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US Greenback Shopping for Continues, GBP/USD Shorts Rise, CAD Longs Slashed – COT Report

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COT FX Table

Supply: CFTC, DailyFX (Covers as much as November 26th, Delayed Launch because of Thanksgiving Vacation)

US Greenback Shopping for Continues, GBP/USD Shorts Rise, CAD Longs Slashed – COT Report

Within the newest positioning replace from the CFTC, information confirmed that speculators had as soon as once more raised their internet lengthy publicity within the US Greenback with bullish bets rising round $1.8bln to $22.4bln in opposition to G10 currencies.

The most important weekly change had been noticed within the Canadian Greenback, which noticed one other discount in lengthy positions of $643mln amid the continued weak point in Canadian information. Consequently, positioning in CAD has continued to maneuver in the direction of impartial territory and thus additional promoting could start to ease barely.

On condition that threat urge for food had remained optimistic as US fairness markets pushed towards file highs, safe-haven currencies had been out of favour with sentiment within the JPY and CHF deteriorating additional following a $500mln enhance in internet shorts.

Elsewhere, GBP gross shorts rose by 4k tons which in flip led to a $364mln enhance in internet shorts. As such, this may increasingly clarify Sterling’s incapacity to interrupt above the 1.3000 deal with forward of the overall election. Elsewhere, the Euro noticed a slight discount in internet shorts as speculators engaged in taking on recent lengthy positions, nevertheless, the Euro stays the biggest bearish guess within the G10 advanced.

COT FX RANGE

US Greenback

USD COT POSITIONING

EUR/USD

US Dollar Buying Continues, GBP/USD Shorts Rise, CAD Longs Slashed  - COT ReportUS Dollar Buying Continues, GBP/USD Shorts Rise, CAD Longs Slashed  - COT Report

GBP/USD

US Dollar Buying Continues, GBP/USD Shorts Rise, CAD Longs Slashed  - COT ReportPlease add a description for the image.

USD/JPY

US Dollar Buying Continues, GBP/USD Shorts Rise, CAD Longs Slashed  - COT ReportUS Dollar Buying Continues, GBP/USD Shorts Rise, CAD Longs Slashed  - COT Report

USD/CHF

US Dollar Buying Continues, GBP/USD Shorts Rise, CAD Longs Slashed  - COT ReportUS Dollar Buying Continues, GBP/USD Shorts Rise, CAD Longs Slashed  - COT Report

USD/CAD

CAD COT POSITIONINGUS Dollar Buying Continues, GBP/USD Shorts Rise, CAD Longs Slashed  - COT Report

AUD/USD

US Dollar Buying Continues, GBP/USD Shorts Rise, CAD Longs Slashed  - COT ReportUS Dollar Buying Continues, GBP/USD Shorts Rise, CAD Longs Slashed  - COT Report

NZD/USD

US Dollar Buying Continues, GBP/USD Shorts Rise, CAD Longs Slashed  - COT ReportUS Dollar Buying Continues, GBP/USD Shorts Rise, CAD Longs Slashed  - COT Report

For a extra in-depth evaluation on FX, try the FX Forecast

— Written by Justin McQueen, Market Analyst

To contact Justin, electronic mail him at Justin.mcqueen@ig.com

Observe Justin on Twitter @JMcQueenFX


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