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Currency Speculators drop their British Pound bets for 9th week to 30-week low

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).

The latest COT data is updated through Tuesday October 24th and shows a quick view of how large market participants (for-profit speculators and commercial traders) were positioned in the futures markets. All currency positions are in direct relation to the US dollar where, for example, a bet for the euro is a bet that the euro will rise versus the dollar while a bet against the euro will be a bet that the euro will decline versus the dollar.

Weekly Speculator Changes led by US Dollar Index & Japanese Yen

The COT currency market speculator bets were slightly lower this week as five out of the eleven currency markets we cover had higher positioning while the other six markets had lower speculator contracts.

Leading the gains for the currency markets was the Japanese Yen (3,029 contracts) with the EuroFX (2,843 contracts), the Swiss Franc (1,983 contracts), the Brazilian Real (1,689 contracts) and the US Dollar Index (504 contracts) also showing positive weeks.

The currencies seeing declines in speculator bets on the week were the British Pound (-7,427 contracts), the New Zealand Dollar (-6,952 contracts), the Mexican Peso (-6,444 contracts), the Australian Dollar (-2,342 contracts), Bitcoin (-781 contracts) and the Canadian Dollar (-100 contracts) also registering lower bets on the week.

Speculators drop their British Pound bets for 9th week to 30-week low

Highlighting the COT currency’s data is the sliding trend in the speculator’s positioning of the British Pound Sterling. Large speculative Sterling positions fell this week by over -7,400 contracts and have now declined for nine consecutive weeks. The Sterling speculative level has dropped by a total of -77,743 contracts over these past nine weeks to the lowest level of the past 30-weeks, dating back to March 28th.

Relatively recently, the bullish bets for the Sterling (+63,729 contracts on July 18th) had risen to the highest level since July 31st of 2007, a span of almost exactly sixteen years. This marked the highest level for this year’s bullish bets but the speculator positions did a u-turn and have now fallen in twelve out of the fourteen weeks since then.

Hurting the pound’s outlook has been a weak economic landscape and the expectation that the Bank of England could be done with raising interest rates. The BOE, this year, has boosted the bank’s interest rate to the highest level since 2008 at 5.25 percent to fight high inflation (which has eased to 6.7 percent).

The Pound Sterling exchange rate against the US Dollar has been in a downtrend since hitting a high over the 1.3000 level in the middle of July. Since that 2023 summer ascension, the Sterling has been dropping sharply, falling through the 1.2500 exchange rate and is currently testing support in the 1.2050-1.2100 range.

Data Snapshot of Forex Market Traders | Columns Legend

Oct-24-2023	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
USD Index	42,670	42	19,671	58	-20,531	43	860	16
EUR	702,668	39	85,253	57	-107,996	49	22,743	15
GBP	233,259	57	-18,636	43	27,337	61	-8,701	41
JPY	260,909	82	-99,629	11	104,809	87	-5,180	43
CHF	59,266	92	-15,095	15	27,136	89	-12,041	18
CAD	184,747	49	-48,639	9	53,600	93	-4,961	12
AUD	194,666	54	-83,081	13	98,853	92	-15,772	14
NZD	57,243	74	-12,851	22	16,051	81	-3,200	12
MXN	194,530	35	37,861	62	-40,188	37	2,327	26
RUB	20,930	4	7,543	31	-7,150	69	-393	24
BRL	51,454	41	5,185	42	-6,903	56	1,718	50
Bitcoin	19,678	100	-454	60	-438	0	892	33

Strength Scores led by Mexican Peso & Bitcoin

COT Strength Scores (a normalized measure of Speculator positions over a 3-Year range, from 0 to 100 where above 80 is Extreme-Bullish and below 20 is Extreme-Bearish) showed that the Mexican Peso (62 percent) and the Bitcoin (60 percent) lead the currency markets this week. The US Dollar Index (58 percent), EuroFX (57 percent) and the British Pound (43 percent) came in as the next highest in the weekly strength scores.

On the downside, the Canadian Dollar (9 percent), the Japanese Yen (11 percent), the Australian Dollar (13 percent) and the Swiss Franc (15 percent) come in at the lowest strength levels currently and are in Extreme-Bearish territory (below 20 percent).

Strength Statistics:
US Dollar Index (57.7 percent) vs US Dollar Index previous week (56.9 percent)
EuroFX (56.6 percent) vs EuroFX previous week (55.4 percent)
British Pound Sterling (42.8 percent) vs British Pound Sterling previous week (48.0 percent)
Japanese Yen (10.9 percent) vs Japanese Yen previous week (9.1 percent)
Swiss Franc (15.2 percent) vs Swiss Franc previous week (9.8 percent)
Canadian Dollar (9.2 percent) vs Canadian Dollar previous week (9.3 percent)
Australian Dollar (12.7 percent) vs Australian Dollar previous week (14.8 percent)
New Zealand Dollar (21.9 percent) vs New Zealand Dollar previous week (40.0 percent)
Mexican Peso (62.2 percent) vs Mexican Peso previous week (66.2 percent)
Brazilian Real (42.4 percent) vs Brazilian Real previous week (40.2 percent)
Bitcoin (59.6 percent) vs Bitcoin previous week (71.3 percent)

US Dollar Index & New Zealand Dollar top the 6-Week Strength Trends

COT Strength Score Trends (or move index, calculates the 6-week changes in strength scores) showed that the US Dollar Index (23 percent) and the New Zealand Dollar (5 percent) lead the past six weeks trends for the currencies. The Japanese Yen (-1 percent), the Australian Dollar (-3 percent) and the Canadian Dollar (-6 percent) are the next highest positive movers in the latest trends data.

The British Pound (-45 percent) leads the downside trend scores currently with the Bitcoin (-40 percent), Mexican Peso (-18 percent) and the Swiss Franc (-16 percent) following next with lower trend scores.

Strength Trend Statistics:
US Dollar Index (22.7 percent) vs US Dollar Index previous week (26.4 percent)
EuroFX (-11.9 percent) vs EuroFX previous week (-22.9 percent)
British Pound Sterling (-45.0 percent) vs British Pound Sterling previous week (-40.0 percent)
Japanese Yen (-0.5 percent) vs Japanese Yen previous week (-3.3 percent)
Swiss Franc (-15.8 percent) vs Swiss Franc previous week (-32.2 percent)
Canadian Dollar (-6.3 percent) vs Canadian Dollar previous week (-22.0 percent)
Australian Dollar (-3.2 percent) vs Australian Dollar previous week (2.6 percent)
New Zealand Dollar (4.6 percent) vs New Zealand Dollar previous week (21.1 percent)
Mexican Peso (-17.7 percent) vs Mexican Peso previous week (-14.2 percent)
Brazilian Real (-10.2 percent) vs Brazilian Real previous week (-13.3 percent)
Bitcoin (-40.4 percent) vs Bitcoin previous week (-25.8 percent)

Individual COT Forex Markets:

US Dollar Index Futures:

The US Dollar Index large speculator standing this week came in at a net position of 19,671 contracts in the data reported through Tuesday. This was a weekly advance of 504 contracts from the previous week which had a total of 19,167 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 57.7 percent. The commercials are Bearish with a score of 43.2 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 15.9 percent.

Price Trend-Following Model: Strong Uptrend

Our weekly trend-following model classifies the current market price position as: Strong Uptrend. The current action for the model is considered to be: Hold – Maintain Long Position.

US DOLLAR INDEX Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	65.9	21.7	9.9
– Percent of Open Interest Shorts:	19.8	69.8	7.9
– Net Position:	19,671	-20,531	860
– Gross Longs:	28,130	9,255	4,240
– Gross Shorts:	8,459	29,786	3,380
– Long to Short Ratio:	3.3 to 1	0.3 to 1	1.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	57.7	43.2	15.9
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	22.7	-20.3	-9.9

Euro Currency Futures:

The Euro Currency large speculator standing this week came in at a net position of 85,253 contracts in the data reported through Tuesday. This was a weekly increase of 2,843 contracts from the previous week which had a total of 82,410 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 56.6 percent. The commercials are Bearish with a score of 48.8 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 15.3 percent.

Price Trend-Following Model: Strong Downtrend

Our weekly trend-following model classifies the current market price position as: Strong Downtrend. The current action for the model is considered to be: Hold – Maintain Short Position.

EURO Currency Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	30.7	56.4	11.4
– Percent of Open Interest Shorts:	18.5	71.8	8.2
– Net Position:	85,253	-107,996	22,743
– Gross Longs:	215,569	396,435	80,233
– Gross Shorts:	130,316	504,431	57,490
– Long to Short Ratio:	1.7 to 1	0.8 to 1	1.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	56.6	48.8	15.3
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-11.9	15.7	-22.6

British Pound Sterling Futures:

The British Pound Sterling large speculator standing this week came in at a net position of -18,636 contracts in the data reported through Tuesday. This was a weekly decline of -7,427 contracts from the previous week which had a total of -11,209 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 42.8 percent. The commercials are Bullish with a score of 61.0 percent and the small traders (not shown in chart) are Bearish with a score of 41.0 percent.

Price Trend-Following Model: Strong Downtrend

Our weekly trend-following model classifies the current market price position as: Strong Downtrend. The current action for the model is considered to be: Hold – Maintain Short Position.

BRITISH POUND Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	28.8	56.9	11.4
– Percent of Open Interest Shorts:	36.8	45.2	15.1
– Net Position:	-18,636	27,337	-8,701
– Gross Longs:	67,119	132,744	26,540
– Gross Shorts:	85,755	105,407	35,241
– Long to Short Ratio:	0.8 to 1	1.3 to 1	0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	42.8	61.0	41.0
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-45.0	43.9	-26.9

Japanese Yen Futures:

The Japanese Yen large speculator standing this week came in at a net position of -99,629 contracts in the data reported through Tuesday. This was a weekly gain of 3,029 contracts from the previous week which had a total of -102,658 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 10.9 percent. The commercials are Bullish-Extreme with a score of 86.8 percent and the small traders (not shown in chart) are Bearish with a score of 42.9 percent.

Price Trend-Following Model: Downtrend

Our weekly trend-following model classifies the current market price position as: Downtrend. The current action for the model is considered to be: Hold – Maintain Short Position.

JAPANESE YEN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	11.9	71.4	14.3
– Percent of Open Interest Shorts:	50.1	31.3	16.3
– Net Position:	-99,629	104,809	-5,180
– Gross Longs:	30,964	186,381	37,435
– Gross Shorts:	130,593	81,572	42,615
– Long to Short Ratio:	0.2 to 1	2.3 to 1	0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	10.9	86.8	42.9
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-0.5	-0.9	5.6

Swiss Franc Futures:

The Swiss Franc large speculator standing this week came in at a net position of -15,095 contracts in the data reported through Tuesday. This was a weekly gain of 1,983 contracts from the previous week which had a total of -17,078 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 15.2 percent. The commercials are Bullish-Extreme with a score of 88.7 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 17.8 percent.

Price Trend-Following Model: Strong Downtrend

Our weekly trend-following model classifies the current market price position as: Strong Downtrend. The current action for the model is considered to be: Hold – Maintain Short Position.

SWISS FRANC Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	16.5	67.0	16.4
– Percent of Open Interest Shorts:	42.0	21.2	36.7
– Net Position:	-15,095	27,136	-12,041
– Gross Longs:	9,807	39,724	9,692
– Gross Shorts:	24,902	12,588	21,733
– Long to Short Ratio:	0.4 to 1	3.2 to 1	0.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	15.2	88.7	17.8
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-15.8	26.8	-32.5

Canadian Dollar Futures:

The Canadian Dollar large speculator standing this week came in at a net position of -48,639 contracts in the data reported through Tuesday. This was a weekly lowering of -100 contracts from the previous week which had a total of -48,539 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 9.2 percent. The commercials are Bullish-Extreme with a score of 92.6 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 11.8 percent.

Price Trend-Following Model: Strong Downtrend

Our weekly trend-following model classifies the current market price position as: Strong Downtrend. The current action for the model is considered to be: Hold – Maintain Short Position.

CANADIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	12.1	68.8	17.2
– Percent of Open Interest Shorts:	38.4	39.8	19.9
– Net Position:	-48,639	53,600	-4,961
– Gross Longs:	22,326	127,101	31,815
– Gross Shorts:	70,965	73,501	36,776
– Long to Short Ratio:	0.3 to 1	1.7 to 1	0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	9.2	92.6	11.8
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-6.3	2.9	5.4

Australian Dollar Futures:

The Australian Dollar large speculator standing this week came in at a net position of -83,081 contracts in the data reported through Tuesday. This was a weekly fall of -2,342 contracts from the previous week which had a total of -80,739 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 12.7 percent. The commercials are Bullish-Extreme with a score of 91.6 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 14.0 percent.

Price Trend-Following Model: Downtrend

Our weekly trend-following model classifies the current market price position as: Downtrend. The current action for the model is considered to be: Hold – Maintain Short Position.

AUSTRALIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	14.4	73.3	9.6
– Percent of Open Interest Shorts:	57.1	22.6	17.7
– Net Position:	-83,081	98,853	-15,772
– Gross Longs:	28,018	142,753	18,606
– Gross Shorts:	111,099	43,900	34,378
– Long to Short Ratio:	0.3 to 1	3.3 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	12.7	91.6	14.0
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-3.2	2.9	-0.8

New Zealand Dollar Futures:

The New Zealand Dollar large speculator standing this week came in at a net position of -12,851 contracts in the data reported through Tuesday. This was a weekly lowering of -6,952 contracts from the previous week which had a total of -5,899 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 21.9 percent. The commercials are Bullish-Extreme with a score of 81.3 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 11.9 percent.

Price Trend-Following Model: Strong Downtrend

Our weekly trend-following model classifies the current market price position as: Strong Downtrend. The current action for the model is considered to be: Hold – Maintain Short Position.

NEW ZEALAND DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	23.5	69.4	5.1
– Percent of Open Interest Shorts:	45.9	41.3	10.7
– Net Position:	-12,851	16,051	-3,200
– Gross Longs:	13,448	39,718	2,942
– Gross Shorts:	26,299	23,667	6,142
– Long to Short Ratio:	0.5 to 1	1.7 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	21.9	81.3	11.9
– Strength Index Reading (3 Year Range):	Bearish	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	4.6	-2.7	-6.7

Mexican Peso Futures:

The Mexican Peso large speculator standing this week came in at a net position of 37,861 contracts in the data reported through Tuesday. This was a weekly lowering of -6,444 contracts from the previous week which had a total of 44,305 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 62.2 percent. The commercials are Bearish with a score of 37.4 percent and the small traders (not shown in chart) are Bearish with a score of 26.0 percent.

Price Trend-Following Model: Strong Downtrend

Our weekly trend-following model classifies the current market price position as: Strong Downtrend. The current action for the model is considered to be: Hold – Maintain Short Position.

MEXICAN PESO Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	28.0	68.4	3.0
– Percent of Open Interest Shorts:	8.5	89.1	1.8
– Net Position:	37,861	-40,188	2,327
– Gross Longs:	54,446	133,105	5,771
– Gross Shorts:	16,585	173,293	3,444
– Long to Short Ratio:	3.3 to 1	0.8 to 1	1.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	62.2	37.4	26.0
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-17.7	18.6	-14.6

Brazilian Real Futures:

The Brazilian Real large speculator standing this week came in at a net position of 5,185 contracts in the data reported through Tuesday. This was a weekly boost of 1,689 contracts from the previous week which had a total of 3,496 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 42.4 percent. The commercials are Bullish with a score of 56.2 percent and the small traders (not shown in chart) are Bullish with a score of 50.4 percent.

Price Trend-Following Model: Downtrend

Our weekly trend-following model classifies the current market price position as: Downtrend. The current action for the model is considered to be: Hold – Maintain Short Position.

BRAZIL REAL Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	39.3	52.4	6.8
– Percent of Open Interest Shorts:	29.2	65.8	3.5
– Net Position:	5,185	-6,903	1,718
– Gross Longs:	20,203	26,973	3,505
– Gross Shorts:	15,018	33,876	1,787
– Long to Short Ratio:	1.3 to 1	0.8 to 1	2.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	42.4	56.2	50.4
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-10.2	10.2	-2.5

Bitcoin Futures:

The Bitcoin large speculator standing this week came in at a net position of -454 contracts in the data reported through Tuesday. This was a weekly decline of -781 contracts from the previous week which had a total of 327 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 59.6 percent. The commercials are Bullish with a score of 57.3 percent and the small traders (not shown in chart) are Bearish with a score of 33.2 percent.

Price Trend-Following Model: Weak Downtrend (Possible Trend Change)

Our weekly trend-following model classifies the current market price position as: Weak Downtrend. The current action for the model is considered to be: Hold – Maintain Short Position.

BITCOIN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	75.3	3.3	8.2
– Percent of Open Interest Shorts:	77.6	5.5	3.7
– Net Position:	-454	-438	892
– Gross Longs:	14,814	641	1,617
– Gross Shorts:	15,268	1,079	725
– Long to Short Ratio:	1.0 to 1	0.6 to 1	2.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	59.6	57.3	33.2
– Strength Index Reading (3 Year Range):	Bullish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-40.4	57.3	13.2

Article By InvestMacro – Receive our weekly COT Reports by Email

*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) were positioned in the futures markets.

The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators) as well as their open interest (contracts open in the market at time of reporting).See CFTC criteria here.

All information and opinions on this website and contained in this article are for general informational purposes only and do not constitute investment advice.

29 Oct

Speculator Extremes: VIX, Cocoa, DowJones & 2-Year lead Bullish & Bearish Positions

The latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on October 24th.

This weekly Extreme Positions report highlights the Most Bullish and Most Bearish Positions for the speculator category. Extreme positioning in these markets can foreshadow strong moves in the underlying market.

To signify an extreme position, we use the Strength Index (also known as the COT Index) of each instrument, a common method of measuring COT data. The Strength Index is simply a comparison of current trader positions against the range of positions over the previous 3 years. We use over 80 percent as extremely bullish and under 20 percent as extremely bearish. (Compare Strength Index scores across all markets in the data table or cot leaders table)

Here Are This Week’s Most Bullish Speculator Positions:

VIX

The VIX speculator position comes in as the most bullish extreme standing this week. The VIX speculator level is currently at a 95.3 percent score of its 3-year range.

The six-week trend for the percent strength score totaled 11.9 this week. The overall net speculator position was a total of -21,594 net contracts this week with a change of 1,351 contract in the weekly speculator bets.

Speculators or Non-Commercials Notes:

Speculators, classified as non-commercial traders by the CFTC, are made up of large commodity funds, hedge funds and other significant for-profit participants. The Specs are generally regarded as trend-followers in their behavior towards price action – net speculator bets and prices tend to go in the same directions. These traders often look to buy when prices are rising and sell when prices are falling. To illustrate this point, many times speculator contracts can be found at their most extremes (bullish or bearish) when prices are also close to their highest or lowest levels.

These extreme levels can be dangerous for the large speculators as the trade is most crowded, there is less trading ammunition still sitting on the sidelines to push the trend further and prices have moved a significant distance. When the trend becomes exhausted, some speculators take profits while others look to also exit positions when prices fail to continue in the same direction. This process usually plays out over many months to years and can ultimately create a reverse effect where prices start to fall and speculators start a process of selling when prices are falling.

Cocoa Futures

The Cocoa Futures speculator position comes next in the extreme standings this week. The Cocoa Futures speculator level is now at a 88.5 percent score of its 3-year range.

The six-week trend for the percent strength score was -10.8 this week. The speculator position registered 77,020 net contracts this week with a weekly change of 5,528 contracts in speculator bets.

3-Month Secured Overnight Financing Rate

The 3-Month Secured Overnight Financing Rate speculator position comes in third this week in the extreme standings. The 3-Month Secured Overnight Financing Rate speculator level resides at a 87.1 percent score of its 3-year range.

The six-week trend for the speculator strength score came in at -2.0 this week. The overall speculator position was 283,813 net contracts this week with a change of 62,572 contracts in the weekly speculator bets.

Bloomberg Commodity Index

The Bloomberg Commodity Index speculator position comes up number four in the extreme standings this week. The Bloomberg Commodity Index speculator level is at a 85.4 percent score of its 3-year range.

The six-week trend for the speculator strength score totaled a change of 4.1 this week. The overall speculator position was -5,353 net contracts this week with a change of 55 contracts in the speculator bets.

Heating Oil

The Heating Oil speculator position rounds out the top five in this week’s bullish extreme standings. The Heating Oil speculator level sits at a 80.8 percent score of its 3-year range. The six-week trend for the speculator strength score was -8.7 this week.

The speculator position was 31,988 net contracts this week with a change of -3,195 contracts in the weekly speculator bets.

This Week’s Most Bearish Speculator Positions:

DowJones Mini

The DowJones Mini speculator position comes in as the most bearish extreme standing this week. The DowJones Mini speculator level is at a 0.0 percent score of its 3-year range.

The six-week trend for the speculator strength score was -51.1 this week. The overall speculator position was -35,960 net contracts this week with a change of -749 contracts in the speculator bets.

2-Year Bond

The 2-Year Bond speculator position comes in next for the most bearish extreme standing on the week. The 2-Year Bond speculator level is at a 0.0 percent score of its 3-year range.

The six-week trend for the speculator strength score was -12.2 this week. The speculator position was -1,424,312 net contracts this week with a change of -69,613 contracts in the weekly speculator bets.

Ultra 10-Year U.S. T-Note

The Ultra 10-Year U.S. T-Note speculator position comes in as third most bearish extreme standing of the week. The Ultra 10-Year U.S. T-Note speculator level resides at a 0.7 percent score of its 3-year range.

The six-week trend for the speculator strength score was -19.6 this week. The overall speculator position was -249,869 net contracts this week with a change of -8,704 contracts in the speculator bets.

Palladium

The Palladium speculator position comes in as this week’s fourth most bearish extreme standing. The Palladium speculator level is at a 1.7 percent score of its 3-year range.

The six-week trend for the speculator strength score was -3.5 this week. The speculator position was -11,240 net contracts this week with a change of 255 contracts in the weekly speculator bets.

Soybeans

Finally, the Soybeans speculator position comes in as the fifth most bearish extreme standing for this week. The Soybeans speculator level is at a 5.4 percent score of its 3-year range.

The six-week trend for the speculator strength score was -18.8 this week. The speculator position was 36,454 net contracts this week with a change of 9,349 contracts in the weekly speculator bets.

Article By InvestMacro – Receive our weekly COT Reports by Email

All information and opinions on this website and contained in this article are for general informational purposes only and do not constitute investment advice.

COT Updates Forex and Currency News Opinions

26 Oct

Murrey Math Lines 26.10.2023 (USDCHF, XAUUSD)

By RoboForex.com

USDCHF, “US Dollar vs Swiss Franc”

USDCHF quotes are below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI is approaching the resistance line. In this case, a downward breakout of the 3/8 (0.8977) level is expected, followed by a decline to the support at 1/8 (0.8850). The scenario can be cancelled by rising above 4/8 (0.9033), which could lead to a trend reversal and growth to the resistance at 5/8 (0.9094).

On M15, an additional signal confirming the decline could be a breakout of the lower boundary of the VoltyChannel.

XAUUSD, “Gold vs US Dollar”

Gold quotes and the RSI are nearing their overbought areas on H4. In this situation, a test of 8/8 (2000.00) is expected, followed by a rebound from it and a decline to the support at 6/8 (1937.50). The scenario can be cancelled by rising above 8/8 (2000.00). In this case, the price might reach the resistance at +1/8 (2031.25).

On M15, a breakout of the lower boundary of the VoltyChannel could increase the probability of a price decline.

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Financial News Forex and Currency News

24 Oct

Murrey Math Lines 24.10.2023 (AUDUSD, NZDUSD)

By RoboForex.com

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD quotes are below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI is nearing the resistance line. In this situation, a test of 5/8 (0.6378) is expected, followed by a rebound from this level and a decline to the support at 2/8 (0.6286). The scenario can be cancelled by rising above the 5/8 (0.6378) level. In this case, the pair could reach the resistance at 6/8 (0.6408).

On M15, after a rebound from 5/8 (0.6378), a further price decline could be additionally supported by a breakout of the lower boundary of the VoltyChannel.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD quotes are in the oversold area on H4. The RSI has broken the resistance line. In this situation, the quotes could rise above the 0/8 (0.5859) level, subsequently reaching the resistance level of 2/8 (0.5920). The scenario can be cancelled by a downward breakout of -1/8 (0.5828). In this case, the pair might drop to the support at -2/8 (0.5798).

On M15, the upper boundary of the VoltyChannel is broken. This increases the probability of a further price rise.

Article By RoboForex.com

Financial News Forex and Currency News

13 Oct

Technical Analysis & Forecast 13.10.2023

By RoboForex.com

EURUSD, “Euro vs US Dollar”

EURUSD has completed a wave of growth to 1.0638. The market has formed a consolidation range under this level and, escaping it downwards, continues developing the declining wave to 1.0470. After the price hits this level, a link of growth to 1.0550 is not excluded (with a test from below), followed by a decline to 1.0424.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has completed a wave of growth to 1.2337. By now, the market has formed a consolidation range under this level. Breaking the range downwards, the market completed a declining wave to 1.2171. A link of correction to 1.2222 is not excluded (with a test from below), followed by a decline to 1.2121. This is a local target.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has completed a wave of growth to 149.81. A link of decline to 149.00 is expected (with a test from above). Next, a link of growth to 150.75 might follow.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has completed a wave of decline to 0.8989. By now, the market has formed a consolidation range above this level and is forming a growing impulse to 0.9122, escaping the range upwards. This is the first target.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has completed a rising link to 0.6444. Practically, the market demonstrates the wave of growth as complete. By now, a consolidation range has formed under 0.6444 and, escaping it downwards, the market develops an impulse of decline to 0.6262. This is a local target.

BRENT

Brent continues forming a consolidation range around 86.00. A link of decline to 84.00 is not excluded, followed by a rising link to 89.00. This is the first target.

XAUUSD, “Gold vs US Dollar”

Gold has completed a wave of growth to 1884.80. Today the market has performed a declining impulse to 1867.00 and a rising link to 1876.55. Practically, a consolidation range has formed which the price might later break downwards to 1847.77. This is the first target.

S&P 500

The stock index is forming a declining impulse to 4310.0. Next, the quotes might rise to 4355.0 (with a test from below). Next, a new wave of decline to 4200.0 might begin. This is a local target.

Article By RoboForex.com

Financial News Forex and Currency News

13 Oct

Week Ahead: Looming “death cross” teases GBPUSD bears

By ForexTime

GBPUSD set to be driven by technical and fundamental forces
Keep eye on UK CPI report, US data dump and Fed speeches
Looming “death cross” formation points to further declines
GBPUSD remains bearish despite recent bounce
Key levels of interest found at 1.2310 and 1.2050

The combination of geopolitical risk and Fed rate expectations injected markets with explosive levels of volatility this week. We could see more action later today due to earnings announcements by Wall Street banks.

And even before things settle down, volatility is likely to intensify in the week ahead thanks to top-tier economic reports and speeches from policymakers among other key risk events:

Monday, October 16

CNH: China medium-term lending facility rate
JPY: Japan industrial production
GBP: BOE chief economist Huw Pill speech
USD: US Empire Manufacturing index, Philadelphia Fed President Patrick Harker speech

Tuesday, October 17

CAD: Canada housing starts, CPI
EUR: Germany ZEW survey expectations
GBP: UK jobless claims, unemployment
USD: US retail sales, industrial production, New York Fed President John Williams, Richmond Fed President Tom Barkin speech
SPX500_m: Goldman Sachs, Bank of America earnings

Wednesday, October 18

CNH: China GDP, retail sales, industrial production
EUR: Eurozone CPI
GBP: UK September CPI
USD: US housing starts, Philadelphia Fed President Patrick Harker, New York Fed President John Williams speech
NQ100_m: Netflix, Tesla earnings

Thursday, October 19

CNH: China property prices
AUD: Australia unemployment
JPY: Japan trade
USD: US initial jobless claims, existing home sales,
USD: Fed speak – Federal Reserve Chair Jerome Powell, Chicago Fed President Austan Goolsbee, Atlantia Fed President Raphael Bostic, Philadelphia Fed President Patrick Harker, Dallas Fed President Lorie Logan

Friday, October 20

CAD: Canada retail sales
CNH: China loan prime rates
NZD: New Zealand trade
JPY: Japan CPI
USD: Philadelphia Fed President Patrick Harker speech

Our focus falls on the GBPUSD which is forming a “death cross” pattern on the daily timeframe.

A death cross happens when an asset’s 50-day simple moving average (SMA) moves below its 200-day SMA. This technical pattern is widely viewed as a signal that prices may continue to fall further in the medium to longer term.

After initially kicking off the week on a positive note amid a weaker dollar, the GBPUSD tumbled aggressively on Thursday thanks to the stronger-than-expected US inflation figures. With the dollar drawing strength from renewed Fed hike bets, the GBPUSD could resume its downtrend.

Here are 3 reasons why GBPUSD could be gearing up for a major move:

UK September Consumer Price Index (CPI)

The latest UK inflation data published on Wednesday, 18th October is likely to influence expectations around the BoE’s next move. Before this key report, the UK will release its latest batch of labour market data on Tuesday, October 17th. Any further signs of the UK jobs market’s cooling may support the argument around the BoE keeping rates on hold for the rest of 2023.

Markets are forecasting:

CPI year-on-year (September 2023 vs. September 2022) to cool 6.5% from 6.7% in the prior month.
Core CPI year-on-year to cool 6.5% from 6.7% seen in August.
CPI month-on-month (September 2023 vs August 2023) to rise 0.5% from 0.3% in the prior month.

As of writing, traders are pricing in a 45% probability of a 25 basis point BoE hike by the end of 2023.

Signs of still stubborn inflation may boost bets around the BoE hiking rates one more time before the end of 2023, pushing the GBPUSD towards 1.2310.
Should September’s CPI report show signs of cooling inflationary pressures, this could fuel hopes around the BoE keeping rates on hold – dragging the GBPUSD lower as a result.

US data dump + Fed speeches

Dollar volatility could be the name of the game next week due to key US economic data and speeches by a host of Fed officials. After receiving a boost from stronger-than-expected US inflation data, dollar bulls could switch into higher gear if the incoming economic releases support the case for another Fed hike in 2023.

The US Empire manufacturing will be in focus on Monday, with key US retail sales and industrial production figures published on Tuesday and US initial jobless claims on Thursday. These reports will be complemented by speeches from various Fed officials including Fed chair Jerome Powell.

If US economic data misses expectations and Fed officials reiterate their dovish remarks, this could hit the dollar as bets rise over the Fed pausing hikes for the rest of 2023.
A strong set of economic releases may fuel speculation around the Fed raising rates one more time this year. This may boost the dollar, pulling the GBPUSD lower as a result.

Bearish technical force: Death cross pending

The GBPUSD remains under pressure on the daily charts with the looming “death cross” formation signalling a steeper decline down the road. Although the currency pair experienced a technical bounce from seven-month lows, prices are still trading below the 50, 100, and 200-day SMA while the MACD trades to the downside.

Sustained weakness below 1.2310 may keep bears control with the downside momentum opening a path towards 1.2050. A breakdown below this point could trigger a selloff towards 1.1920.
Should prices push back above 1.2310, could see prices test 1.2430 – where the 200-day SMA resides.

Article by ForexTime

ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC 185/12 www.forextime.com

Forex and Currency News Opinions

12 Oct

Mid-Week Technical Outlook: G10 currencies

By ForexTime

Dollar steady ahead of FOMC minutes
EURUSD approaches key resistance
GBPUSD bulls back in town?
USDJPY trapped within wide range
USDCAD set to challenge 50-day SMA?

A tense atmosphere gripped financial markets on Wednesday amid mounting geopolitical tensions and incoming US economic data.

Although global equities rose in the previous session on dovish remarks from Fed officials, the overall uncertainty and growing caution may limit upside gains. In the commodity space, oil prices slipped after an early-week surge while gold widened the gap – rising over 0.7% as Treasury yields retreated.

Looking at currencies, the dollar remains relatively stable despite dovish Fed remarks – gaining against most G10 currencies ahead of the FOMC meeting minutes this evening.

The USD Index is wobbling above 105.80 as of writing but could see some more action in the second half of the week, especially with the U.S. inflation data scheduled for release on Thursday.

Given the chaotic cocktail of themes influencing markets, this may present some opportunities across the FX space. Here are a couple of trading setups we are keeping an eye on:

EURUSD approaches key resistance

Euro bulls could make a comeback after prices secured a daily close above the 1.0600 level. Although prices are trading below the 50, 100, and 200-day SMA, the bearish trend may be threatened if a solid breakout above 1.0650 is achieved. This may open a path higher toward the 50-day SMA at 1.0750 and 1.0820 – where the 200-day SMA resides. Should prices keep below 1.0600, this could trigger a decline back towards 1.0500.

GBPUSD bulls back in town?

The GBPUSD may be in the process of a trend reversal after closing above the 1.2275 level. Bulls seem to be gaining momentum on the daily timeframe observed by the six consecutive positive daily candlesticks. Should prices push beyond the 1.2275 level, this could open the doors towards 1.2340 and 1.2540, respectively. A decline back below 1.2275 could see prices slip towards 1.2160.

USDJPY trapped within range

After the aggressive reaction to the 150.00 level earlier this month, the USDJPY remains trapped within a wide range with support at 147.50 and resistance at 150.00. The currency pair remains pulled and tugged by various fundamental forces while the technicals suggest that a breakout could be on the horizon. Should prices slip below 148.40, this may trigger a selloff towards 147.50 and 146.70 – where the 50-day SMA resides. Alternatively, a strong break above 149.30 could see prices re-challenge 150.00.

USDCAD set to challenge 50-day SMA?

The USDCAD has found some support at 1.3570 after falling for four consecutive days. Bears seem to be back in the picture and could switch into a higher gear if a solid breakdown below 1.3570 is achieved. This could result in a decline towards the 50-day SMA at 1.3540 and 1.3450 – a level just below the 200-day SMA can be found. If bulls can push prices back above 1.3640, the first checkpoint can be found at 1.3690 before a possible move back towards 1.3750.

Article by ForexTime

ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC 185/12 www.forextime.com

Forex and Currency News Opinions

10 Oct

EUR/USD Faces Downward Pressure Amid Rising Geopolitical Tensions

By RoboForex Analytical Department

The principal currency pair, EUR/USD, is experiencing a decline as the week commences, predominantly driven by heightened risk aversion in the market. As of Monday morning, the currency pair’s quotations are closely aligned with the 1.0552 mark.

A major contributor to the current sentiment is the escalating conflict between Arabian and Israeli forces. This geopolitical uncertainty has prompted investors to adopt a cautious stance, aiming to sidestep potential complications arising from the conflict.

Economic statistics unveiled in the US on Friday presented a mixed picture. The nation’s unemployment rate steadfastly remained at 3.8%. Contrarily, non-farm payrolls demonstrated a robust uptick, registering an increase of 336,000, substantially surpassing the anticipated 171,000. The average hourly earnings metric retained its prior growth trajectory, with a month-on-month rise of 0.2%.

The employment sector’s performance seemingly provides the US Federal Reserve with sufficient justification to proceed with interest rate hikes. However, consumer spending appears to be decelerating. Contrary to projections of an 11.7 billion USD increase, the US consumer lending volume dwindled by 15.6 billion USD.

EUR/USD technical analysis

On the H4 timeframe of the EUR/USD currency pair, the market achieved the local target of the bearish wave at the 1.0450 juncture. As of the present moment, a corrective wave culminating at 1.0599 has been realized. The currency pair is now poised for a dip to the 1.0520 level, with indications suggesting the formation of a consolidation range around this point. A breach of this range to the upside could potentially propel the currency pair to the 1.0700 mark. Once this level is attained, a subsequent bearish wave targeting 1.0140 may ensue. The Moving Average Convergence Divergence (MACD) offers technical corroboration for this outlook, with its signal line entrenched below the zero mark, exhibiting a sharp upward trajectory, and poised for fresh peaks.

On the H1 timeframe for EUR/USD, an ascent towards 1.0599 has been charted. The market is currently undergoing a correctional phase targeting the 1.0520 mark. Upon completion of this correction, the potential for a bullish wave reaching 1.0700 emerges. This scenario gains validation from the Stochastic oscillator, which currently trades below the zero level but anticipates a climb to the 50-mark. A successful breach of this level could potentially drive the oscillator to the 80-mark.

Conclusion

Amid heightened geopolitical tensions, the EUR/USD pair exhibits bearish tendencies, albeit with potential recovery. While economic statistics from the US paint a varied picture, technical indicators suggest potential upside movements post corrections. Investors and traders should remain vigilant, weighing both the geopolitical landscape and economic indicators when formulating their strategies.

Disclaimer

Any forecasts contained herein are based on the author’s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.

Financial News Forex and Currency News

08 Oct

Currency Speculators continue to pare Euro Bullish Bets to 49-Week Low

By InvestMacro

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).

The latest COT data is updated through Tuesday October 3rd and shows a quick view of how large market participants (for-profit speculators and commercial traders) were positioned in the futures markets. All currency positions are in direct relation to the US dollar where, for example, a bet for the euro is a bet that the euro will rise versus the dollar while a bet against the euro will be a bet that the euro will decline versus the dollar.

Weekly Speculator Changes led by New Zealand Dollar & Australian Dollar

The COT currency market speculator bets were lower this week as five out of the eleven currency markets we cover had higher positioning while the other six markets had lower speculator contracts.

Leading the gains for the currency markets was the New Zealand Dollar (7,531 contracts) with the Australian Dollar (4,828 contracts), Mexican Peso (3,881 contracts), US Dollar Index (2,057 contracts) and the Brazilian Real (1,079 contracts) also showing positive weeks.

The currencies seeing declines in speculator bets on the week were the British Pound (-22,349 contracts) with the EuroFX (-19,456 contracts), the Swiss Franc (-7,627 contracts), the Canadian Dollar (-7,455 contracts), the Japanese Yen (-4,476 contracts) and Bitcoin (-738 contracts) also registering lower bets on the week.

Spotlight: Large Currency Traders continue to pare Euro Bullish Bets to 49-Week Low

Highlighting the COT currency’s data this week is the continued weakness in the Euro Currency speculator positioning. Large speculative Euro positions fell sharply this week by over -19,000 contracts and dropped for a seventh consecutive week. Euro weekly positions have now declined in ten out of the past eleven weeks with a total decline of -99,889 contracts over these past eleven weeks.

This rapid cooling of the speculator bets has now taken the net position from a total of +178,832 contracts on July 18th to a total of +78,943 contracts through Tuesday. This brings the current level to the lowest standing in the past 49-weeks, dating back to October 25th of 2022.

Helping put a dampener on the Euro speculative position has been the likely end of the European Central Bank’s (ECB) rate hiking activity. The ECB recently raised their interest rate in September for a 10th straight meeting to 4 percent. However, the market expectation is that the rate hiking campaign is over for now which combined with subdued growth in the Eurozone puts a limited expectation for strength in the currency.

The Euro currency (EURUSD) spot price (vesus the US Dollar), however, did manage to eke out a small gain this week after falling for eleven straight weeks and touching the lowest level of the year under 1.0500. The EURUSD rebounded off the psychological level of 1.0500 this week and saw gains on Wednesday, Thursday and Friday to close the week right near the 1.0625 exchange rate.

Data Snapshot of Forex Market Traders | Columns Legend

Oct-03-2023	OI	OI-Index	Spec-Net	Spec-Index	Com-Net	COM-Index	Smalls-Net	Smalls-Index
USD Index	42,340	41	18,815	56	-20,166	44	1,351	22
EUR	702,433	39	78,943	54	-104,752	50	25,809	20
GBP	241,045	62	-6,680	51	17,545	56	-10,865	37
JPY	282,682	98	-113,988	2	117,869	93	-3,881	46
CHF	58,673	100	-16,742	11	27,368	89	-10,626	23
CAD	189,443	53	-40,151	17	38,581	82	1,570	26
AUD	207,782	64	-81,987	14	97,266	90	-15,279	15
NZD	52,291	62	-7,650	35	10,717	69	-3,067	13
MXN	212,539	42	64,514	79	-67,248	21	2,734	29
RUB	20,930	4	7,543	31	-7,150	69	-393	24
BRL	41,033	27	16,637	57	-17,643	43	1,006	44
Bitcoin	14,447	65	1,056	82	-1,475	0	419	22

Strength Scores led by Bitcoin & Mexican Peso

COT Strength Scores (a normalized measure of Speculator positions over a 3-Year range, from 0 to 100 where above 80 is Extreme-Bullish and below 20 is Extreme-Bearish) showed that the Bitcoin (82 percent) and the Mexican Peso (79 percent) currently lead the currency markets this week. The Brazilian Real (57 percent), the US Dollar Index (56 percent) and the EuroFX (54 percent) come in as the next highest in the weekly strength scores.

On the downside, the Japanese Yen (2 percent), the Swiss Franc (11 percent), the Australian Dollar (14 percent) and the Canadian Dollar (17 percent) come in at the lowest strength levels and are in Extreme-Bearish territory (below 20 percent).

Strength Statistics:
US Dollar Index (56.3 percent) vs US Dollar Index previous week (52.9 percent)
EuroFX (53.9 percent) vs EuroFX previous week (62.2 percent)
British Pound Sterling (51.1 percent) vs British Pound Sterling previous week (66.6 percent)
Japanese Yen (2.3 percent) vs Japanese Yen previous week (5.0 percent)
Swiss Franc (10.7 percent) vs Swiss Franc previous week (31.6 percent)
Canadian Dollar (17.1 percent) vs Canadian Dollar previous week (24.1 percent)
Australian Dollar (13.7 percent) vs Australian Dollar previous week (9.3 percent)
New Zealand Dollar (35.5 percent) vs New Zealand Dollar previous week (15.9 percent)
Mexican Peso (78.5 percent) vs Mexican Peso previous week (76.1 percent)
Brazilian Real (57.0 percent) vs Brazilian Real previous week (55.6 percent)
Bitcoin (82.3 percent) vs Bitcoin previous week (93.4 percent)

US Dollar Index & Brazilian Real top the 6-Week Strength Trends

COT Strength Score Trends (or move index, calculates the 6-week changes in strength scores) showed that the US Dollar Index (24 percent) leads the past six weeks trends for the currencies and is the only currency with a positive 6-week trend.

The British Pound (-46 percent) leads the downside trend scores with the Swiss Franc (-35 percent), EuroFX (-34 percent) and the Canadian Dollar (-26 percent) following.

Strength Trend Statistics:
US Dollar Index (23.7 percent) vs US Dollar Index previous week (19.6 percent)
EuroFX (-34.0 percent) vs EuroFX previous week (-26.2 percent)
British Pound Sterling (-45.7 percent) vs British Pound Sterling previous week (-24.5 percent)
Japanese Yen (-11.1 percent) vs Japanese Yen previous week (-17.0 percent)
Swiss Franc (-35.3 percent) vs Swiss Franc previous week (-14.0 percent)
Canadian Dollar (-26.2 percent) vs Canadian Dollar previous week (-19.8 percent)
Australian Dollar (-16.7 percent) vs Australian Dollar previous week (-30.6 percent)
New Zealand Dollar (-3.0 percent) vs New Zealand Dollar previous week (-33.2 percent)
Mexican Peso (-5.6 percent) vs Mexican Peso previous week (-13.1 percent)
Brazilian Real (-2.0 percent) vs Brazilian Real previous week (-10.1 percent)
Bitcoin (-6.9 percent) vs Bitcoin previous week (37.7 percent)

Individual COT Forex Markets:

US Dollar Index Futures:

The US Dollar Index large speculator standing this week recorded a net position of 18,815 contracts in the data reported through Tuesday. This was a weekly advance of 2,057 contracts from the previous week which had a total of 16,758 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 56.3 percent. The commercials are Bearish with a score of 43.7 percent and the small traders (not shown in chart) are Bearish with a score of 22.0 percent.

Price Trend-Following Model: Strong Uptrend

Our weekly trend-following model classifies the current market price position as: Strong Uptrend. The current action for the model is considered to be: Hold – Maintain Long Position.

US DOLLAR INDEX Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	66.3	19.6	10.7
– Percent of Open Interest Shorts:	21.8	67.3	7.5
– Net Position:	18,815	-20,166	1,351
– Gross Longs:	28,057	8,313	4,530
– Gross Shorts:	9,242	28,479	3,179
– Long to Short Ratio:	3.0 to 1	0.3 to 1	1.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	56.3	43.7	22.0
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	23.7	-23.1	4.0

Euro Currency Futures:

The Euro Currency large speculator standing this week recorded a net position of 78,943 contracts in the data reported through Tuesday. This was a weekly fall of -19,456 contracts from the previous week which had a total of 98,399 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 53.9 percent. The commercials are Bearish with a score of 50.0 percent and the small traders (not shown in chart) are Bearish with a score of 20.2 percent.

Price Trend-Following Model: Strong Downtrend

Our weekly trend-following model classifies the current market price position as: Strong Downtrend. The current action for the model is considered to be: Hold – Maintain Short Position.

EURO Currency Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	30.1	55.3	11.7
– Percent of Open Interest Shorts:	18.9	70.2	8.1
– Net Position:	78,943	-104,752	25,809
– Gross Longs:	211,783	388,473	82,432
– Gross Shorts:	132,840	493,225	56,623
– Long to Short Ratio:	1.6 to 1	0.8 to 1	1.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	53.9	50.0	20.2
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-34.0	35.8	-25.2

British Pound Sterling Futures:

The British Pound Sterling large speculator standing this week recorded a net position of -6,680 contracts in the data reported through Tuesday. This was a weekly reduction of -22,349 contracts from the previous week which had a total of 15,669 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 51.1 percent. The commercials are Bullish with a score of 55.5 percent and the small traders (not shown in chart) are Bearish with a score of 36.7 percent.

Price Trend-Following Model: Strong Downtrend

Our weekly trend-following model classifies the current market price position as: Strong Downtrend. The current action for the model is considered to be: Hold – Maintain Short Position.

BRITISH POUND Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	30.7	56.3	10.2
– Percent of Open Interest Shorts:	33.4	49.0	14.7
– Net Position:	-6,680	17,545	-10,865
– Gross Longs:	73,911	135,637	24,678
– Gross Shorts:	80,591	118,092	35,543
– Long to Short Ratio:	0.9 to 1	1.1 to 1	0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	51.1	55.5	36.7
– Strength Index Reading (3 Year Range):	Bullish	Bullish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-45.7	46.1	-32.3

Japanese Yen Futures:

The Japanese Yen large speculator standing this week recorded a net position of -113,988 contracts in the data reported through Tuesday. This was a weekly fall of -4,476 contracts from the previous week which had a total of -109,512 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 2.3 percent. The commercials are Bullish-Extreme with a score of 93.2 percent and the small traders (not shown in chart) are Bearish with a score of 45.6 percent.

Price Trend-Following Model: Strong Downtrend

Our weekly trend-following model classifies the current market price position as: Strong Downtrend. The current action for the model is considered to be: Hold – Maintain Short Position.

JAPANESE YEN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	16.8	68.7	13.4
– Percent of Open Interest Shorts:	57.1	27.0	14.7
– Net Position:	-113,988	117,869	-3,881
– Gross Longs:	47,544	194,193	37,744
– Gross Shorts:	161,532	76,324	41,625
– Long to Short Ratio:	0.3 to 1	2.5 to 1	0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	2.3	93.2	45.6
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-11.1	6.5	11.0

Swiss Franc Futures:

The Swiss Franc large speculator standing this week recorded a net position of -16,742 contracts in the data reported through Tuesday. This was a weekly fall of -7,627 contracts from the previous week which had a total of -9,115 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 10.7 percent. The commercials are Bullish-Extreme with a score of 89.1 percent and the small traders (not shown in chart) are Bearish with a score of 22.9 percent.

Price Trend-Following Model: Strong Downtrend

Our weekly trend-following model classifies the current market price position as: Strong Downtrend. The current action for the model is considered to be: New Sell – Short Position.

SWISS FRANC Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	19.0	65.6	15.4
– Percent of Open Interest Shorts:	47.5	18.9	33.5
– Net Position:	-16,742	27,368	-10,626
– Gross Longs:	11,143	38,468	9,030
– Gross Shorts:	27,885	11,100	19,656
– Long to Short Ratio:	0.4 to 1	3.5 to 1	0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	10.7	89.1	22.9
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-35.3	39.4	-32.0

Canadian Dollar Futures:

The Canadian Dollar large speculator standing this week recorded a net position of -40,151 contracts in the data reported through Tuesday. This was a weekly decline of -7,455 contracts from the previous week which had a total of -32,696 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 17.1 percent. The commercials are Bullish-Extreme with a score of 82.4 percent and the small traders (not shown in chart) are Bearish with a score of 26.3 percent.

Price Trend-Following Model: Strong Downtrend

Our weekly trend-following model classifies the current market price position as: Strong Downtrend. The current action for the model is considered to be: Hold – Maintain Short Position.

CANADIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	11.4	67.3	19.5
– Percent of Open Interest Shorts:	32.6	46.9	18.6
– Net Position:	-40,151	38,581	1,570
– Gross Longs:	21,674	127,502	36,889
– Gross Shorts:	61,825	88,921	35,319
– Long to Short Ratio:	0.4 to 1	1.4 to 1	1.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	17.1	82.4	26.3
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-26.2	15.3	12.5

Australian Dollar Futures:

The Australian Dollar large speculator standing this week recorded a net position of -81,987 contracts in the data reported through Tuesday. This was a weekly lift of 4,828 contracts from the previous week which had a total of -86,815 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 13.7 percent. The commercials are Bullish-Extreme with a score of 90.4 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 15.2 percent.

Price Trend-Following Model: Strong Downtrend

Our weekly trend-following model classifies the current market price position as: Strong Downtrend. The current action for the model is considered to be: Hold – Maintain Short Position.

AUSTRALIAN DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	19.0	68.6	10.0
– Percent of Open Interest Shorts:	58.5	21.8	17.3
– Net Position:	-81,987	97,266	-15,279
– Gross Longs:	39,465	142,572	20,690
– Gross Shorts:	121,452	45,306	35,969
– Long to Short Ratio:	0.3 to 1	3.1 to 1	0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	13.7	90.4	15.2
– Strength Index Reading (3 Year Range):	Bearish-Extreme	Bullish-Extreme	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-16.7	15.4	-5.3

New Zealand Dollar Futures:

The New Zealand Dollar large speculator standing this week recorded a net position of -7,650 contracts in the data reported through Tuesday. This was a weekly increase of 7,531 contracts from the previous week which had a total of -15,181 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 35.5 percent. The commercials are Bullish with a score of 69.1 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 13.5 percent.

Price Trend-Following Model: Downtrend

Our weekly trend-following model classifies the current market price position as: Downtrend. The current action for the model is considered to be: Hold – Maintain Short Position.

NEW ZEALAND DOLLAR Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	30.4	64.4	4.8
– Percent of Open Interest Shorts:	45.0	43.9	10.6
– Net Position:	-7,650	10,717	-3,067
– Gross Longs:	15,895	33,651	2,497
– Gross Shorts:	23,545	22,934	5,564
– Long to Short Ratio:	0.7 to 1	1.5 to 1	0.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	35.5	69.1	13.5
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-3.0	3.4	-4.3

Mexican Peso Futures:

The Mexican Peso large speculator standing this week recorded a net position of 64,514 contracts in the data reported through Tuesday. This was a weekly advance of 3,881 contracts from the previous week which had a total of 60,633 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 78.5 percent. The commercials are Bearish with a score of 21.3 percent and the small traders (not shown in chart) are Bearish with a score of 28.6 percent.

Price Trend-Following Model: Strong Downtrend

Our weekly trend-following model classifies the current market price position as: Strong Downtrend. The current action for the model is considered to be: New Sell – Short Position.

MEXICAN PESO Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	42.7	53.7	2.8
– Percent of Open Interest Shorts:	12.4	85.4	1.5
– Net Position:	64,514	-67,248	2,734
– Gross Longs:	90,848	114,185	5,986
– Gross Shorts:	26,334	181,433	3,252
– Long to Short Ratio:	3.4 to 1	0.6 to 1	1.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	78.5	21.3	28.6
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-5.6	5.4	-0.2

Brazilian Real Futures:

The Brazilian Real large speculator standing this week recorded a net position of 16,637 contracts in the data reported through Tuesday. This was a weekly boost of 1,079 contracts from the previous week which had a total of 15,558 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 57.0 percent. The commercials are Bearish with a score of 43.0 percent and the small traders (not shown in chart) are Bearish with a score of 43.8 percent.

Price Trend-Following Model: Strong Downtrend

Our weekly trend-following model classifies the current market price position as: Strong Downtrend. The current action for the model is considered to be: Hold – Maintain Short Position.

BRAZIL REAL Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	61.0	31.9	7.0
– Percent of Open Interest Shorts:	20.5	74.9	4.6
– Net Position:	16,637	-17,643	1,006
– Gross Longs:	25,029	13,086	2,888
– Gross Shorts:	8,392	30,729	1,882
– Long to Short Ratio:	3.0 to 1	0.4 to 1	1.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	57.0	43.0	43.8
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-2.0	6.0	-31.0

Bitcoin Futures:

The Bitcoin large speculator standing this week recorded a net position of 1,056 contracts in the data reported through Tuesday. This was a weekly reduction of -738 contracts from the previous week which had a total of 1,794 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 82.3 percent. The commercials are Bearish with a score of 29.1 percent and the small traders (not shown in chart) are Bearish with a score of 22.5 percent.

Price Trend-Following Model: Weak Downtrend

Our weekly trend-following model classifies the current market price position as: Weak Downtrend. The current action for the model is considered to be: Hold – Maintain Short Position.

BITCOIN Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	82.8	1.1	8.3
– Percent of Open Interest Shorts:	75.5	11.3	5.4
– Net Position:	1,056	-1,475	419
– Gross Longs:	11,964	161	1,195
– Gross Shorts:	10,908	1,636	776
– Long to Short Ratio:	1.1 to 1	0.1 to 1	1.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	82.3	29.1	22.5
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-6.9	12.4	0.1

Article By InvestMacro – Receive our weekly COT Newsletter

COT Updates Forex and Currency News Opinions

08 Oct

Speculator Extremes: VIX, Heating Oil, Dow-Mini & 2-Year lead COT Bullish & Bearish Positions

By InvestMacro

The latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on October 3rd.

Here Are This Week’s Most Bullish Speculator Positions:

VIX

The VIX speculator position comes in as the most bullish extreme standing this week. The VIX speculator level is currently at a 94.0 percent score of its 3-year range.

The six-week trend for the percent strength score totaled -4.7 this week. The overall net speculator position was a total of -34,193 net contracts this week with a change of 18,642 contract in the weekly speculator bets.

Speculators or Non-Commercials Notes:

Heating Oil

The Heating Oil speculator position comes next in the extreme standings this week. The Heating Oil speculator level is now at a 93.0 percent score of its 3-year range.

The six-week trend for the percent strength score was -3.9 this week. The speculator position registered 38,946 net contracts this week with a weekly change of -3,181 contracts in speculator bets.

3-Month Secured Overnight Financing Rate

The six-week trend for the speculator strength score came in at 14.4 this week. The overall speculator position was 292,306 net contracts this week with a change of -24,840 contracts in the weekly speculator bets.

Bloomberg Commodity Index

The Bloomberg Commodity Index speculator position comes up number four in the extreme standings this week. The Bloomberg Commodity Index speculator level is at a 86.2 percent score of its 3-year range.

The six-week trend for the speculator strength score totaled a change of 5.7 this week. The overall speculator position was -5,136 net contracts this week with a change of 1 contracts in the speculator bets.

Bitcoin

The Bitcoin speculator position rounds out the top five in this week’s bullish extreme standings. The Bitcoin speculator level sits at a 82.3 percent score of its 3-year range. The six-week trend for the speculator strength score was -6.9 this week.

The speculator position was 1,056 net contracts this week with a change of -738 contracts in the weekly speculator bets.

This Week’s Most Bearish Speculator Positions:

DowJones Mini

The DowJones Mini speculator position comes in as the most bearish extreme standing this week. The DowJones Mini speculator level is at a 0.0 percent score of its 3-year range.

The six-week trend for the speculator strength score was -42.6 this week. The overall speculator position was -32,447 net contracts this week with a change of -10,829 contracts in the speculator bets.

2-Year Bond

The 2-Year Bond speculator position comes in next for the most bearish extreme standing on the week. The 2-Year Bond speculator level is at a 0.0 percent score of its 3-year range.

The six-week trend for the speculator strength score was -0.5 this week. The speculator position was -1,278,301 net contracts this week with a change of -68,001 contracts in the weekly speculator bets.

Ultra 10-Year U.S. T-Note

The Ultra 10-Year U.S. T-Note speculator position comes in as third most bearish extreme standing of the week. The Ultra 10-Year U.S. T-Note speculator level resides at a 0.0 percent score of its 3-year range.

The six-week trend for the speculator strength score was -17.8 this week. The overall speculator position was -244,907 net contracts this week with a change of -46,781 contracts in the speculator bets.

Soybeans

The Soybeans speculator position comes in as this week’s fourth most bearish extreme standing. The Soybeans speculator level is at a 0.0 percent score of its 3-year range.

The six-week trend for the speculator strength score was -16.8 this week. The speculator position was 22,503 net contracts this week with a change of -23,985 contracts in the weekly speculator bets.

Corn

Finally, the Corn speculator position comes in as the fifth most bearish extreme standing for this week. The Corn speculator level is at a 1.7 percent score of its 3-year range.

The six-week trend for the speculator strength score was -8.4 this week. The speculator position was -107,544 net contracts this week with a change of 10,996 contracts in the weekly speculator bets.

Article By InvestMacro – Receive our weekly COT Newsletter

COT Updates Forex and Currency News Opinions

Risk Disclosure: Foreign Currency trading and trading on margin carries a high level of risk and can result in loss of part or all of your investment. Due to the level of risk and market volatility, Foreign Currency trading may not be suitable for all investors and you should not invest money you cannot afford to lose. Before deciding to invest in the foreign currency exchange market you should carefully consider your investment objectives, level of experience, and risk appetite. You should be aware of all the risks associated with foreign currency exchange trading, and seek advice from an independent financial advisor should you have any doubts.

All information and opinions on this website are for general informational purposes only and do not constitute investment advice.

Archive for Forex and Currency News – Page 57

Weekly Speculator Changes led by US Dollar Index & Japanese Yen

Speculators drop their British Pound bets for 9th week to 30-week low

Strength Scores led by Mexican Peso & Bitcoin

US Dollar Index & New Zealand Dollar top the 6-Week Strength Trends

Individual COT Forex Markets:

US Dollar Index Futures:

Price Trend-Following Model: Strong Uptrend

Euro Currency Futures:

Price Trend-Following Model: Strong Downtrend

British Pound Sterling Futures:

Price Trend-Following Model: Strong Downtrend

Japanese Yen Futures:

Price Trend-Following Model: Downtrend

Swiss Franc Futures:

Price Trend-Following Model: Strong Downtrend

Canadian Dollar Futures:

Price Trend-Following Model: Strong Downtrend

Australian Dollar Futures:

Price Trend-Following Model: Downtrend

New Zealand Dollar Futures:

Price Trend-Following Model: Strong Downtrend

Mexican Peso Futures:

Price Trend-Following Model: Strong Downtrend

Brazilian Real Futures:

Price Trend-Following Model: Downtrend

Bitcoin Futures:

Price Trend-Following Model: Weak Downtrend (Possible Trend Change)

Here Are This Week’s Most Bullish Speculator Positions:

VIX

Speculators or Non-Commercials Notes:

Cocoa Futures

3-Month Secured Overnight Financing Rate

Bloomberg Commodity Index

Heating Oil

This Week’s Most Bearish Speculator Positions:

DowJones Mini

2-Year Bond

Ultra 10-Year U.S. T-Note

Palladium

Soybeans

And even before things settle down, volatility is likely to intensify in the week ahead thanks to top-tier economic reports and speeches from policymakers among other key risk events:

Our focus falls on the GBPUSD which is forming a “death cross” pattern on the daily timeframe.

Here are 3 reasons why GBPUSD could be gearing up for a major move:

UK September Consumer Price Index (CPI)

Markets are forecasting:

As of writing, traders are pricing in a 45% probability of a 25 basis point BoE hike by the end of 2023.

US data dump + Fed speeches

Bearish technical force: Death cross pending

Given the chaotic cocktail of themes influencing markets, this may present some opportunities across the FX space. Here are a couple of trading setups we are keeping an eye on:

EURUSD approaches key resistance

GBPUSD bulls back in town?

USDJPY trapped within range

USDCAD set to challenge 50-day SMA?

Weekly Speculator Changes led by New Zealand Dollar & Australian Dollar

Spotlight: Large Currency Traders continue to pare Euro Bullish Bets to 49-Week Low

Strength Scores led by Bitcoin & Mexican Peso

US Dollar Index & Brazilian Real top the 6-Week Strength Trends

Individual COT Forex Markets:

US Dollar Index Futures:

Price Trend-Following Model: Strong Uptrend

Euro Currency Futures:

Price Trend-Following Model: Strong Downtrend

British Pound Sterling Futures:

Price Trend-Following Model: Strong Downtrend

Japanese Yen Futures:

Price Trend-Following Model: Strong Downtrend

Swiss Franc Futures:

Price Trend-Following Model: Strong Downtrend

Canadian Dollar Futures:

Price Trend-Following Model: Strong Downtrend

Australian Dollar Futures:

Price Trend-Following Model: Strong Downtrend

New Zealand Dollar Futures:

Price Trend-Following Model: Downtrend

Mexican Peso Futures:

Price Trend-Following Model: Strong Downtrend

Brazilian Real Futures:

Price Trend-Following Model: Strong Downtrend

Bitcoin Futures: