Saturday April 29, 2017 - 16:29:22 GMT
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Commitment Of Traders Report for 25 April 2017 Data Register for the Amazing Trader
Amazing Trader charts are continuously updated to your system
Most trading is all about stops. The Commitment of Traders Report (COT) is an imperfect, but useful, "sampling" of market positioning. I would prefer more frequent and precise readings, but we have to live with what we get. The data work for the purpose of getting an idea if traders are positioned long or short and if they in big or small.
Little change from a week ago. Essentially traders exited EURUSD shorts. Also, position trading simply has not been working well. Keep in mind that EUR positions are not just against the USD. EUR crosses vs. the JPY and GBP are undoubtedly significant. I avoid big ideas in EURUSD and take the market one day at a time.
The GBP tends to be highly sensitive to data, and that can be helpful to those of us who rely on active markets. U.K. data tend to be released in the mid-month period. As for the Commitment of Traders data, markets are maintaining large GBPUSD shorts, but are winding down. Stops will be above the market. From a trading perspective, we always keep an eye on EURGBP cross as a barometer of flows in and out of the EUR. These flows often directly
The Bank of Japan recently has been able to hold a floor under USDJPY. USDJPY tends to correlate positively with the yield on the U.S. 10-yr note and equity prices. Markets remain long USDJPY but those positions are declining.
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