Saxo Bank publishes two weekly Commitment of Traders reports (COT) covering leveraged fund positions in commodities, bonds and stock index futures. For IMM currency futures and the VIX, we use the broader measure called non-commercial. To download your copy of the Commitment of Traders: Forex report for the week ending May 28, click here.
To download your copy of the Commitment of Traders: Financials report for the week ending May 28, click here.
The dollar long against 10 IMM currency futures rose for a second week by 1% to $31.4 billion. The May carnage across other markets, however, resulted in a net $3.6 billion reduction in the dollar long. Part of the reason why the dollar has struggled to respond positively to the risk-off sentiment comes down to the fact the speculative positioning is already long. In addition to this, the market has now begun waking up to the fact that the US Federal Reserve is likely to get off the fence and begin cutting rates sooner than was expected a month ago.