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
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
Mixed
USD/JPY
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
Gold
Bullish
Oil - US Crude
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
Bitcoin
Mixed
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.22%, while traders in US 500 are at opposite extremes with 76.20%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/x0bKaNAhmU
  • The $USD may fall against the Swedish Krona and Norwegian Krone if commentary from officials at the Davos forum uplift market mood and pressure haven-linked currencies. Get your market update from @ZabelinDimitri here:https://t.co/SZAG0yMu3d https://t.co/CY7vQwuEL1
  • So far this week, #GBP has been the best-performing #G10 currency against #USD with +0.78% spot-returns while #NOK has been the worst with -0.96% [delayed]
  • 🇳🇿 NZD Credit Card Spending (YoY) (DEC), Actual: 3.4% Expected: N/A Previous: 4.5% https://www.dailyfx.com/economic-calendar#2020-01-24
  • Heads Up:🇳🇿 NZD Credit Card Spending (YoY) (DEC) due at 02:00 GMT (15min), Actual: N/A Expected: N/A Previous: 4.5% https://www.dailyfx.com/economic-calendar#2020-01-24
  • My trading video for today: '$EURUSD, $USDJPY and $AUDNZD Absorb ECB, Risk Trends, Key Data' https://www.dailyfx.com/forex/video/daily_news_report/2020/01/24/EURUSD-USDJPY-and-AUDNZD-Absorb-ECB-Risk-Trends-Key-Data.html?ref-author=Kicklighter?CHID=9&QPID=917719 https://t.co/jmks6CdRNI
  • The Indonesian Rupiah outperformed Thursday as the Bank of Indonesia held rates unchanged and the central bank noted that the economic cycle passed its bottom, welcoming #Rupiah appreciation as in line with the fundamentals #ASEAN #USDIDR #Indonesia
  • The $AUD is pressuring four-month trend support against its US counterpart as sellers fight to reassert the dominant, long-term downtrend. Get your market update from @IlyaSpivak here: https://t.co/Bup64Arva9 https://t.co/R867zN295e
  • My #ASEAN-based US Dollar index has been aiming higher this week following positive RSI divergence (fading downside momentum). Fears of the #coronovirus have been denting regional sentiment, pushing the haven-linked Greenback higher. Dominant downtrend still holds (red line) #USD https://t.co/Au70xCZq8Z
  • Japan's Prime Minister Shinzo Abe: Will do all possible to prevent spread of virus in Japan -BBG
US Dollar Buying Continues, GBP/USD Shorts Rise, CAD Longs Slashed  - COT Report

US Dollar Buying Continues, GBP/USD Shorts Rise, CAD Longs Slashed - COT Report

2019-12-03 09:10:00
Justin McQueen, Analyst
Share:

COT Report – Analysis and Talking Points

The Predictive Power of the COT Report

How to Read the CFTC Report

COT FX Table

Source: CFTC, DailyFX (Covers up to November 26th, Delayed Release due to Thanksgiving Holiday)

US Dollar Buying Continues, GBP/USD Shorts Rise, CAD Longs Slashed – COT Report

In the latest positioning update from the CFTC, data showed that speculators had once again raised their net long exposure in the US Dollar with bullish bets rising around $1.8bln to $22.4bln against G10 currencies.

The largest weekly change had been observed in the Canadian Dollar, which saw another reduction in long positions of $643mln amid the continued weakness in Canadian data. Consequently, positioning in CAD has continued to move towards neutral territory and thus further selling may begin to ease slightly.

Given that risk appetite had remained positive as US equity markets pushed toward record highs, safe-haven currencies were out of favour with sentiment in the JPY and CHF deteriorating further following a $500mln increase in net shorts.

Elsewhere, GBP gross shorts rose by 4k lots which in turn led to a $364mln increase in net shorts. As such, this may explain Sterling’s inability to break above the 1.3000 handle ahead of the general election. Elsewhere, the Euro saw a slight reduction in net shorts as speculators engaged in taking up fresh long positions, however, the Euro remains the largest bearish bet in the G10 complex.

COT FX RANGE

US Dollar

USD COT POSITIONING

EUR/USD

US Dollar Buying Continues, GBP/USD Shorts Rise, CAD Longs Slashed  - COT ReportUS Dollar Buying Continues, GBP/USD Shorts Rise, CAD Longs Slashed  - COT Report

GBP/USD

US Dollar Buying Continues, GBP/USD Shorts Rise, CAD Longs Slashed  - COT ReportPlease add a description for the image.

USD/JPY

US Dollar Buying Continues, GBP/USD Shorts Rise, CAD Longs Slashed  - COT ReportUS Dollar Buying Continues, GBP/USD Shorts Rise, CAD Longs Slashed  - COT Report

USD/CHF

US Dollar Buying Continues, GBP/USD Shorts Rise, CAD Longs Slashed  - COT ReportUS Dollar Buying Continues, GBP/USD Shorts Rise, CAD Longs Slashed  - COT Report

USD/CAD

CAD COT POSITIONINGUS Dollar Buying Continues, GBP/USD Shorts Rise, CAD Longs Slashed  - COT Report

AUD/USD

US Dollar Buying Continues, GBP/USD Shorts Rise, CAD Longs Slashed  - COT ReportUS Dollar Buying Continues, GBP/USD Shorts Rise, CAD Longs Slashed  - COT Report

NZD/USD

US Dollar Buying Continues, GBP/USD Shorts Rise, CAD Longs Slashed  - COT ReportUS Dollar Buying Continues, GBP/USD Shorts Rise, CAD Longs Slashed  - 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.