Forex News
September 8, 2012 @ 12:04 am

Euro Shorts Stay Flat, Canadian Dollar Longs Continue to Rise – COT Report

The Euro shorts are holding their ground even after the recent Euro rally. Last week speculators didn’t reduce their Euro short positons, the net Euro short position currently stands at -102,000 contracts, slightly up from the previous week’s -101,000 number. However its important to note that the last day for which data is collected for the COT report is Tuesday, so any position changes from the most recent surge upward in EUR/USD for the past 2-3 days would not get into this week’s report.

The rest of the positions are not much changed either. The Japanese Yen net longs gained 2,000 to 24,000 contracts. The Aussie longs decreased from 78,000 to 62,000 and the New Zealand Dollar longs decreased from 14,000 contracts to 11,000. The Swiss net shorts increased from 11,000 to 13,000 this week. Canadian Dollar longs continue to increase, going from 61,000 contracts last week to 67,000 this week.

The British Pound net position switched from net long +2,000 to net short -7,000 this week. But again this is a very small net position compared to the rest of majors and the GBP has been switching between a small net long and a small net short position for the past few reports.

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About Fx_Livermore

Fx_Livermore has over seven years experience in forex trading. He uses a mix of technical and fundamental analysis in his trading. His posts should not be taken as trading advice/recommendation to buy/sell any currency/security.

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