Currency Analyst since 2010

CFTC: USD longs fall for the 4th week

Here are the essentials of the latest Commitments of Traders (COT) report, released on August 16 by the Commodity Futures Trading Commission (CFTC) for a week ended on August 13.

The value of the dollar’s net long position declined from $21.62B on a week ended August 6 to $17.62B in a week ended August 13. Large speculators have been reducing long USD bets for the fourth consecutive week.

EUR. Market players were bullish on EUR for the second week, with net long contracts totaling 16K , up from 6K in the previous week.

GBP.  GBP net shorts slightly increased.

JPY. JPY net shorts declined by 6K.  

CHF. CHF has switched to net longs.

CAD. CAD net shorts kept contracting for a sixth week in a row. This time there was a small decline by 1K.

AUD. AUD net shorts contracted to the lowest level in a month.  

NZD. NZD has switched to small net longs.

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. 

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