CoT Weekly Update: GBP/USD, AUD/USD & Other Major Markets

CoT Highlights:

  • Large specs add to British pound short position
  • Australian dollar short grows to largest since March 2015
  • Large spec profiles for other major currencies and markets

For a timelier look at sentiment in major currencies and markets, see theIG Client Sentiment page.

There were a couple of stand-out changes in currency futures contracts this past week, with large speculators adding aggressively to a relatively large short position in the British pound and building a near-record position in the Australian dollar. USD bulls also kept at it again this past week in the US Dollar Index (DXY), adding to their net-long for the 21st time out of the last 22 weeks.

Every Friday the CFTC releases a detailed report of traders’ positioning in the futures market as reported for the week ending on Tuesday. Outlined in the table below are key stats concerning the positioning of large speculators (i.e. hedge funds, CTAs, etc.). This group of traders largely employ trend-following strategies, and as such, their net long exposure typically increases in uptrends while net short positioning increases in downtrends. When analyzing the data, we take into consideration the direction of their position, magnitude of

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