Here’s a little tutorial for looking at the Commitment of Traders reports published each Friday by the CFTC.
In forex, ignore the “commercial” category (the categories the CFTC use are more appropriate for physical commodities like agricultural goods, rather than financial futures…) on the table and concentrate on the “non-commercial” or speculative category. To find the market’s overall position, simply net together the long and the shorts. The data released last Friday, as of the end of business July 6, shows the market was net short a total of 38.909 contracts, a big decline over the prior week.
