Weekly CoT Update for the Euro, Japanese Yen, Gold & Other Major Contracts

CoT Highlights:

  • Large specs sell the euro and Japanese yen
  • Gold net-short continues to slowly grow
  • Large spec profiles for major FX and markets

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

Friday’s report was relatively quiet, with the USD bullish theme remaining largely intact. The week-over-week changes were relatively mixed. Large speculators pushed positioning back net-short euros and sold the Japanese yen fairly aggressively. Gold traders continue to add to net-short position, albeit it as a slow pace.

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 changes, as well as extremes.

Key stats: Net position, one-week change, and where the current position stands relative to the past 52

Article source: https://www.dailyfx.com/forex/technical/article/cot/2018/10/08/Weekly-CoT-Update-for-the-Euro-Japanese-Yen-Gold-Other-Major-Contracts-PRtech.html