News Column

British Pound Turns From First Bullish Sentiment Extreme Since 2012

February 10, 2014

Jamie Saettele, CMT

  • EUR Positioning Flips for 3rd Consecutive Week
  • GBP Turns From Rare Sentiment Extreme
  • MX Peso Turns From Rare Sentiment Extreme



    View COT data in MT4



    Latest CFTC Release dated February 4, 2013:



    Week (Data for Tuesdays)



    52 week Percentile / Comment (if applicable)

    US Dollar

    22

    Euro

    33-3 consecutive weeks of position flipping

    British Pound

    77-bullish sentiment extreme 2 weeks ago-first one since December 2012

    Australian Dollar

    33

    Japanese Yen

    75

    Canadian Dollar

    14

    Swiss Franc

    53

    Mexican Peso

    2 - bearish sentiment extreme 2 weeks ago-first since September

    Gold

    51

    Silver

    25

    Copper

    47 - specs flipped to short 2 weeks ago

    Crude

    96





    The COT Index is the difference between net speculative positioning and net commercial positioning measured. A light blue colored bar indicates that the difference in positioning is the greatest it has been in 52 weeks (bullish) with speculators selling and commercials buying. A light red colored bar indicates that the difference in positioning is the greatest it has been in 52 weeks (bearish) with speculators buying and commercials selling. Crosses above and below 0 are in bold. Non commercials tend to be on the wrong side at the turn and commercials the correct side. Use of the index is covered closely in detail in my book.



    Charts (all charts are continuous contract)

    Non Commercials (speculators) - Red

    Commercials - Blue

    Small Speculators - Black



    COTDiff (COT Index) - Black



    US Dollar

    British_Pound_Turns_From_First_Bullish_Sentiment_Extreme_Since_2012_body_usd.png, British Pound Turns From First Bullish Sentiment Extreme Since 2012





    Euro

    British_Pound_Turns_From_First_Bullish_Sentiment_Extreme_Since_2012_body_eur.png, British Pound Turns From First Bullish Sentiment Extreme Since 2012





    British Pound

    British_Pound_Turns_From_First_Bullish_Sentiment_Extreme_Since_2012_body_GBP.png, British Pound Turns From First Bullish Sentiment Extreme Since 2012



    Australian Dollar

    British_Pound_Turns_From_First_Bullish_Sentiment_Extreme_Since_2012_body_AUD.png, British Pound Turns From First Bullish Sentiment Extreme Since 2012



    Japanese Yen

    British_Pound_Turns_From_First_Bullish_Sentiment_Extreme_Since_2012_body_JPY.png, British Pound Turns From First Bullish Sentiment Extreme Since 2012



    Canadian Dollar

    British_Pound_Turns_From_First_Bullish_Sentiment_Extreme_Since_2012_body_cad.png, British Pound Turns From First Bullish Sentiment Extreme Since 2012



    Swiss Franc

    British_Pound_Turns_From_First_Bullish_Sentiment_Extreme_Since_2012_body_chf.png, British Pound Turns From First Bullish Sentiment Extreme Since 2012



    Mexican Peso

    British_Pound_Turns_From_First_Bullish_Sentiment_Extreme_Since_2012_body_mxn.png, British Pound Turns From First Bullish Sentiment Extreme Since 2012



    Gold

    British_Pound_Turns_From_First_Bullish_Sentiment_Extreme_Since_2012_body_gold.png, British Pound Turns From First Bullish Sentiment Extreme Since 2012



    Silver

    British_Pound_Turns_From_First_Bullish_Sentiment_Extreme_Since_2012_body_silver.png, British Pound Turns From First Bullish Sentiment Extreme Since 2012



    Copper

    British_Pound_Turns_From_First_Bullish_Sentiment_Extreme_Since_2012_body_copper.png, British Pound Turns From First Bullish Sentiment Extreme Since 2012



    Crude



    British_Pound_Turns_From_First_Bullish_Sentiment_Extreme_Since_2012_body_crude.png, British Pound Turns From First Bullish Sentiment Extreme Since 2012











    Jamie is the author of Sentiment in the Forex Market.










  • For more stories on investments and markets, please see HispanicBusiness' Finance Channel



    Source: DailyFx


    Story Tools