12-13-2005 Forex “Volume” Report

The Commitment of Traders report was released yesterday.  Here’s a quick summary:

Crude Oil - Insignificant Changes
CAD - Open Interest increases by about 25%, most of it in Long Positions
CHF - Open Interest declines by over 10000 positions, most of the decline due to decrease of short positions
GBP - Open Interest declines by over 38%, attributed to a 50% decline in short positions
JPY - Open Interest declines by about 8000 positions, an equal decline in both short and long positions
EUR -  Decrease in over 25% of open positions, most from decline in short positions
NZD - First report.  Nothing to compare.
AUD - 50% decline in short positions
USD Index - About 2000 less long positions, 250 less short positions 

Interesting report this week.  We almost saw a net flip with the EURO where the equilibrium between short and long positions is in balance.  All the majors indicate a major shift in thought, one from a SHORT mindset to a neutral mindset.  Though there were a decrease in short positions, this did not translate into a gain in long positions.

See the report 

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