Articles tagged with "market-sentiment"

Traders ramped up bearish bets on the US dollar, pushing net-short exposure to record levels. Meanwhile, AUD saw renewed short interest, while CAD and EUR gained favour among large speculators.

COT report reveals mixed positioning in currencies, metals, and indices. USD shorts rise, gold longs build, and Wall Street futures diverge as volatility looms.

COT report reveals USD shorts trimmed and gold longs rising, though commodity currencies are on the verge of breakouts despite short bets against them. Wall Street indices see real-money accounts stepping in.

Positioning on the US dollar continues to suggest an oversold market. USD/CAD is rebounding in line with my bias, and large speculators have began betting against the Japanese yen.

Japanese yen net-longs hit record highs, but price action diverges. With USD oversold and the BoJ dovish, JPY bulls may be pushing their luck too far.

The commitment of traders (COT) report shows how large speculators are positioned across futures markets on the CME exchange.

Asset managers remained net-long the US dollar index, but may have since flipped to bet short with the USD index falling below 100. Traders were less bearish on the Australian and Canadian dollars, and increased bullish interest on EUR/USD.

A level of complacency ahead of Trump's tariffs can be seen in last week's futures market exposure, with traders increasing their short exposure to the VIX and Swiss franc, while also closing shorts against the Nasdaq at a notable pace.

Asset managers increased their gross-short exposure to EUR/USD for the first week in six. Asset managers trimmed net-long exposure to the US dollar index for a tenth week. And the large speculators that help flip VIX exposure to net-short may be regretting their move, looking at how Wall Street indices are now trading.

The culling of EUR/USD shorts on the futures market was the fastest weekly pace since the pandemic, which also coincided with futures traders effectively flipping to net-short USD for the first time since October. Bears also short-covered NZD/USD shorts at their fastest pace since December 2011, while predictably chasing gold prices higher as we suggested last week.

Large speculators flipped to net-long exposure EUR/USD futures for the first week in 21, and while they extended their bullish exposure to Japanese yen futures, it could be nearing a sentiment extreme. So USD/JPY bears may want to tread with caution.

Large speculators pushed their net-long exposure to Japanese yen futures to a record high for a second week, and were just net-short euro futures by 10k contracts.