CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Weekly COTS Report 18th March 2019

Article By: ,  Financial Analyst

USD:US dollar exposure is at its highest level against G10 currencies in 6-weeks, having increased for a third consecutive week to $29 bln. Still, the US dollar index (DXY) is struggling near its highs and produced a bearish inside week after failing to break above 97, and remains to look weak technically over the near-term.

JPY: Traders are net-short at their most bearish level in 9 weeks. However, this bearish extension is off the back of long closure and not a round of freshly initiated short bets. This makes the ‘bearish move’ less compelling, along with the fact yen futures have failed to break lower. In fact, both longs and shorts have closed out to see volumes move lower among large speculators.

NZD:Net-long exposure moves to an 8-month high. Fuelled mostly by short-covering, short closure accounted for 10 times the amount of new bullish bets. Still, at just 21k contract net-long, bulls are hardly at dizzy heights, therefore far from a sentiment extreme. But if long interest picks up then we could be on the lookout for a bullish breakout on NZD/USD.

Gold: Net-long exposure was reduced by 9.2k contracts, after bears initiated 11.8k fresh short contracts last week. Keeping in mind the report was ahead of Thursday’s bearish engulfing candle below resistance, so we’d expect short interest to have picked up a little since then.

StoneX Financial Ltd (trading as "FOREX.com") is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, FOREX.com does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date.


This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it. No opinion given in this material constitutes a recommendation by FOREX.com or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.


The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although FOREX.com is not specifically prevented from dealing before providing this material, FOREX.com does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. For further details see our full non-independent research disclaimer and quarterly summary.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFD and Forex Trading are leveraged products and your capital is at risk. They may not be suitable for everyone. Please ensure you fully understand the risks involved by reading our full risk warning.

FOREX.com is a trading name of StoneX Financial Ltd. StoneX Financial Ltd is a company incorporated in England and Wales with UK Companies House number 05616586 and with its registered office at 1st Floor, Moor House, 120 London Wall, London, EC2Y 5ET. StoneX Financial Ltd is authorised and regulated by the Financial Conduct Authority in the UK, with FCA Register Number: 446717.

FOREX.com is a trademark of StoneX Financial Ltd. This website uses cookies to provide you with the very best experience and to know you better. By visiting our website with your browser set to allow cookies, you consent to our use of cookies as described in our Privacy Policy. FOREX.com products and services are not intended for Belgium residents.

© FOREX.COM 2025