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Trader, analyst and instructor with a 6-year experience

CFTC: USD longs soared

Here are the essentials of the latest Commitments of Traders (COT) report, released on Nov. 15 by the Commodity Futures Trading Commission (CFTC) for a week ended on Nov. 12.

According to the report, large speculators increased their long US dollar bets to the highest level since the week ended September 10. The net USD long position rose from $7.5 billion as of Nov. 5 to $14.5 billion as of Nov. 12. 

 

EUR net long positions declined by 16K contracts. 

GBP net short positions increased by 7K contracts and reached the highest level since September 10. 

JPY net short positions rose by 21K contracts (highest since late September). 

AUD net short positions increased by 10K contracts. 

NZD net long positions increased insignificantly. 

CAD net short positions contracted by 1K contracts. 

 

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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