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Trader, analyst and instructor with a 6-year experience

CFTC: USD longs at a 2-month high

Here are the essentials of the latest Commitments of Traders (COT) report, released on Nov. 22 by the Commodity Futures Trading Commission (CFTC) for a week ended on Nov. 19.

According to the report, large speculators increased their long US dollar bets to the highest level in two months. The net USD long position rose from $14.5 billion as of Nov. 12. to $17.1 billion as of Nov. 12. This is the new highest level since Sep. 10 when the US dollar bets were long at a total of $22 billion.

 

 

EUR net longs contracted by 8K contracts.

 

GBP net shorts fell by 8K contracts.

 

JPY net shorts soared by 17K contracts.

 

AUD net shorts remained almost unchanged. 

 

NZD net longs increased by 2K contracts.

 

CAD net shorts remained almost unchanged. 

 

CHF net longs were a little bit up. 

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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