Hello everyone I have decided to share my analysis of the release of the U.S. COMMODITY FUTURES TRADING COMMISSION weekly report.
Every week I will break down the long format of the CFTC's report and translate it into short hand for people trading Forex. This weekly report will detail what large speculators such as hedge funds and banks are doing in the market so we can compare our own ideas and strategies against what larger institutions who consistently make a profit are doing.
For example if you think you should short the EUR/USD but last week the guys at the big boy's table just dumped 2 trillion in short positions and opened 1.8 trillion in long positions and on top of that the big players are already 26 trillion long to 11 trillion short. It would be nice to have such information before you bet against the great minds at Goldman Sachs and all those hedge fund geniuses.
All positions are correlated to the US dollar. These positions only include entity's within the United States such as Goldman Sachs and other large speculators.
========================== EUR (format in trillion Euro's )
Total 32 long 14 short
Last week +0.32 Short +0.97 long
Outlook: Long term: Strong Buy Short term: medium Buy
========================== GBP (format in trillions GBP) 6.2 Long 4.1 Short
Last week +0.9 long +0.5 short
Outlook: Long term: medium buy Short term: medium buy
========================== CAD (format in trillions CAD) 6.9 Long 4.6 Short
Last week +0.8 long +0.2 short
Outlook: Long term: Low buy Short term: medium buy
========================== CHF (format in trillions CHF) 1.7 Long 4.6 Short
Last week +0 long +0.12 short
Outlook: Long term: strong sell Short term: strong sell
========================== JPY (format in trillions JPY) 465 Long 2001 Short
Last week -11 long +32 short
Outlook: Long term:very strong sell Short term:very strong sell
========================== AUD (format in trillions AUD) 6.3 Long 4.6 Short
Last week +0.13 long +0.06 short
Outlook: Long term: medium Buy Short term: medium Buy
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