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
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Mixed
Wall Street
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
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • The US Dollar is looking increasingly vulnerable to ASEAN FX, with USD/SGD and USD/THB breaching key support. USD/IDR is eyeing a Rising Wedge, USD/PHP may face February lows. Get your $USD market update from @ddubrovskyFX here:https://t.co/7rSQztIR8z https://t.co/PUNeByV2Ls
  • EUR/USD rocketed higher during early trade, reclaiming the 1.20 handle $EURUSD https://t.co/G04a5892IB
  • @ddubrovskyFX 'The Four Candle Phenom'
  • AUD/USD appears to be on track to negate the head-and-shoulders formation from earlier this year as it clears the opening range for April. Get your $AUDUSD market update from @DavidJSong here:https://t.co/kG7JGNLyve https://t.co/XB5eu2zH53
  • @JohnKicklighter One Bear Pennant coming right up! https://t.co/RVTxa123bH
  • Anyone doing any good technical analysis on $COIN yet?
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 1.08% 🇯🇵JPY: 0.60% 🇨🇭CHF: 0.50% 🇪🇺EUR: 0.46% 🇦🇺AUD: 0.32% 🇨🇦CAD: -0.20% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/hSubj68ZHD
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.08% Gold: -0.32% Silver: -0.55% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/BJga7KvgMr
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.55%, while traders in Germany 30 are at opposite extremes with 80.61%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/uK7z1OwAvN
  • IBM Q1 2021 Earnings: - Revenue: $17.73B (est: $17.32B) - Operating EPS: $1.77 (est: $1.65) ***Reaffirms FY Outlook*** $IBM
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

Justin McQueen, Analyst

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