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
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
USD/JPY
Bullish
Gold
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
Oil - US Crude
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
Bitcoin
Mixed
More View more
Real Time News
  • The $NZD is testing resistance guiding the currency lower against its US counterpart for over two years. Will buyers prevail or be rejected yet again? Get your market update from @IlyaSpivak here:https://t.co/hRsbxhwotM https://t.co/ehlbb43gqd
  • very cool, very legal https://t.co/gsOxPiEdIw
  • $USDCAD is testing slope support into the close of the week with the immediate short bias at risk while above 1.3134/51. Get your USD/CAD technical analysis from @MBForex here:https://t.co/eE9yrNEU80 https://t.co/mszY7ouYRF
  • $EURUSD Daily Pivot Points: S3: 1.0966 S2: 1.1041 S1: 1.1085 R1: 1.116 R2: 1.119 R3: 1.1264 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • The British Pound’s relief rally may still have some room to run: volatility in the $GBP has dropped back to levels typically associated with periods of ‘positive developments’ in the #Brexit process. Get your market update from @CVecchioFX here:https://t.co/uzXRd8y4ck https://t.co/Nxf6opYgLd
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 1.31% 🇨🇦CAD: 0.12% 🇨🇭CHF: 0.09% 🇪🇺EUR: -0.09% 🇳🇿NZD: -0.11% 🇦🇺AUD: -0.48% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/z0x9cPG1TN
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Gold: 0.40% Silver: 0.09% Oil - US Crude: -0.47% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/fpuNos9jTO
  • RT @bbands: Most crypto currencies are at or near Bollinger Band Squeeze levels. Time to pay attention.
  • Spot FX Update: $EUR 1.1119 $JPY 109.3505 $GBP 1.3337 $CAD 1.3182 $CHF 0.9842
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 98.07%, while traders in France 40 are at opposite extremes with 78.85%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/rBitc06izt
US Dollar Selling Reverses, AUD/USD Shorts Surge, CAD Selling Begins  - COT Report

US Dollar Selling Reverses, AUD/USD Shorts Surge, CAD Selling Begins - COT Report

2019-11-18 09:15:00
Justin McQueen, Analyst
Share:

COT Report – Analysis and Talking Points

  • US Dollar Selling Reverses
  • CAD Selling Begins While AUD Shorts Surge
  • JPY Remains Neutral Despite Persistent Increase in Net Shorts

The Predictive Power of the COT Report

How to Read the CFTC Report

US Dollar Selling Reverses, AUD/USD Shorts Surge, CAD Selling Begins  - COT Report

Source: CFTC, DailyFX (Covers up to November 12th, released November 15th)

US Dollar Selling Reverses, AUD/USD Shorts Surge, CAD Selling Begins – COT Report

The latest CFTC positioning data showed that speculators had increased their net longs for the first time in four weeks with bullish bets rising $2.19bln against G10 currencies. This had predominantly been led by selling in JPY, AUD and CAD.

Non-commercials have continued to sell the Japanese Yen with net shorts totaling $4bln after a $966mln increase, however, despite the persistent selling in the safe-haven, positioning remains relatively neutral. Elsewhere, changes in GBP positioning were marginal with net shorts reduced by $80mln as speculators continued to cover their short positions (9th consecutive weekly reduction in GBP net shorts).

Investors had cut back on their Canadian Dollar net longs for the first time in a month after a $900mln reduction (gross longs cut by 14k) amid the dovish pivot from the BoC, alongside the recent weakness in Canadian data. As we have highlighted in recent weeks, CAD remains vulnerable to a larger pullback against its major pairs as speculators look to cover their longs. Contrarian signals sent by retail positioning also confirm this, given that IG clients are the most bullish on the CAD since the beginning of October.

Domestic weakness in the Australian economy keeps investors bearish on the currency as net shorts increase by $944mln while NZD bearish bets see a modest reduction as net short positioning adjusted for open interest falls to a 2-month low (keep in mind that this is before the RBNZ’s surprise decision to stand pat on monetary policy).

Please add a description for the image.

US Dollar

US Dollar Selling Reverses, AUD/USD Shorts Surge, CAD Selling Begins  - COT Report

EUR/USD

US Dollar Selling Reverses, AUD/USD Shorts Surge, CAD Selling Begins  - COT ReportUS Dollar Selling Reverses, AUD/USD Shorts Surge, CAD Selling Begins  - COT Report

GBP/USD

Please add a description for the image.US Dollar Selling Reverses, AUD/USD Shorts Surge, CAD Selling Begins  - COT Report

USD/JPY

US Dollar Selling Reverses, AUD/USD Shorts Surge, CAD Selling Begins  - COT ReportUS Dollar Selling Reverses, AUD/USD Shorts Surge, CAD Selling Begins  - COT Report

USD/CHF

US Dollar Selling Reverses, AUD/USD Shorts Surge, CAD Selling Begins  - COT ReportUS Dollar Selling Reverses, AUD/USD Shorts Surge, CAD Selling Begins  - COT Report

USD/CAD

US Dollar Selling Reverses, AUD/USD Shorts Surge, CAD Selling Begins  - COT ReportUS Dollar Selling Reverses, AUD/USD Shorts Surge, CAD Selling Begins  - COT Report

AUD/USD

US Dollar Selling Reverses, AUD/USD Shorts Surge, CAD Selling Begins  - COT ReportUS Dollar Selling Reverses, AUD/USD Shorts Surge, CAD Selling Begins  - COT Report

NZD/USD

US Dollar Selling Reverses, AUD/USD Shorts Surge, CAD Selling Begins  - COT ReportUS Dollar Selling Reverses, AUD/USD Shorts Surge, CAD Selling Begins  - COT Report

For a more in-depth analysis on FX, check out the FX Forecast

--- 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.