT Report

USD/JPY

Euro Bearish Bets Boosted, GBP Net Shorts Cut, NZD Shorts Remain Extreme - COT ReportEuro Bearish Bets Boosted, GBP Net Shorts Cut, NZD Shorts Remain Extreme - COT Report

USD/CHF

Euro Bearish Bets Boosted, GBP Net Shorts Cut, NZD Shorts Remain Extreme - COT ReportEuro Bearish Bets Boosted, GBP Net Shorts Cut, NZD Shorts Remain Extreme - COT Report

USD/CAD

Euro Bearish Bets Boosted, GBP Net Shorts Cut, NZD Shorts Remain Extreme - COT ReportEuro Bearish Bets Boosted, GBP Net Shorts Cut, NZD Shorts Remain Extreme - COT Report

AUD/USD

Euro Bearish Bets Boosted, GBP Net Shorts Cut, NZD Shorts Remain Extreme - COT ReportEuro Bearish Bets Boosted, GBP Net Shorts Cut, NZD Shorts Remain Extreme - COT Report

NZD/USD

Euro Bearish Bets Boosted, GBP Net Shorts Cut, NZD Shorts Remain Extreme - COT ReportEuro Bearish Bets Boosted, GBP Net Shorts Cut, NZD Shorts Remain Extreme - COT Report

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

DISCLOSURES