FX COT Summary- August-14-2018

[Zack Zarr 5]

EUR shorts are their highest level over the past year and Large Speculators are now Net Short for the first time since May 2017.

NZD traders don't show significant changes but AUD longs increased so that the long exposure jumped 3%.

CAD keeps showing the strength in continuation of last week.

Again, Gold saw the most important change,. This is the first time in history of COT reports (at least as far as I my data goes, that is since 2007) that Large Speculators are Net short and long exposure is just below 50%.  Another important factor is the Commercials long exposure which has been capped to 49% for as far as the data goes. Note that the data comes from the end of Tuesday and the reversal might have already started judging by the price action since Thursday.

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