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CFTC: USD bets turned long again

Here are the essentials of the latest Commitments of Traders (COT) report, released on Nov. 8 by the Commodity Futures Trading Commission (CFTC) for a week ended on Nov. 5.

According to the report, large speculators returned to long positions on the US dollar after four straight weeks of bearish positions. The net USD long position equaled to $7 billion as of Nov. 5. This was a weekly change of $10 billion from the net short position of 3 billion as of Oct. 29. 


EUR net long positions decreased by about 37K contracts. 


GBP positions turned into small shorts. 


AUD net shorts increased by 2K contracts. 


JPY net short positions increased to 74K contracts.


CAD net short positions increased by 3K contracts. 


NZD net longs contracted by 1K contract. 

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.

Charts: OANDA, Countingpips 


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