Fundamental Analysis, Fundamental Analysis Forex
September 1, 2012 @ 3:25 am

Speculators Turn Net Short Dollar, Euro Shorts Decrease by 18% – COT Report

For the first time since September 6 2011, speculators have turned net short against the U.S. dollar. The total U.S. Dollar Short position stood at -441 million compared to the previous week’s +4,57 Billion on the long side. At the same time, Euro net shorts have decreased by 18%, falling from last week’s -123,932 contracts to this week’s -101,561 contracts. The Euro closed the week 66 pips higher against the U.S. dollar.

The net Long Japanese Yen position nearly doubled, going from last week’s +11,171 number to this week’s 21,556. The Yen gained 31 pips against the dollar this week, somewhat confirming the large change in sentiment.

The British Pound longs decreased to a net +1,968 position from the previous 7,833. The GBP/USD gained 46 pips this week. The Swiss Frank shorts decreased from -15,662 contracts to -11,461. USD/CHF lost 52 pips this week.

The Canadian Dollar Longs keep piling on, although at a slower pace. As of Tuesday, there were +60,936 net long CAD contracts, compared to the previous week’s number of +50,867. After a volatile week, the USD/CAD closed the week 59 pips lower from where it started.

The Australian Dollar net longs decreased by 8k, going from 86,882 to 78,072. The AUD/USD lost 102 pips this week. Its neighbor, the New Zealand Dollar, also saw its net longs cut, going from +16,372 contracts +14,229. The NZD/USD lost 75 pips this week.

It’s important to note that the last day for which data is collected for the COT report is Tuesday, but the report gets released on Friday 1-2 hours before markets close.

Related Posts Plugin for WordPress, Blogger...
, , , , , , , , ,

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.

View all posts by Fx_Livermore

No comments yet.

Leave a Reply

You must be logged in to post a comment.