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Trader, analyst and instructor with a 6-year experience

CFTC: USD longs contracted

Here are the essentials of the latest Commitments of Traders (COT) report, released on Dec. 20 by the Commodity Futures Trading Commission (CFTC) for a week ended on Dec. 17.

According to the report, large speculators slighly decreased their US dollar net long positions from $19.1 billion on Dec. 10 to $18.3 on Dec. 17. US dollar bullish positions continued the decline for 3 weeks in a row. 

It is necessary to note that this data was reported a day before the US Fed's December policy meeting that saw the Fed reduce QE volume. The tapering announcement boosted the demand for USD, so the next COT report will give us information needed to evaluate the market post-Fed positioning. 

EUR

GBP

JPY

AUD

NZD

CAD

CHF

GOLD

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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