Commitment of Traders as of 04 August 2020
| As of 04Aug20 | Long | Short |
| CAD | 53.26% | 46.74% |
| CHF | 55.34% | 44.66% |
| GBP | 50.87% | 49.13% |
| JPY | 56.47% | 43.53% |
| EUR | 59.78% | 40.22% |
| NZD | 53.94% | 46.06% |
| AUD | 53.28% | 46.72% |
| USD* | 45.09% | 54.91% |
| XAG | 60.56% | 39.44% |
| XAU | 58.75% | 41.25% |
*USD is the weakest currency among the rest of the currency based on July 29-Aug 4, 2020, and reported on the 7th of August 2020, Friday.
The Commodity Futures Trading Commission is the one who gathers all information and regulates the trading for both currencies and commodities in the U.S. They usually release data every Friday which includes the latest data from previous Tuesdays. The Commodity Exchange Act regulates the trading of commodity futures in the United States. Passed in 1936, it has been amended several times since then. The CEA establishes the statutory framework under which the CFTC operates. Under this Act, the CFTC has the authority to establish regulations that are published in title 17 of the Code of Federal Regulations.
Commitment of Traders gives us also a blueprint where will market may lead. So what I did is, I usually download data every Saturday due to time difference between U.S. time and Philippine time, and add the long and short positions of non-commercial, commercial, and nonreportable positions. Then I convert those into percentages.
We'll see this week trading how many pips increase on your favorite Forex pairs from August 10-14, 2020. Happy trading!
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