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Trader, analyst and instructor with a 6-year experience

CFTC: USD longs remain high

Here are the essentials of the latest Commitments of Traders (COT) report, released on Dec. 7 by the Commodity Futures Trading Commission (CFTC) for a week ended on Dec. 3.

According to the report, large speculators slighly decreased their US dollar net long positions from $20.4 billion on Nov. 26 to $19.9 billion on Dec. 3. US dollar bullish positions had risen the previous 5 weeks to the highest level since Sep. 10 when the US dollar bets were long at a total of $22.0 billion.

EUR net positions rose by 9.7K contracts and returned to net longs.

GBP net positions rose from almost zero by 18K contracts.

AUD net short positions increased by 11K contracts.

JPY net short positions rose by 10K contracts.

CHF net long positions were up by almost 2K contracts.

NZD net long positions contracted by 2.6K contracts.

CAD net short positions increased by 13K contracts.

 

Gold net long positions declined by 4K 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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