Trend Followers Pile on Australian Dollar Longs

By Jamie Saettele, CMT | DailyFX – Mon, Aug 6, 2012 7:17 PM EDT

Latest CFTC Release dated July 31, 2012:

Week (Data for Tuesdays)	52 week Percentile / Comment (if applicable)
US Dollar	69
Euro	33
British Pound	80
Australian Dollar	59
Japanese Yen	57
Canadian Dollar	67
Swiss Franc	16
Gold	14
Silver	45
Copper	6
Crude	57

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

Non Commercials (speculators) – Red

Commercials – Blue

Small Speculators – Black

COTDiff – Black

Volume on bottom

US Dollar