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19.02.2020 04:07 AM
What are the major institutions trading? | Weekly Commitment of Traders (COT) report (17/2 to 21/2)

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Our strongest currency is the US Dollar with a bullish strength factor of 1.73 and with institutions adding more long contracts.

Our weakest currency is the New Zealand Dollar with a bearish strength factor 1.43 and with a net bearish positions of 2,287 meaning that there are a lot of institutions adding on to their short positions (2,983) while at the same time, reducing their long positions (-696).

With a weak NZD and a strong USD, it would be good to look for short NZD/USD positions for this week.

Also worth noting are the weak Japanese Yen, Australian Dollar and the strong Euro, Pound and Canadian dollar.

Dean Leo,
Analytical expert of InstaForex
© 2007-2024
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