Weekly CoT Update for USD, Euro, Crude Oil & More

CoT Highlights:

  • USD bullish bets mixed, Euro net-short keeps growing
  • Crude oil large specs continue hitting bids amid sharp decline
  • Large speculator profile updates for other major currencies/markets

See the IG Client Sentiment pagefor a timelier look at sentiment in major currencies and markets.

Friday’s CoT report showed a mixed bag with regards to Dollar bullish bets. There were reductions versus the Canadian Dollar, Japanese Yen, New Zealand Dollar, and Australian Dollar, while more buying took place in the DXY index and against the Euro, Pound, and Swiss Franc. Amidst crude oil’s precipitous decline large speculators continue to hit bids at an aggressive but not ‘panicky’ pace; big trend support coming up.

On Fridays 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.), excluding small speculators and commercial traders.

‘Large specs’ are known to typically employ trend-following strategies, and as such, they tend to add to long positions and reduce shorts in uptrends while reducing long positions and

Article source: https://www.dailyfx.com/forex/technical/article/cot/2018/11/12/Weekly-CoT-Update-for-USD-Euro-Crude-Oil-More-PRtech.html