- Analytics
- Market Sentiment
CFTC report – signals of EUR,GBP sentiments changes
According to the report of Commodity Futures Trading Commission for today we observe bearish EUR, JPY, CHF trends and bullish CAD, NZD, MXN, AUD and GBP. However this week’s data is interesting as it provides the first warning signal for EUR bears and GBP bulls. CAD’s attracton is growing, with investors adding to the net long position, driving it to $1bn. However the net long AUD position narrowed, but remains elevated at $3.4bn. There was likely a reallocation of AUD longs into CAD; however the core take away is that near‐term sentiment remains bullish for the commodity currencies.
EUR bears made no change to their extended $10bn short position; however the lack of a further build is a warning signal that downward momentum could be slowing. GBP longs grew nervous and took the opportunity to close out some of their exposures. The net long GBP position remains the largest at $4.5bn but the shift this week warns of a potential change in sentiment. JPY bears continue to maintain a fairly constant short position, even in the face of substantial JPY strength.
Currency | Trend | Position volume, $bln | Weekly change, $bln |
CAD | upward | 964 | 711 |
AUD | upward | 3,440 | ‐252 |
NZD | upward | 1,267 | 479 |
EUR | downward | ‐10,084 | 308 |
GBP | upward | 4,458 | ‐1,588 |
CHF | downward | ‐954 | 69 |
JPY | downward | ‐8,169 | ‐943 |
Gold | upward | 19,791 | 422 |
Data origin: CFTC, Scotiabank
New Exclusive Analytical Tool
Any date range - from 1 day to 1 year
Any Trading Group - Forex, Stocks, Indices, etc.
Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.
Last Sentiments
- 18Mar2021Weekly Top Gainers/Losers: Canadian dollar and Japanese yen
Over the past 7 days, prices for oil, non-ferrous metals and other mineral raw materials decreased but still remained high. As a result, the currencies...
- 10Mar2021Weekly Top Gainers/Losers: Canadian dollar and New Zealand dollar
Оil quotes continued to rise over the past 7 days. Against this background, the currencies of oil-producing countries, such as the Russian ruble and the...
- 4Mar2021Weekly Top Gainers/Losers: American dollar and South African rand
Over the past 7 days, oil quotes continued to grow. Precious metals, including gold, fell in price. Against this background, the shares of oil companies...