Here are the essentials of the latest Commitments of Traders (COT) report, released on Friday, May 10, by the Commodity Futures Trading Commission (CFTC) for a week ended May 7.
Large speculators increased their USD net long positions for the first time in 3 weeks from $24.5 bln to $26.8 bln. As can be seen from the table below, demand for the Canadian dollar increased, while Australian dollar's popularity dropped.
It’s necessary to note that the figures cited above are always a week old at the time of their release. Never the less, CFTC data gives a good oversight into how the market is positioned and if/how these positions are being unwound. Although the CME speculators represent a small fraction of trading in the currency markets, their trades are widely seen as typical of hedge fund investors' currency movements.