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Trader, analyst and instructor with a 6-year experience

CFTC: USD longs were down

Here are the essentials of the latest Commitments of Traders (COT) report, released on Dec. 14 by the Commodity Futures Trading Commission (CFTC) for a week ended on Dec. 10.

According to the report, large speculators further decreased their US dollar net long positions from $19.9 billion on Dec. 3 to $19.1 billion on Dec. 10. US dollar bullish positions continue the downward correcion after 5 consectuve weeks of growth. 

EUR: net longs increased by 6K

GBP: net longs were a little bit down

AUD: net shorts increased by 1.5K contracts

CHF: net longs increased by 5K contracts

JPY: net shorts were a bit down from record highs, declined by 4K contracts

CAD: net short increased by 15K contracts

Gold: net longs increased

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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