Is there an indicator or a script or an ea that gets ctfc data automatically?
Is there an indicator or a script or an ea that gets ctfc data automatically?
There were some attempts to do so (and some platforms like tradestation have it as default) but as far as I know nothing like that exists for metatrader
Speculators turn short U.S. dollar for 1st time in 6 months-CFTC
Speculators turned bearish on the U.S. dollar in the latest week for the first time since late October, according to data from the Commodity Futures Trading Commission released on Friday.
The value of the dollar's net short position was $1.17 billion in the week ended April 15, from a net long position of$3.09 billion the previous week. That was the first short position in nearly six months.
"This is an important shift and highlights that even though most expect many currencies to weaken against the U.S. dollar before year-end, it is too early to position for dollar strength," said Camilla Sutton, chief FX strategist, at Scotiabank in Toronto.
"For now the trend in the Australian dollar, euro, sterling, Swiss franc, and gold are bullish...which warns of further potential upside in these currencies."
One of the most notable changes in CFTC positioning was the decline in short contracts on the yen to 68,716 from net shorts of 87,462.
To be long a currency is a view it will rise, while being short is a bet its value will decline.
The Reuters calculation for the aggregate U.S. dollar position is derived from net positions of International Monetary Market speculators in the yen, euro, British pound, Swiss franc and Canadian and Australian dollars.
The Commodity Futures Trading Commission released its weekly Commitments of Traders report for the week ending April 29 on Friday.
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
You agree to website policy and terms of use
Many speculative traders use the Commitments of Traders report to help them decide whether or not to take a long or short position. One theory is that "small speculators" are generally wrong and that the best position is contrary to the net nonreportable position. Another theory is that commercial traders understand their market the best and taking their position has a better chance of profit (which is pretty much the same thing as the "small speculators" being wrong).
________________
This thread will contain weekly CTFC data as a help in decision making