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
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
Wall Street
Mixed
Gold
Mixed
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here: https://t.co/9S5tXIs3SX https://t.co/IgUIG55MbH
  • Supply constraints, rebounding global demand and rising inflation expectations may drive crude oil prices higher in the near term. Get your market update from @DanielGMoss here: https://t.co/ezPoAwcJt7 https://t.co/NMfk1cYSvE
  • Take a closer look visually at the most influential global importers and exporters here: https://t.co/G58J1dg6y3 https://t.co/OiRiBVeuzL
  • Crude Oil Prices Aiming Higher on OPEC Surprise, Inflation Expectations - https://www.dailyfx.com/forex/fundamental/forecast/weekly/title/2021/03/06/Crude-Oil-Prices-Aiming-Higher-on-OPEC-Surprise-Inflation-Expectations.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr $CL #Crudeoil #OOTT #OPEC https://t.co/AKvXWX9DLQ
  • Given the size of the rally in the eleven months preceding the beginning of the current decline a broader sell-off looks warranted. Get your market update from @PaulRobinsonFX here: https://t.co/UxZiSulpwB https://t.co/raXvlzkGbV
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here: https://t.co/kODPAfJE79 https://t.co/lp0tmKS9WR
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here: https://t.co/rz7fqhRoMG https://t.co/3bOSIBeID9
  • Rising yields and US Dollar creates a weak environment for gold, which trades at a 9-month low. Get your market update from @JMcQueenFX here: https://t.co/lh6Qb2qxin https://t.co/MRAYe57e1A
  • RT @FxWestwater: US Dollar Fundamental Forecast: US Dollar Eyes Inflation Data After NFP Boost Link: https://www.dailyfx.com/forex/fundamental/forecast/weekly/usd/2021/03/06/US-Dollar-Fundamental-Forecast-US-Dollar-Eyes-Inflation-Data-after-NFP-Boost.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr $DXY https://…
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here: https://t.co/arxYmtQeUn https://t.co/NvEAeWkBP1
Euro Bulls Exiting, GBP/USD Negatives Rise, AUD/USD Flips Bullish - COT Report

Euro Bulls Exiting, GBP/USD Negatives Rise, AUD/USD Flips Bullish - COT Report

Justin McQueen, Analyst

US Dollar, EUR/USD, GBP/USD, COT Report –Analysis

  • Euro Bulls Head for the Exit as US Dollar Faces a Short Squeeze
  • Negative Concoction for the Pound as Positioning Moves Back to Neutral
  • Australian Dollar Flips Bullish at the Wrong Time

The Predictive Power of the COT Report

How to Read the CFTC Report

Euro Bulls Exiting, GBP/USD Negatives Rise, AUD/USD Flips Bullish - COT Report

Source: CFTC, DailyFX (Covers up to September 15th, released September 18th)

How to Use IG Client Sentiment in Your Trading
How to Use IG Client Sentiment in Your Trading
Recommended by Justin McQueen
Improve your trading with IG Client Sentiment Data
Get My Guide

Euro Bulls Exiting, GBP/USD Negatives Rise, AUD/USD Flips Bullish - COT Report

In the latest reporting week, speculators have more meaningfully reduced their US Dollar shorts, which were cut by $1.89bln against G10 currencies. As risk sentiment looks to remain fragile heading into the US election, particularly with a resurgence of COVID cases, the US Dollar may stand to gain going forward, with a reversal likely to be exacerbated by a squeeze in bearish bets.

Positioning in the Pound moved back to neutral territory after net longs were slashed by $848mln following a jump in outright shorts. As GBP faces a poisonous concoction of negative BoE rate chatter, heightened Brexit uncertainty and risks of renewed lockdown measures amid an increase in COVID cases, I am a not convinced that GBP/USD has established a floor and thus risks a deeper setback.

The Euro saw a sizeable cut in net longs of $2.5mln, however, given that positioning remains stretched, conditions appear ripe for a greater retracement in the Euro, allowing for a greater clear out of net longs. Elsewhere, the Australian Dollar flipped to net long following a $1.3bln boost, prompted by a short squeeze. That said, in light of the current backdrop, this may be the wrong time to flip bullish.

Euro Bulls Exiting, GBP/USD Negatives Rise, AUD/USD Flips Bullish - COT Report

US Dollar |

Euro Bulls Exiting, GBP/USD Negatives Rise, AUD/USD Flips Bullish - COT Report

EUR/USD |

Euro Bulls Exiting, GBP/USD Negatives Rise, AUD/USD Flips Bullish - COT ReportEuro Bulls Exiting, GBP/USD Negatives Rise, AUD/USD Flips Bullish - COT Report

GBP/USD |

Euro Bulls Exiting, GBP/USD Negatives Rise, AUD/USD Flips Bullish - COT ReportEuro Bulls Exiting, GBP/USD Negatives Rise, AUD/USD Flips Bullish - COT Report

USD/JPY |

Euro Bulls Exiting, GBP/USD Negatives Rise, AUD/USD Flips Bullish - COT ReportEuro Bulls Exiting, GBP/USD Negatives Rise, AUD/USD Flips Bullish - COT Report

USD/CHF |

Euro Bulls Exiting, GBP/USD Negatives Rise, AUD/USD Flips Bullish - COT ReportEuro Bulls Exiting, GBP/USD Negatives Rise, AUD/USD Flips Bullish - COT Report

USD/CAD |

Euro Bulls Exiting, GBP/USD Negatives Rise, AUD/USD Flips Bullish - COT ReportEuro Bulls Exiting, GBP/USD Negatives Rise, AUD/USD Flips Bullish - COT Report

AUD/USD |

Euro Bulls Exiting, GBP/USD Negatives Rise, AUD/USD Flips Bullish - COT ReportEuro Bulls Exiting, GBP/USD Negatives Rise, AUD/USD Flips Bullish - COT Report

NZD/USD |

Euro Bulls Exiting, GBP/USD Negatives Rise, AUD/USD Flips Bullish - COT ReportEuro Bulls Exiting, GBP/USD Negatives Rise, AUD/USD Flips Bullish - COT Report

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

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

DISCLOSURES