FX COT Summary- August-07-2018

[Zack Zarr 5]

Another week of EUR and GBP selling. EUR shorts are their highest level over the past year.

AUD and NZD don't show significant changes but wait until the next week data, because the real change happened after Tuesday!

CAD shows some strength and now USDCAD shorts are starting to build up.

Biggest change is in the GOLD. Now we reached a historical long exposure % almost never seen before. And that is due to the largest short position EVER, by non-commercial traders. And these extreme levels do not sustain for very long. Reversal is coming.

For more information on this type of analysis check out the previous posts in the education section of the forum here, here, and there.

 

If you want to discuss further and clarify things, please send me a message to [email protected]

 

Zack