Archive for investing

Currency Speculators boost US Dollar Index bets to 5-year high while Euro bets dip into bearish level

By InvestMacro | COT | Data Tables | COT Leaders | Downloads | COT Newsletter

currency futures open interest chart

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).

The latest COT data is updated through Tuesday June 14th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets. All currency positions are in direct relation to the US dollar where, for example, a bet for the euro is a bet that the euro will rise versus the dollar while a bet against the euro will be a bet that the euro will decline versus the dollar.

There were many really large moves this week in the COT positioning as the data was recorded on Tuesday – just one day ahead of the Federal Reserve’s announcement of a 75 basis point increase in the US benchmark Fed Funds rate.

Currency market speculator bets were mostly higher this week as eight out of the eleven currency markets (Russian ruble futures positions have not been updated by the CFTC since March) we cover had higher positioning this week while two markets had lower contracts. Leading the gains for currency market positions was the Canadian dollar (24,264 contracts) and the Japanese yen (21,891 contracts) with the New Zealand dollar (12,933 contracts), Swiss franc (9,324 contracts), US Dollar Index (6,538 contracts), British pound sterling (5,214 contracts), Australian dollar (4,642 contracts), Bitcoin (571 contracts) and Brazil real (508 contracts) also showing positive weeks.

Meanwhile, leading the declines in speculator bets were the Mexican peso (-59,107 contracts) and the Euro (-56,561 contracts) this week.

Currency Speculators Notes:

US Dollar Index speculators raised their bullish bets for a second straight week this week and for the seventh time in the past ten weeks. These increases pushed the large speculator standing (+44,476 contracts) to the highest level in the past two hundred and seventy-three weeks, dating back more than five years to March 21st of 2017. The most bullish level ever was +81,270 contracts on March 10th of 2015. The US dollar strength keeps rolling along and the overall standing has now remained bullish for the past fifty consecutive weeks, dating back to July of 2021. The US Dollar Index price has continued its strength as well and reached a high this week of over 105.75 which is the best level for the DXY since back in December of 2002.

Euro speculators sharply dropped their positions this week by the most on record with a huge decline of -56,561 contracts. This record decline beat out the previous high of -52,107 contracts that took place on June 19th of 2018. Euro bets had been gaining over the past month and were at a total of +50,543 contracts before this week’s sharp turnaround which has now tipped the overall spec positioning into bearish territory for the first time since January.

Japanese yen speculator bets surged this week (+21,891 contracts) and gained for the fifth straight week. Yen speculator positions have been in bearish territory for over a year and have been extremely week since many central banks around the world started raising their interest rates. The Bank of Japan has not raised rates and has signaled that it will not do so, creating large interest rate differentials compared to the other major currencies. Despite the spec bets increase this week, the yen exchange rate came under further pressure this week with the USDJPY price closing over the 135.00 exchange rate (and remaining near 20-year highs).

Mexican Peso speculator bets fell sharply by -59,381 contracts this week and flipped the MXN speculator positioning from bullish to bearish. The weekly speculator decline is the largest fall in the past thirteen weeks and the decrease into a bearish standing is the first time since March 29th.

Canadian dollar bets jumped this week by the most in the past seventy-seven weeks and brought the speculator position back into bullish territory for the first time in six weeks. CAD speculator bets have now gained for four straight weeks and the overall spec standing is residing at the highest level since July 2021.

New Zealand dollar speculators also boosted their bets this week after the NZD positions had dropped in six out of the previous seven weeks. This week’s rise in weekly bets was the most in the past thirteen weeks but the overall speculator standing remains in bearish territory for the seventh straight week.


currency futures strength leaders

Strength scores (3-Year range of Speculator positions, from 0 to 100 where above 80 is extreme bullish and below 20 is extreme bearish) show that the US Dollar Index (100 percent), Bitcoin (100 percent) and the Brazilian Real (96.8 percent) are leading the strength scores and are all in extreme bullish positions. On the downside, the Mexican peso (16.1 percent) has fallen into extreme bearish positioning followed by the Japanese yen (25.9 percent) and British pound (26.7 percent) which are just above the 20 percent extreme bearish threshold.

currency forex futures strength trends chart

Strength score trends (or move index, that calculate 6-week changes in strength scores) shows that the US Dollar Index (19.5 percent), Japanese yen (19.1 percent) and Swiss franc (18 percent) have the highest six-week trend scores currently. The Mexican peso also leads the trends on the downside with a -17.5 percent trend change.


Data Snapshot of Forex Market Traders | Columns Legend
Jun-14-2022 OI OI-Index Spec-Net Spec-Index Com-Net COM-Index Smalls-Net Smalls-Index
USD Index 61,144 91 44,476 100 -47,736 0 3,260 52
EUR 668,164 69 -6,018 33 -28,495 68 34,513 32
GBP 238,322 63 -65,596 27 81,063 78 -15,467 24
JPY 232,513 77 -69,755 26 86,443 78 -16,688 20
CHF 39,362 20 -6,808 39 18,147 72 -11,339 19
CAD 175,219 47 23,202 65 -30,284 43 7,082 44
AUD 142,857 39 -43,254 45 44,710 52 -1,456 49
NZD 45,410 35 -6,838 60 9,773 45 -2,935 18
MXN 197,375 48 -26,381 16 23,148 82 3,233 57
RUB 20,930 4 7,543 31 -7,150 69 -393 24
BRL 69,931 67 47,213 97 -48,458 4 1,245 79
Bitcoin 12,242 68 1,061 100 -947 0 -114 10

 


US Dollar Index Futures:

US Dollar Index Forex Futures COT ChartThe US Dollar Index large speculator standing this week resulted in a net position of 44,476 contracts in the data reported through Tuesday. This was a weekly boost of 6,538 contracts from the previous week which had a total of 37,938 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 100.0 percent. The commercials are Bearish-Extreme with a score of 0.0 percent and the small traders (not shown in chart) are Bullish with a score of 52.2 percent.

US DOLLAR INDEX Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 86.9 2.9 9.1
– Percent of Open Interest Shorts: 14.2 80.9 3.8
– Net Position: 44,476 -47,736 3,260
– Gross Longs: 53,133 1,752 5,553
– Gross Shorts: 8,657 49,488 2,293
– Long to Short Ratio: 6.1 to 1 0.0 to 1 2.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 100.0 0.0 52.2
– Strength Index Reading (3 Year Range): Bullish-Extreme Bearish-Extreme Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 19.2 -19.1 7.1

 


Euro Currency Futures:

Euro Currency Futures COT ChartThe Euro Currency large speculator standing this week resulted in a net position of -6,018 contracts in the data reported through Tuesday. This was a weekly fall of -56,561 contracts from the previous week which had a total of 50,543 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 33.2 percent. The commercials are Bullish with a score of 67.9 percent and the small traders (not shown in chart) are Bearish with a score of 31.6 percent.

EURO Currency Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 31.0 54.1 12.7
– Percent of Open Interest Shorts: 31.9 58.3 7.5
– Net Position: -6,018 -28,495 34,513
– Gross Longs: 206,986 361,159 84,823
– Gross Shorts: 213,004 389,654 50,310
– Long to Short Ratio: 1.0 to 1 0.9 to 1 1.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 33.2 67.9 31.6
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 0.1 -1.1 5.9

 


British Pound Sterling Futures:

British Pound Sterling Futures COT ChartThe British Pound Sterling large speculator standing this week resulted in a net position of -65,596 contracts in the data reported through Tuesday. This was a weekly lift of 5,214 contracts from the previous week which had a total of -70,810 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 26.7 percent. The commercials are Bullish with a score of 77.6 percent and the small traders (not shown in chart) are Bearish with a score of 23.6 percent.

BRITISH POUND Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 12.3 77.2 8.7
– Percent of Open Interest Shorts: 39.8 43.2 15.1
– Net Position: -65,596 81,063 -15,467
– Gross Longs: 29,343 184,011 20,625
– Gross Shorts: 94,939 102,948 36,092
– Long to Short Ratio: 0.3 to 1 1.8 to 1 0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 26.7 77.6 23.6
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 5.9 -4.7 -0.5

 


Japanese Yen Futures:

Japanese Yen Forex Futures COT ChartThe Japanese Yen large speculator standing this week resulted in a net position of -69,755 contracts in the data reported through Tuesday. This was a weekly boost of 21,891 contracts from the previous week which had a total of -91,646 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 25.9 percent. The commercials are Bullish with a score of 77.8 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 19.5 percent.

JAPANESE YEN Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 14.0 75.6 9.6
– Percent of Open Interest Shorts: 44.0 38.4 16.8
– Net Position: -69,755 86,443 -16,688
– Gross Longs: 32,441 175,789 22,340
– Gross Shorts: 102,196 89,346 39,028
– Long to Short Ratio: 0.3 to 1 2.0 to 1 0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 25.9 77.8 19.5
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 19.1 -16.5 5.7

 


Swiss Franc Futures:

Swiss Franc Forex Futures COT ChartThe Swiss Franc large speculator standing this week resulted in a net position of -6,808 contracts in the data reported through Tuesday. This was a weekly lift of 9,324 contracts from the previous week which had a total of -16,132 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 39.2 percent. The commercials are Bullish with a score of 72.4 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 19.1 percent.

SWISS FRANC Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 10.9 66.2 22.9
– Percent of Open Interest Shorts: 28.2 20.1 51.7
– Net Position: -6,808 18,147 -11,339
– Gross Longs: 4,291 26,045 9,026
– Gross Shorts: 11,099 7,898 20,365
– Long to Short Ratio: 0.4 to 1 3.3 to 1 0.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 39.2 72.4 19.1
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 18.0 -19.8 17.9

 


Canadian Dollar Futures:

Canadian Dollar Forex Futures COT ChartThe Canadian Dollar large speculator standing this week resulted in a net position of 23,202 contracts in the data reported through Tuesday. This was a weekly boost of 24,264 contracts from the previous week which had a total of -1,062 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 65.4 percent. The commercials are Bearish with a score of 43.5 percent and the small traders (not shown in chart) are Bearish with a score of 44.3 percent.

CANADIAN DOLLAR Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 32.3 45.1 16.8
– Percent of Open Interest Shorts: 19.0 62.4 12.7
– Net Position: 23,202 -30,284 7,082
– Gross Longs: 56,550 79,064 29,357
– Gross Shorts: 33,348 109,348 22,275
– Long to Short Ratio: 1.7 to 1 0.7 to 1 1.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 65.4 43.5 44.3
– Strength Index Reading (3 Year Range): Bullish Bearish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 15.9 -14.4 6.3

 


Australian Dollar Futures:

Australian Dollar Forex Futures COT ChartThe Australian Dollar large speculator standing this week resulted in a net position of -43,254 contracts in the data reported through Tuesday. This was a weekly lift of 4,642 contracts from the previous week which had a total of -47,896 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 44.7 percent. The commercials are Bullish with a score of 52.2 percent and the small traders (not shown in chart) are Bearish with a score of 48.9 percent.

AUSTRALIAN DOLLAR Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 22.2 59.9 14.9
– Percent of Open Interest Shorts: 52.4 28.6 16.0
– Net Position: -43,254 44,710 -1,456
– Gross Longs: 31,660 85,591 21,342
– Gross Shorts: 74,914 40,881 22,798
– Long to Short Ratio: 0.4 to 1 2.1 to 1 0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 44.7 52.2 48.9
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -13.7 7.8 10.4

 


New Zealand Dollar Futures:

New Zealand Dollar Forex Futures COT ChartThe New Zealand Dollar large speculator standing this week resulted in a net position of -6,838 contracts in the data reported through Tuesday. This was a weekly increase of 12,933 contracts from the previous week which had a total of -19,771 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 59.8 percent. The commercials are Bearish with a score of 45.5 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 18.2 percent.

NEW ZEALAND DOLLAR Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 32.8 61.8 4.9
– Percent of Open Interest Shorts: 47.9 40.3 11.4
– Net Position: -6,838 9,773 -2,935
– Gross Longs: 14,894 28,062 2,236
– Gross Shorts: 21,732 18,289 5,171
– Long to Short Ratio: 0.7 to 1 1.5 to 1 0.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 59.8 45.5 18.2
– Strength Index Reading (3 Year Range): Bullish Bearish Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -0.4 -0.2 3.8

 


Mexican Peso Futures:

Mexican Peso Futures COT ChartThe Mexican Peso large speculator standing this week resulted in a net position of -26,381 contracts in the data reported through Tuesday. This was a weekly reduction of -59,107 contracts from the previous week which had a total of 32,726 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 16.1 percent. The commercials are Bullish-Extreme with a score of 82.5 percent and the small traders (not shown in chart) are Bullish with a score of 56.7 percent.

MEXICAN PESO Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 57.8 38.3 3.1
– Percent of Open Interest Shorts: 71.2 26.5 1.5
– Net Position: -26,381 23,148 3,233
– Gross Longs: 114,093 75,532 6,170
– Gross Shorts: 140,474 52,384 2,937
– Long to Short Ratio: 0.8 to 1 1.4 to 1 2.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 16.1 82.5 56.7
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -17.5 17.4 -2.9

 


Brazilian Real Futures:

Brazil Real Futures COT ChartThe Brazilian Real large speculator standing this week resulted in a net position of 47,213 contracts in the data reported through Tuesday. This was a weekly rise of 508 contracts from the previous week which had a total of 46,705 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 96.8 percent. The commercials are Bearish-Extreme with a score of 4.0 percent and the small traders (not shown in chart) are Bullish with a score of 79.4 percent.

BRAZIL REAL Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 83.0 12.5 4.6
– Percent of Open Interest Shorts: 15.5 81.8 2.8
– Net Position: 47,213 -48,458 1,245
– Gross Longs: 58,023 8,711 3,197
– Gross Shorts: 10,810 57,169 1,952
– Long to Short Ratio: 5.4 to 1 0.2 to 1 1.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 96.8 4.0 79.4
– Strength Index Reading (3 Year Range): Bullish-Extreme Bearish-Extreme Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 5.3 -5.0 -4.0

 


Bitcoin Futures:

Bitcoin Crypto Futures COT ChartThe Bitcoin large speculator standing this week resulted in a net position of 1,061 contracts in the data reported through Tuesday. This was a weekly increase of 571 contracts from the previous week which had a total of 490 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 100.0 percent. The commercials are Bearish-Extreme with a score of 0.0 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 10.3 percent.

BITCOIN Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 81.7 0.5 8.2
– Percent of Open Interest Shorts: 73.0 8.2 9.2
– Net Position: 1,061 -947 -114
– Gross Longs: 9,996 62 1,008
– Gross Shorts: 8,935 1,009 1,122
– Long to Short Ratio: 1.1 to 1 0.1 to 1 0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 100.0 0.0 10.3
– Strength Index Reading (3 Year Range): Bullish-Extreme Bearish-Extreme Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 12.3 -30.9 -3.5

 


Article By InvestMacroReceive our weekly COT Reports by Email

*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) were positioned in the futures markets.

The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators) as well as their open interest (contracts open in the market at time of reporting).See CFTC criteria here.

COT Week 24 Charts: Metals Speculator bets lower as Gold & Copper bets drop

By InvestMacro | COT | Data Tables | COT Leaders | Downloads | COT Newsletter

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).

The latest COT data is updated through Tuesday June 14th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

COT Metals market speculator bets were lower this week as all five of the metals markets we cover had lower positioning this week. Leading the declines in speculator bets this week were Gold (-20,670 contracts) and Copper (-10,083 contracts) with Platinum (-3,719 contracts), Silver (-3,399 contracts) and Palladium (-596 contracts) also registering lower bets on the week.

Highlighting this week’s COT metals data was the further weakness in bullish bets for the Gold futures contracts. Gold speculators sharply dropped their bullish bets by -20,670 contracts this week and have now seen lower positions for two out of three weeks as well as for the seventh time in the past nine weeks. Over the nine-week time-frame, Gold speculator bets have fallen by a total of -99,689 contracts, going from +254,297 net positions on April 12th to +154,598 net positions this week. These decreases have brought the current level down to the least bullish standing of the past one hundred and fifty-nine weeks, dating back to May 28th of 2019.

Despite the speculator weakness, the Gold futures price has not fallen too sharply although prices have cooled off since hitting an almost two-year high of $2,078 on March 8th. The Gold price currently remains trading in its range between approximately $1,800 and $1,884 that has prevailed since early in May and over the longer-term, remains in an uptrend.


Strength scores (3-Year range of Speculator positions, from 0 to 100 where above 80 is extreme bullish and below 20 is extreme bearish) show that Copper (32.4 percent) is the leading pack this week although this score is just slightly above a extreme bearish score. All the other markets are currently in extreme bearish levels (below 20 percent) as speculator sentiment among the metals is very weak at the moment.

Strength score trends (or move index, that calculate 6-week changes in strength scores) show that the Platinum (5.4 percent) and Copper (1.3 percent) are the only two metals with rising trend scores. Gold and Silver are neck and neck for leading the trends to the downside with scores of -22.4 percent (Gold) and -22 percent (Silver), respectively, while Platinum (-7.3 percent) also has a negative trend score for the week.


Data Snapshot of Commodity Market Traders | Columns Legend
Jun-14-2022 OI OI-Index Spec-Net Spec-Index Com-Net COM-Index Smalls-Net Smalls-Index
WTI Crude 1,715,674 0 302,946 0 -341,654 100 38,708 70
Gold 497,456 13 154,598 0 -178,569 100 23,971 15
Silver 151,978 18 14,005 0 -22,047 100 8,042 0
Copper 187,247 17 -13,797 32 10,287 67 3,510 46
Palladium 7,740 6 -4,057 0 4,354 100 -297 27
Platinum 66,613 33 2,214 7 -6,793 96 4,579 26
Natural Gas 1,053,265 0 -123,485 42 74,310 54 49,175 96
Brent 171,026 17 -36,389 50 34,601 51 1,788 33
Heating Oil 268,199 23 8,475 55 -28,686 41 20,211 68
Soybeans 754,428 34 182,667 70 -155,663 37 -27,004 25
Corn 1,521,565 25 399,775 81 -344,196 23 -55,579 11
Coffee 202,656 0 46,885 79 -48,399 25 1,514 5
Sugar 800,806 1 170,483 72 -198,006 31 27,523 42
Wheat 336,890 13 20,435 46 -18,089 34 -2,346 98

 


Gold Comex Futures:

Gold Futures COT ChartThe Gold Comex Futures large speculator standing this week equaled a net position of 154,598 contracts in the data reported through Tuesday. This was a weekly fall of -20,670 contracts from the previous week which had a total of 175,268 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 0.0 percent. The commercials are Bullish-Extreme with a score of 100.0 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 14.9 percent.

Gold Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 53.6 24.5 9.2
– Percent of Open Interest Shorts: 22.5 60.4 4.4
– Net Position: 154,598 -178,569 23,971
– Gross Longs: 266,596 121,926 45,726
– Gross Shorts: 111,998 300,495 21,755
– Long to Short Ratio: 2.4 to 1 0.4 to 1 2.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 0.0 100.0 14.9
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -22.4 25.7 -31.1

 


Silver Comex Futures:

Silver Futures COT ChartThe Silver Comex Futures large speculator standing this week equaled a net position of 14,005 contracts in the data reported through Tuesday. This was a weekly fall of -3,399 contracts from the previous week which had a total of 17,404 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 0.0 percent. The commercials are Bullish-Extreme with a score of 100.0 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 0.0 percent.

Silver Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 37.6 39.6 16.0
– Percent of Open Interest Shorts: 28.4 54.1 10.7
– Net Position: 14,005 -22,047 8,042
– Gross Longs: 57,216 60,161 24,268
– Gross Shorts: 43,211 82,208 16,226
– Long to Short Ratio: 1.3 to 1 0.7 to 1 1.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 0.0 100.0 0.0
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -22.0 21.9 -16.9

 


Copper Grade #1 Futures:

Copper Futures COT ChartThe Copper Grade #1 Futures large speculator standing this week equaled a net position of -13,797 contracts in the data reported through Tuesday. This was a weekly decline of -10,083 contracts from the previous week which had a total of -3,714 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 32.4 percent. The commercials are Bullish with a score of 66.5 percent and the small traders (not shown in chart) are Bearish with a score of 45.6 percent.

Copper Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 27.3 55.2 8.8
– Percent of Open Interest Shorts: 34.6 49.7 6.9
– Net Position: -13,797 10,287 3,510
– Gross Longs: 51,077 103,433 16,449
– Gross Shorts: 64,874 93,146 12,939
– Long to Short Ratio: 0.8 to 1 1.1 to 1 1.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 32.4 66.5 45.6
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 1.3 0.1 -11.8

 


Platinum Futures:

Platinum Futures COT ChartThe Platinum Futures large speculator standing this week equaled a net position of 2,214 contracts in the data reported through Tuesday. This was a weekly decrease of -3,719 contracts from the previous week which had a total of 5,933 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 6.5 percent. The commercials are Bullish-Extreme with a score of 95.7 percent and the small traders (not shown in chart) are Bearish with a score of 25.8 percent.

Platinum Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 37.7 42.3 12.9
– Percent of Open Interest Shorts: 34.3 52.5 6.0
– Net Position: 2,214 -6,793 4,579
– Gross Longs: 25,085 28,194 8,597
– Gross Shorts: 22,871 34,987 4,018
– Long to Short Ratio: 1.1 to 1 0.8 to 1 2.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 6.5 95.7 25.8
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 5.4 -4.3 -8.8

 


Palladium Futures:

Palladium Futures COT ChartThe Palladium Futures large speculator standing this week equaled a net position of -4,057 contracts in the data reported through Tuesday. This was a weekly fall of -596 contracts from the previous week which had a total of -3,461 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 0.0 percent. The commercials are Bullish-Extreme with a score of 100.0 percent and the small traders (not shown in chart) are Bearish with a score of 26.7 percent.

Palladium Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 13.5 71.8 14.3
– Percent of Open Interest Shorts: 65.9 15.5 18.1
– Net Position: -4,057 4,354 -297
– Gross Longs: 1,045 5,555 1,105
– Gross Shorts: 5,102 1,201 1,402
– Long to Short Ratio: 0.2 to 1 4.6 to 1 0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 0.0 100.0 26.7
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -7.3 10.7 -34.4

 


Article By InvestMacroReceive our weekly COT Reports by Email

*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) were positioned in the futures markets.

The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators) as well as their open interest (contracts open in the market at time of reporting).See CFTC criteria here.

COT Week 23 Charts: Forex Speculators Positions mostly higher led by Canadian dollar & Swiss franc

By InvestMacro | COT | Data Tables | COT Leaders | Downloads | COT Newsletter

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).

The latest COT data is updated through Tuesday June 7th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets. All currency positions are in direct relation to the US dollar where, for example, a bet for the euro is a bet that the euro will rise versus the dollar while a bet against the euro will be a bet that the euro will decline versus the dollar.

COT Currencies market speculator bets were mostly higher this week as eight out of the eleven currency markets we cover had higher positioning this week while three markets had lower contracts.

Leading the gains for currency markets was the Canadian dollar (5,945 contracts) and the Swiss franc (4,326 contracts) with the British pound sterling (3,295 contracts), Japanese yen (2,793 contracts), Brazil real (1,389 contracts), Australian dollar (786 contracts), US Dollar Index (400 contracts) and Bitcoin (87 contracts) also showing a positive week.

Meanwhile, leading the declines in speculator bets this week were Mexican peso (-2,723 contracts) and Euro (-1,729 contracts) with New Zealand dollar (-1,047 contracts) also registering lower bets on the week.

Currency Speculators Notes:

  • US Dollar Index speculator bets have continued their upward climb in four out of the past five weeks as well as nine out of the past twelve weeks. USD Index remains in an extreme-bullish strength level and is very close (currently +37,938 contracts) to the highest net speculator position (+39,078 contracts on January 4th) of this recent bullish cycle, emphasizing the strong speculator bias.
  • The Euro speculator position saw a pullback this week (-1,729 contracts) after huge gains in the previous three weeks (+58,650 contracts). Speculator sentiment is still pretty strong currently (+50,543 contracts) despite a very weak exchange rate (EURUSD at 1.0524 to close the week) and weak outlook for the Eurozone economy with rising inflation.
  • British pound sterling speculator sentiment has crumbled in the past few months. The net speculator position managed to poke its head above its negative bias on February 15th with a total of +2,237 net contracts but sentiment has deteriorated since. From February 22nd to this week, speculator bets have dropped by a total of -73,047 contracts and recently hit a 139-week low on May 24th, the lowest level of speculator sentiment dating back to September of 2019.
  • Japanese yen speculator positions are the most bearish of the major currencies just under -100,000 contracts. The USDJPY exchange rate is at a 20-year high and there has been no sign that the BOJ is interest in raising interest rates while other central banks commit to higher rates. These factors seem to say that the rout of the yen will continue ahead for some time (but how far can it go?).
  • Commodity currency speculator bets are on the defensive lately. Australian dollar spec bets have fallen in five out of the past six weeks.
  • Canadian dollar bets are now in bearish territory for a 5th straight week.
  • New Zealand dollar speculator positions have declined in six out of the past seven weeks and the net position has now fallen to the lowest level since March of 2020

Strength scores (3-Year range of Speculator positions, from 0 to 100 where above 80 is extreme bullish and below 20 is extreme bearish) show that the Brazilian Real, US Dollar Index and Bitcoin are all in extreme-bullish levels at the current moment. On the opposite end of the extreme spectrum, the Japanese yen and the Swiss franc are very weak in relative speculator sentiment and sit in the extreme-bearish levels.

Strength score trends (or move index, that calculate 6-week changes in strength scores) shows that the commodity currencies have been losing sentiment over the last six weeks. The Australian dollar, Canadian dollar and the New Zealand dollar have all had changes of at least -18.8 percent in their strength scores with the New Zealand dollar leading the decline with a -33.3 percent drop in six weeks. The US Dollar Index, Euro and Mexican Peso have had small but rising scores over the past six weeks.


Data Snapshot of Forex Market Traders | Columns Legend
Jun-07-2022 OI OI-Index Spec-Net Spec-Index Com-Net COM-Index Smalls-Net Smalls-Index
USD Index 65,163 100 37,938 91 -41,863 5 3,925 59
EUR 730,667 95 50,543 51 -88,189 51 37,646 37
GBP 258,623 76 -70,810 23 80,465 77 -9,655 36
JPY 266,054 100 -91,646 12 109,109 89 -17,463 18
CHF 49,794 41 -16,132 16 27,216 87 -11,084 20
CAD 167,373 42 -1,062 40 -13,401 58 14,463 59
AUD 166,422 57 -47,896 40 47,413 54 483 54
NZD 63,540 70 -19,771 38 22,681 65 -2,910 19
MXN 248,184 72 32,726 41 -38,117 57 5,391 66
RUB 20,930 4 7,543 31 -7,150 69 -393 24
BRL 72,371 70 46,705 96 -48,954 4 2,249 91
Bitcoin 10,990 58 490 93 -529 0 39 14

 


US Dollar Index Futures:

US Dollar Index Forex Futures COT ChartThe US Dollar Index large speculator standing this week recorded a net position of 37,938 contracts in the data reported through Tuesday. This was a weekly lift of 400 contracts from the previous week which had a total of 37,538 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 91.2 percent. The commercials are Bearish-Extreme with a score of 5.0 percent and the small traders (not shown in chart) are Bullish with a score of 59.5 percent.

US DOLLAR INDEX Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 85.1 3.2 8.9
– Percent of Open Interest Shorts: 26.9 67.5 2.8
– Net Position: 37,938 -41,863 3,925
– Gross Longs: 55,460 2,090 5,780
– Gross Shorts: 17,522 43,953 1,855
– Long to Short Ratio: 3.2 to 1 0.0 to 1 3.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 91.2 5.0 59.5
– Strength Index Reading (3 Year Range): Bullish-Extreme Bearish-Extreme Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 7.0 -8.8 13.4

 


Euro Currency Futures:

Euro Currency Futures COT ChartThe Euro Currency large speculator standing this week recorded a net position of 50,543 contracts in the data reported through Tuesday. This was a weekly reduction of -1,729 contracts from the previous week which had a total of 52,272 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 50.5 percent. The commercials are Bullish with a score of 51.0 percent and the small traders (not shown in chart) are Bearish with a score of 36.7 percent.

EURO Currency Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 31.5 50.0 12.5
– Percent of Open Interest Shorts: 24.6 62.1 7.3
– Net Position: 50,543 -88,189 37,646
– Gross Longs: 230,248 365,628 90,978
– Gross Shorts: 179,705 453,817 53,332
– Long to Short Ratio: 1.3 to 1 0.8 to 1 1.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 50.5 51.0 36.7
– Strength Index Reading (3 Year Range): Bullish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 8.7 -11.9 22.7

 


British Pound Sterling Futures:

British Pound Sterling Futures COT ChartThe British Pound Sterling large speculator standing this week recorded a net position of -70,810 contracts in the data reported through Tuesday. This was a weekly increase of 3,295 contracts from the previous week which had a total of -74,105 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 23.0 percent. The commercials are Bullish with a score of 77.3 percent and the small traders (not shown in chart) are Bearish with a score of 35.6 percent.

BRITISH POUND Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 13.4 74.1 8.4
– Percent of Open Interest Shorts: 40.8 43.0 12.1
– Net Position: -70,810 80,465 -9,655
– Gross Longs: 34,618 191,742 21,602
– Gross Shorts: 105,428 111,277 31,257
– Long to Short Ratio: 0.3 to 1 1.7 to 1 0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 23.0 77.3 35.6
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -0.9 -4.4 17.9

 


Japanese Yen Futures:

Japanese Yen Forex Futures COT ChartThe Japanese Yen large speculator standing this week recorded a net position of -91,646 contracts in the data reported through Tuesday. This was a weekly boost of 2,793 contracts from the previous week which had a total of -94,439 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 12.4 percent. The commercials are Bullish-Extreme with a score of 88.9 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 18.0 percent.

JAPANESE YEN Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 6.9 79.3 8.7
– Percent of Open Interest Shorts: 41.4 38.3 15.3
– Net Position: -91,646 109,109 -17,463
– Gross Longs: 18,466 210,889 23,226
– Gross Shorts: 110,112 101,780 40,689
– Long to Short Ratio: 0.2 to 1 2.1 to 1 0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 12.4 88.9 18.0
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 2.4 -2.8 3.9

 


Swiss Franc Futures:

Swiss Franc Forex Futures COT ChartThe Swiss Franc large speculator standing this week recorded a net position of -16,132 contracts in the data reported through Tuesday. This was a weekly advance of 4,326 contracts from the previous week which had a total of -20,458 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 15.6 percent. The commercials are Bullish-Extreme with a score of 86.9 percent and the small traders (not shown in chart) are Bearish with a score of 20.0 percent.

SWISS FRANC Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 5.2 69.3 18.8
– Percent of Open Interest Shorts: 37.6 14.6 41.1
– Net Position: -16,132 27,216 -11,084
– Gross Longs: 2,609 34,494 9,378
– Gross Shorts: 18,741 7,278 20,462
– Long to Short Ratio: 0.1 to 1 4.7 to 1 0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 15.6 86.9 20.0
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -8.3 2.4 6.0

 


Canadian Dollar Futures:

Canadian Dollar Forex Futures COT ChartThe Canadian Dollar large speculator standing this week recorded a net position of -1,062 contracts in the data reported through Tuesday. This was a weekly boost of 5,945 contracts from the previous week which had a total of -7,007 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 40.2 percent. The commercials are Bullish with a score of 57.6 percent and the small traders (not shown in chart) are Bullish with a score of 58.6 percent.

CANADIAN DOLLAR Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 23.5 44.2 22.4
– Percent of Open Interest Shorts: 24.1 52.2 13.7
– Net Position: -1,062 -13,401 14,463
– Gross Longs: 39,288 74,044 37,463
– Gross Shorts: 40,350 87,445 23,000
– Long to Short Ratio: 1.0 to 1 0.8 to 1 1.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 40.2 57.6 58.6
– Strength Index Reading (3 Year Range): Bearish Bullish Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -23.8 14.2 9.7

 


Australian Dollar Futures:

Australian Dollar Forex Futures COT ChartThe Australian Dollar large speculator standing this week recorded a net position of -47,896 contracts in the data reported through Tuesday. This was a weekly increase of 786 contracts from the previous week which had a total of -48,682 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 40.4 percent. The commercials are Bullish with a score of 54.3 percent and the small traders (not shown in chart) are Bullish with a score of 53.6 percent.

AUSTRALIAN DOLLAR Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 19.1 59.9 14.5
– Percent of Open Interest Shorts: 47.8 31.4 14.2
– Net Position: -47,896 47,413 483
– Gross Longs: 31,720 99,747 24,197
– Gross Shorts: 79,616 52,334 23,714
– Long to Short Ratio: 0.4 to 1 1.9 to 1 1.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 40.4 54.3 53.6
– Strength Index Reading (3 Year Range): Bearish Bullish Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -18.8 13.8 4.3

 


New Zealand Dollar Futures:

New Zealand Dollar Forex Futures COT ChartThe New Zealand Dollar large speculator standing this week recorded a net position of -19,771 contracts in the data reported through Tuesday. This was a weekly decline of -1,047 contracts from the previous week which had a total of -18,724 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 38.1 percent. The commercials are Bullish with a score of 65.4 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 18.5 percent.

NEW ZEALAND DOLLAR Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 19.4 69.1 4.0
– Percent of Open Interest Shorts: 50.5 33.4 8.6
– Net Position: -19,771 22,681 -2,910
– Gross Longs: 12,310 43,890 2,538
– Gross Shorts: 32,081 21,209 5,448
– Long to Short Ratio: 0.4 to 1 2.1 to 1 0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 38.1 65.4 18.5
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -33.3 31.2 -4.3

 


Mexican Peso Futures:

Mexican Peso Futures COT ChartThe Mexican Peso large speculator standing this week recorded a net position of 32,726 contracts in the data reported through Tuesday. This was a weekly decline of -2,723 contracts from the previous week which had a total of 35,449 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 41.3 percent. The commercials are Bullish with a score of 56.9 percent and the small traders (not shown in chart) are Bullish with a score of 65.9 percent.

MEXICAN PESO Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 48.0 35.4 3.4
– Percent of Open Interest Shorts: 34.8 50.8 1.2
– Net Position: 32,726 -38,117 5,391
– Gross Longs: 119,162 87,884 8,441
– Gross Shorts: 86,436 126,001 3,050
– Long to Short Ratio: 1.4 to 1 0.7 to 1 2.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 41.3 56.9 65.9
– Strength Index Reading (3 Year Range): Bearish Bullish Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 5.4 -6.1 8.3

 


Brazilian Real Futures:

Brazil Real Futures COT ChartThe Brazilian Real large speculator standing this week recorded a net position of 46,705 contracts in the data reported through Tuesday. This was a weekly boost of 1,389 contracts from the previous week which had a total of 45,316 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 96.3 percent. The commercials are Bearish-Extreme with a score of 3.5 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 91.1 percent.

BRAZIL REAL Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 81.1 13.5 5.4
– Percent of Open Interest Shorts: 16.5 81.2 2.3
– Net Position: 46,705 -48,954 2,249
– Gross Longs: 58,657 9,780 3,931
– Gross Shorts: 11,952 58,734 1,682
– Long to Short Ratio: 4.9 to 1 0.2 to 1 2.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 96.3 3.5 91.1
– Strength Index Reading (3 Year Range): Bullish-Extreme Bearish-Extreme Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -0.2 -0.2 4.4

 


Bitcoin Futures:

Bitcoin Crypto Futures COT ChartThe Bitcoin large speculator standing this week recorded a net position of 490 contracts in the data reported through Tuesday. This was a weekly lift of 87 contracts from the previous week which had a total of 403 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 93.2 percent. The commercials are Bearish with a score of 21.6 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 13.8 percent.

BITCOIN Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 81.5 1.5 9.7
– Percent of Open Interest Shorts: 77.1 6.4 9.3
– Net Position: 490 -529 39
– Gross Longs: 8,959 169 1,063
– Gross Shorts: 8,469 698 1,024
– Long to Short Ratio: 1.1 to 1 0.2 to 1 1.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 93.2 21.6 13.8
– Strength Index Reading (3 Year Range): Bullish-Extreme Bearish Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 1.5 -6.4 0.6

 


Article By InvestMacroReceive our weekly COT Reports by Email

*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) were positioned in the futures markets.

The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators) as well as their open interest (contracts open in the market at time of reporting).See CFTC criteria here.

Euro Currency Speculators continue to boost their bullish bets for 4th Week

By InvestMacro | COT | Data Tables | COT Leaders | Downloads | COT Newsletter

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).

The latest COT data is updated through Tuesday May 31st and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets. All currency positions are in direct relation to the US dollar where, for example, a bet for the euro is a bet that the euro will rise versus the dollar while a bet against the euro will be a bet that the euro will decline versus the dollar.

Highlighting the COT currency data was the further gains in bullish bets for the Euro currency futures contracts. Euro speculators boosted their bullish bets for a fourth straight week this week and for the sixth time in the past ten weeks. Over the past four-week time-frame, Euro bets have risen by a total of +58,650 contracts, going from -6,378 net positions on May 3rd to a total of +52,272 net positions this week. This week marks the highest Euro speculator standing in the past twelve weeks.

The recent improvement in Euro positions has taken place with a very strong change in sentiment as just four weeks ago the overall position had fallen into bearish territory. The Euro sentiment has been so bad that analysts have been making predictions for an inevitable decline of the Euro into parity versus the dollar. However, recently there has been rising expectations that the European Central Bank will be more hawkish towards interest rates in the near future (despite the weak outlook for EU GDP growth) and will end their negative interest rate policy.

Over the past few weeks, the EUR/USD exchange rate has rebounded after falling to a multi-year low of 1.0350 in early May. This week the EUR/USD hit a weekly high of 1.0787 before closing at the 1.0719 exchange rate.

Overall, the currencies with higher speculator bets this week were the Euro (13,342 contracts), Brazil real (6,602 contracts), British pound sterling (6,267 contracts), Canadian dollar (5,680 contracts), Mexican peso (5,657 contracts), Japanese yen (5,005 contracts) and the New Zealand dollar (597 contracts).

The currencies with declining bets were the US Dollar Index (-501 contracts), Australian dollar (-3,236 contracts), Swiss franc (-785 contracts) and Bitcoin (-446 contracts).


Strength scores (3-Year range of Speculator positions, from 0 to 100 where above 80 is extreme bullish and below 20 is extreme bearish) show that most of the currency markets are below their midpoint (50 percent) of the last 3 years. The Brazil Real, US Dollar Index and Bitcoin are currently in extreme bullish levels.

Strength score trends (or move index, that show 6-week changes in strength scores) shows the recent strong weakness in the commodity currencies (AUD, NZD and CAD) as well as the Swiss franc.


Data Snapshot of Forex Market Traders | Columns Legend
May-31-2022 OI OI-Index Spec-Net Spec-Index Com-Net COM-Index Smalls-Net Smalls-Index
USD Index 63,863 98 37,538 91 -41,327 6 3,789 58
EUR 706,317 85 52,272 51 -85,186 52 32,914 29
GBP 252,881 72 -74,105 21 87,172 81 -13,067 29
JPY 239,080 81 -94,439 11 105,049 87 -10,610 32
CHF 49,579 40 -20,458 10 29,851 87 -9,393 26
CAD 135,929 21 -7,007 34 -327 68 7,334 44
AUD 153,661 48 -48,682 40 51,128 57 -2,446 46
NZD 55,134 53 -18,724 40 21,374 63 -2,650 21
MXN 212,843 55 35,449 42 -40,143 56 4,694 63
RUB 20,930 4 7,543 31 -7,150 69 -393 24
BRL 74,146 73 45,316 95 -47,670 5 2,354 92
Bitcoin 10,900 58 403 92 -503 0 100 15

 


US Dollar Index Futures:

US Dollar Index Forex Futures COT ChartThe US Dollar Index large speculator standing this week came in at a net position of 37,538 contracts in the data reported through Tuesday. This was a weekly decrease of -501 contracts from the previous week which had a total of 38,039 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 90.5 percent. The commercials are Bearish-Extreme with a score of 5.9 percent and the small traders (not shown in chart) are Bullish with a score of 58.0 percent.

US DOLLAR INDEX Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 85.9 3.7 8.8
– Percent of Open Interest Shorts: 27.1 68.4 2.8
– Net Position: 37,538 -41,327 3,789
– Gross Longs: 54,859 2,355 5,605
– Gross Shorts: 17,321 43,682 1,816
– Long to Short Ratio: 3.2 to 1 0.1 to 1 3.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 90.5 5.9 58.0
– Strength Index Reading (3 Year Range): Bullish-Extreme Bearish-Extreme Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 8.6 -9.0 5.2

 


Euro Currency Futures:

Euro Currency Futures COT ChartThe Euro Currency large speculator standing this week came in at a net position of 52,272 contracts in the data reported through Tuesday. This was a weekly rise of 13,342 contracts from the previous week which had a total of 38,930 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 51.0 percent. The commercials are Bullish with a score of 51.9 percent and the small traders (not shown in chart) are Bearish with a score of 28.9 percent.

EURO Currency Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 33.5 51.7 12.3
– Percent of Open Interest Shorts: 26.1 63.8 7.7
– Net Position: 52,272 -85,186 32,914
– Gross Longs: 236,553 365,434 87,138
– Gross Shorts: 184,281 450,620 54,224
– Long to Short Ratio: 1.3 to 1 0.8 to 1 1.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 51.0 51.9 28.9
– Strength Index Reading (3 Year Range): Bullish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 6.4 -10.1 24.0

 


British Pound Sterling Futures:

British Pound Sterling Futures COT ChartThe British Pound Sterling large speculator standing this week came in at a net position of -74,105 contracts in the data reported through Tuesday. This was a weekly gain of 6,267 contracts from the previous week which had a total of -80,372 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 20.6 percent. The commercials are Bullish-Extreme with a score of 81.2 percent and the small traders (not shown in chart) are Bearish with a score of 28.6 percent.

BRITISH POUND Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 12.2 76.6 7.7
– Percent of Open Interest Shorts: 41.5 42.2 12.9
– Net Position: -74,105 87,172 -13,067
– Gross Longs: 30,788 193,786 19,446
– Gross Shorts: 104,893 106,614 32,513
– Long to Short Ratio: 0.3 to 1 1.8 to 1 0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 20.6 81.2 28.6
– Strength Index Reading (3 Year Range): Bearish Bullish-Extreme Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -10.9 8.4 1.9

 


Japanese Yen Futures:

Japanese Yen Forex Futures COT ChartThe Japanese Yen large speculator standing this week came in at a net position of -94,439 contracts in the data reported through Tuesday. This was a weekly increase of 5,005 contracts from the previous week which had a total of -99,444 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 10.7 percent. The commercials are Bullish-Extreme with a score of 86.9 percent and the small traders (not shown in chart) are Bearish with a score of 31.9 percent.

JAPANESE YEN Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 6.4 82.2 9.5
– Percent of Open Interest Shorts: 45.9 38.3 13.9
– Net Position: -94,439 105,049 -10,610
– Gross Longs: 15,201 196,584 22,605
– Gross Shorts: 109,640 91,535 33,215
– Long to Short Ratio: 0.1 to 1 2.1 to 1 0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 10.7 86.9 31.9
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 7.9 -12.1 24.5

 


Swiss Franc Futures:

Swiss Franc Forex Futures COT ChartThe Swiss Franc large speculator standing this week came in at a net position of -20,458 contracts in the data reported through Tuesday. This was a weekly lowering of -785 contracts from the previous week which had a total of -19,673 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 10.3 percent. The commercials are Bullish-Extreme with a score of 87.0 percent and the small traders (not shown in chart) are Bearish with a score of 25.7 percent.

SWISS FRANC Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 5.3 75.6 17.3
– Percent of Open Interest Shorts: 46.6 15.4 36.3
– Net Position: -20,458 29,851 -9,393
– Gross Longs: 2,641 37,473 8,596
– Gross Shorts: 23,099 7,622 17,989
– Long to Short Ratio: 0.1 to 1 4.9 to 1 0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 10.3 87.0 25.7
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -21.5 10.4 7.5

 


Canadian Dollar Futures:

Canadian Dollar Forex Futures COT ChartThe Canadian Dollar large speculator standing this week came in at a net position of -7,007 contracts in the data reported through Tuesday. This was a weekly boost of 5,680 contracts from the previous week which had a total of -12,687 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 33.7 percent. The commercials are Bullish with a score of 68.5 percent and the small traders (not shown in chart) are Bearish with a score of 44.4 percent.

CANADIAN DOLLAR Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 22.5 51.5 24.0
– Percent of Open Interest Shorts: 27.6 51.7 18.6
– Net Position: -7,007 -327 7,334
– Gross Longs: 30,520 70,006 32,660
– Gross Shorts: 37,527 70,333 25,326
– Long to Short Ratio: 0.8 to 1 1.0 to 1 1.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 33.7 68.5 44.4
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -30.7 32.5 -21.5

 


Australian Dollar Futures:

Australian Dollar Forex Futures COT ChartThe Australian Dollar large speculator standing this week came in at a net position of -48,682 contracts in the data reported through Tuesday. This was a weekly decline of -3,236 contracts from the previous week which had a total of -45,446 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 39.7 percent. The commercials are Bullish with a score of 57.0 percent and the small traders (not shown in chart) are Bearish with a score of 46.5 percent.

AUSTRALIAN DOLLAR Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 21.4 63.1 12.8
– Percent of Open Interest Shorts: 53.1 29.9 14.4
– Net Position: -48,682 51,128 -2,446
– Gross Longs: 32,897 97,031 19,659
– Gross Shorts: 81,579 45,903 22,105
– Long to Short Ratio: 0.4 to 1 2.1 to 1 0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 39.7 57.0 46.5
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -18.4 22.6 -25.6

 


New Zealand Dollar Futures:

New Zealand Dollar Forex Futures COT ChartThe New Zealand Dollar large speculator standing this week came in at a net position of -18,724 contracts in the data reported through Tuesday. This was a weekly boost of 597 contracts from the previous week which had a total of -19,321 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 39.8 percent. The commercials are Bullish with a score of 63.3 percent and the small traders (not shown in chart) are Bearish with a score of 21.5 percent.

NEW ZEALAND DOLLAR Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 16.6 76.2 5.0
– Percent of Open Interest Shorts: 50.6 37.4 9.8
– Net Position: -18,724 21,374 -2,650
– Gross Longs: 9,179 42,010 2,762
– Gross Shorts: 27,903 20,636 5,412
– Long to Short Ratio: 0.3 to 1 2.0 to 1 0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 39.8 63.3 21.5
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -32.0 32.2 -20.4

 


Mexican Peso Futures:

Mexican Peso Futures COT ChartThe Mexican Peso large speculator standing this week came in at a net position of 35,449 contracts in the data reported through Tuesday. This was a weekly rise of 5,657 contracts from the previous week which had a total of 29,792 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 42.5 percent. The commercials are Bullish with a score of 56.1 percent and the small traders (not shown in chart) are Bullish with a score of 62.9 percent.

MEXICAN PESO Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 53.8 41.8 3.5
– Percent of Open Interest Shorts: 37.1 60.6 1.3
– Net Position: 35,449 -40,143 4,694
– Gross Longs: 114,480 88,894 7,396
– Gross Shorts: 79,031 129,037 2,702
– Long to Short Ratio: 1.4 to 1 0.7 to 1 2.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 42.5 56.1 62.9
– Strength Index Reading (3 Year Range): Bearish Bullish Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 5.9 -5.8 0.6

 


Brazilian Real Futures:

Brazil Real Futures COT ChartThe Brazilian Real large speculator standing this week came in at a net position of 45,316 contracts in the data reported through Tuesday. This was a weekly gain of 6,602 contracts from the previous week which had a total of 38,714 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 94.9 percent. The commercials are Bearish-Extreme with a score of 4.8 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 92.3 percent.

BRAZIL REAL Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 71.3 22.4 5.9
– Percent of Open Interest Shorts: 10.2 86.7 2.7
– Net Position: 45,316 -47,670 2,354
– Gross Longs: 52,896 16,595 4,372
– Gross Shorts: 7,580 64,265 2,018
– Long to Short Ratio: 7.0 to 1 0.3 to 1 2.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 94.9 4.8 92.3
– Strength Index Reading (3 Year Range): Bullish-Extreme Bearish-Extreme Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 0.7 -0.6 -1.6

 

 


Bitcoin Futures:

Bitcoin Crypto Futures COT ChartThe Bitcoin large speculator standing this week came in at a net position of 403 contracts in the data reported through Tuesday. This was a weekly decline of -446 contracts from the previous week which had a total of 849 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 91.5 percent. The commercials are Bearish with a score of 23.2 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 15.2 percent.

BITCOIN Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 79.6 1.5 9.5
– Percent of Open Interest Shorts: 75.9 6.1 8.6
– Net Position: 403 -503 100
– Gross Longs: 8,680 159 1,033
– Gross Shorts: 8,277 662 933
– Long to Short Ratio: 1.0 to 1 0.2 to 1 1.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 91.5 23.2 15.2
– Strength Index Reading (3 Year Range): Bullish-Extreme Bearish Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 11.3 -20.4 -6.1

 


Article By InvestMacroReceive our weekly COT Reports by Email

*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) were positioned in the futures markets.

The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators) as well as their open interest (contracts open in the market at time of reporting).See CFTC criteria here.

COT Metals Speculators continue to decrease their Gold & Silver bullish bets

By InvestMacro | COT | Data Tables | COT Leaders | Downloads | COT Newsletter

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).

The latest COT data is updated through Tuesday May 31st and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Metals large speculator bets were mostly higher this week as three out of the five metals markets we cover had higher positioning this week while two markets had lower contracts. Leading the gains for metals was Copper (1,608 contracts) with Platinum (878 contracts) and Palladium (339 contracts) also showing a positive week. Meanwhile, leading the declines in speculator bets this week was Gold (-11,224 contracts) while Silver (-106 contracts) also registered lower bets on the week.

Gold positions dropped by over -11,000 contracts this week and have now been lower in nine out of the past twelve weeks. The gold position has declined by a total of -101,799 contracts over that 12-week time period. This weakness has now pushed the gold speculator net standing to the lowest level of the past seventeen weeks, dating back to February 1st.

Silver bets, meanwhile, have fallen for six consecutive weeks and by a total of -32,432 contracts over that period. Silver speculators have bailed out of their bullish positions since early March 3rd when the net position hit a 43-week high at +52,297 contracts. Currently, the net position has fallen all the way down to +13,997 contracts this week which marks the lowest level in the past 155 weeks, dating back to June 11th of 2019.


Strength scores (3-Year range of Speculator positions, from 0 to 100 where above 80 is extreme bullish and below 20 is extreme bearish) show that most of the metals markets are in extreme bearish levels (except Gold which is just above the 20 percent threshold). Strength score trends (or move index, that show 6-week changes in strength scores) shows the recent weakness of all of the metals market. Silver, Gold and Copper have fallen particularly hard in six weeks.


Data Snapshot of Commodity Market Traders | Columns Legend
May-31-2022 OI OI-Index Spec-Net Spec-Index Com-Net COM-Index Smalls-Net Smalls-Index
WTI Crude 1,787,928 9 332,976 10 -373,761 91 40,785 72
Gold 513,722 18 172,589 5 -200,056 95 27,467 32
Silver 147,301 14 13,997 15 -23,861 99 9,864 6
Copper 189,923 19 -18,025 29 15,425 70 2,600 40
Palladium 6,538 1 -3,133 4 3,221 95 -88 39
Platinum 67,964 35 2,363 7 -6,501 96 4,138 20
Natural Gas 1,115,815 7 -110,368 45 59,679 50 50,689 100
Brent 181,699 25 -40,872 43 38,941 58 1,931 35
Heating Oil 349,618 31 6,455 52 -32,434 37 25,979 88
Soybeans 753,373 34 186,078 71 -158,757 34 -27,321 25
Corn 1,564,217 32 404,200 82 -353,348 22 -50,852 14
Coffee 214,170 8 43,015 76 -45,757 28 2,742 17
Sugar 848,463 11 201,680 78 -240,752 23 39,072 56
Wheat 331,136 11 22,309 48 -18,647 33 -3,662 91

 


Gold Comex Futures:

Gold Futures COT ChartThe Gold Comex Futures large speculator standing this week totaled a net position of 172,589 contracts in the data reported through Tuesday. This was a weekly decline of -11,224 contracts from the previous week which had a total of 183,813 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 5.4 percent. The commercials are Bullish-Extreme with a score of 94.9 percent and the small traders (not shown in chart) are Bearish with a score of 32.2 percent.

Gold Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 52.5 26.3 9.1
– Percent of Open Interest Shorts: 18.9 65.3 3.7
– Net Position: 172,589 -200,056 27,467
– Gross Longs: 269,459 135,360 46,639
– Gross Shorts: 96,870 335,416 19,172
– Long to Short Ratio: 2.8 to 1 0.4 to 1 2.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 5.4 94.9 32.2
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -35.1 38.6 -27.6

 


Silver Comex Futures:

Silver Futures COT ChartThe Silver Comex Futures large speculator standing this week totaled a net position of 13,997 contracts in the data reported through Tuesday. This was a weekly decrease of -106 contracts from the previous week which had a total of 14,103 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 15.1 percent. The commercials are Bullish-Extreme with a score of 99.3 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 6.2 percent.

Silver Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 37.7 38.3 16.6
– Percent of Open Interest Shorts: 28.2 54.5 9.9
– Net Position: 13,997 -23,861 9,864
– Gross Longs: 55,545 56,447 24,482
– Gross Shorts: 41,548 80,308 14,618
– Long to Short Ratio: 1.3 to 1 0.7 to 1 1.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 15.1 99.3 6.2
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -43.1 50.9 -38.3

 


Copper Grade #1 Futures:

Copper Futures COT ChartThe Copper Grade #1 Futures large speculator standing this week totaled a net position of -18,025 contracts in the data reported through Tuesday. This was a weekly gain of 1,608 contracts from the previous week which had a total of -19,633 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 29.4 percent. The commercials are Bullish with a score of 70.1 percent and the small traders (not shown in chart) are Bearish with a score of 40.3 percent.

Copper Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 28.1 52.5 9.0
– Percent of Open Interest Shorts: 37.6 44.4 7.7
– Net Position: -18,025 15,425 2,600
– Gross Longs: 53,404 99,692 17,184
– Gross Shorts: 71,429 84,267 14,584
– Long to Short Ratio: 0.7 to 1 1.2 to 1 1.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 29.4 70.1 40.3
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -26.5 30.1 -39.7

 


Platinum Futures:

Platinum Futures COT ChartThe Platinum Futures large speculator standing this week totaled a net position of 2,363 contracts in the data reported through Tuesday. This was a weekly rise of 878 contracts from the previous week which had a total of 1,485 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 6.7 percent. The commercials are Bullish-Extreme with a score of 96.1 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 19.7 percent.

Platinum Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 40.1 40.6 11.8
– Percent of Open Interest Shorts: 36.6 50.2 5.7
– Net Position: 2,363 -6,501 4,138
– Gross Longs: 27,226 27,591 8,034
– Gross Shorts: 24,863 34,092 3,896
– Long to Short Ratio: 1.1 to 1 0.8 to 1 2.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 6.7 96.1 19.7
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -7.4 10.1 -29.9

 


Palladium Futures:

Palladium Futures COT ChartThe Palladium Futures large speculator standing this week totaled a net position of -3,133 contracts in the data reported through Tuesday. This was a weekly increase of 339 contracts from the previous week which had a total of -3,472 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 3.7 percent. The commercials are Bullish-Extreme with a score of 94.8 percent and the small traders (not shown in chart) are Bearish with a score of 38.8 percent.

Palladium Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 12.3 70.6 15.7
– Percent of Open Interest Shorts: 60.2 21.3 17.1
– Net Position: -3,133 3,221 -88
– Gross Longs: 803 4,614 1,029
– Gross Shorts: 3,936 1,393 1,117
– Long to Short Ratio: 0.2 to 1 3.3 to 1 0.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 3.7 94.8 38.8
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -5.4 9.5 -41.1

 


Article By InvestMacroReceive our weekly COT Reports by Email

*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) were positioned in the futures markets.

The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators) as well as their open interest (contracts open in the market at time of reporting).See CFTC criteria here.

Currency Speculators reboot their Euro bullish bets to a 6-Week High

By InvestMacro | COT | Data Tables | COT Leaders | Downloads | COT Newsletter

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).

The latest COT data is updated through Tuesday May 24th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets. All currency positions are in direct relation to the US dollar where, for example, a bet for the euro is a bet that the euro will rise versus the dollar while a bet against the euro will be a bet that the euro will decline versus the dollar.

FX_Net_Specs

Click to Enlarge

Highlighting the COT currency data is the bounce-back for the Euro currency futures contracts. Euro speculative positions jumped by over +18,000 contracts this week and rose for a third consecutive week. This week marked the second time in the past three weeks that speculator positions increased by more than +18,000 contracts (+22,907 contracts on May 10th) and now Euro bets have gained by a total of +45,308 contracts over the past three weeks. The speculator’s bullish position marks the highest standing of the past six weeks at +38,930 contracts.

Euro speculator positions had recently fallen into a bearish speculative level on May 3rd (-6,378 contracts) after dropping by a total of -45,438 contracts from April 19th to May 3rd. This was the first bearish position for the Euro since early January. The speculator sentiment has been weaker so far in 2022 compared to preceding years as Euro bets are averaging just +29,199 weekly contracts in 2022. This compares to the Euro bets average of +60,837 weekly contracts over 2021 and an average of +92,464 weekly contracts over 2020.

The recent improvement in Euro positions comes amid increasing expectations for the European Central Bank to start raising interest rates higher and end their negative interest rate regime in the third quarter. The Euro exchange rate recently hit its lowest level versus the US Dollar since January of 2017 with a drop to approximately 1.350 (EUR/USD) on May 13th. Since then, the Euro has rallied over the past couple of weeks and closed Friday at the 1.0733 exchange rate.

Overall, the currencies with higher speculator bets this week were the Euro (18,591 contracts), US Dollar Index (1,826 contracts), Japanese yen (2,865 contracts), Brazil real (619 contracts), Canadian dollar (1,809 contracts), Mexican peso (1,577 contracts) and Bitcoin (43 contracts).

The currencies with declining bets were the Australian dollar (-804 contracts), Swiss franc (-3,081 contracts), British pound sterling (-1,131 contracts) and the New Zealand dollar (-1,554 contracts).


Speculator strength standings for each market where strength index is current net position compared to past three years, above 80 is bullish extreme, below 20 is bearish extreme

  • OI Strength = Current Open Interest level compared to last 3 years range
  • Spec Strength = Current Net Speculator level compared to last 3 years range
  • Strength Move = Six week change of Spec Strength

Data Snapshot of Forex Market Traders | Columns Legend
May-24-2022 OI OI-Index Spec-Net Spec-Index Com-Net COM-Index Smalls-Net Smalls-Index
USD Index 61,857 93 38,039 91 -40,877 7 2,838 48
EUR 708,938 86 38,930 47 -72,600 55 33,670 30
GBP 253,864 73 -80,372 16 97,042 87 -16,670 21
JPY 237,256 80 -99,444 8 106,699 88 -7,255 39
CHF 49,918 38 -19,673 31 31,694 76 -12,021 17
CAD 138,508 22 -12,687 30 6,933 71 5,754 41
AUD 158,615 51 -45,446 43 53,269 59 -7,823 33
NZD 59,279 61 -19,321 39 22,703 65 -3,382 13
MXN 177,125 39 29,792 40 -34,352 58 4,560 62
RUB 20,930 4 7,543 31 -7,150 69 -393 24
BRL 63,976 59 38,714 88 -40,501 12 1,787 86
Bitcoin 11,729 64 849 100 -817 0 -32 12

 


US Dollar Index Futures:

US Dollar Index Forex Futures COT ChartThe US Dollar Index large speculator standing this week was a net position of 38,039 contracts in the data reported through Tuesday. This was a weekly gain of 1,826 contracts from the previous week which had a total of 36,213 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 91.4 percent. The commercials are Bearish-Extreme with a score of 6.7 percent and the small traders (not shown in chart) are Bearish with a score of 47.6 percent.

US DOLLAR INDEX Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 86.8 3.5 8.2
– Percent of Open Interest Shorts: 25.3 69.6 3.6
– Net Position: 38,039 -40,877 2,838
– Gross Longs: 53,675 2,157 5,076
– Gross Shorts: 15,636 43,034 2,238
– Long to Short Ratio: 3.4 to 1 0.1 to 1 2.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 91.4 6.7 47.6
– Strength Index Reading (3 Year Range): Bullish-Extreme Bearish-Extreme Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 14.5 -8.0 -39.1

 


Euro Currency Futures:

Euro Currency Futures COT ChartThe Euro Currency large speculator standing this week was a net position of 38,930 contracts in the data reported through Tuesday. This was a weekly lift of 18,591 contracts from the previous week which had a total of 20,339 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 47.0 percent. The commercials are Bullish with a score of 55.4 percent and the small traders (not shown in chart) are Bearish with a score of 30.2 percent.

EURO Currency Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 33.4 51.7 12.4
– Percent of Open Interest Shorts: 27.9 61.9 7.6
– Net Position: 38,930 -72,600 33,670
– Gross Longs: 237,072 366,345 87,892
– Gross Shorts: 198,142 438,945 54,222
– Long to Short Ratio: 1.2 to 1 0.8 to 1 1.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 47.0 55.4 30.2
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -0.0 -3.4 19.8

 


British Pound Sterling Futures:

British Pound Sterling Futures COT ChartThe British Pound Sterling large speculator standing this week was a net position of -80,372 contracts in the data reported through Tuesday. This was a weekly decline of -1,131 contracts from the previous week which had a total of -79,241 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 16.1 percent. The commercials are Bullish-Extreme with a score of 87.1 percent and the small traders (not shown in chart) are Bearish with a score of 21.1 percent.

BRITISH POUND Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 10.2 80.3 7.5
– Percent of Open Interest Shorts: 41.9 42.1 14.1
– Net Position: -80,372 97,042 -16,670
– Gross Longs: 25,936 203,802 19,107
– Gross Shorts: 106,308 106,760 35,777
– Long to Short Ratio: 0.2 to 1 1.9 to 1 0.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 16.1 87.1 21.1
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -19.7 15.4 2.5

 


Japanese Yen Futures:

Japanese Yen Forex Futures COT ChartThe Japanese Yen large speculator standing this week was a net position of -99,444 contracts in the data reported through Tuesday. This was a weekly lift of 2,865 contracts from the previous week which had a total of -102,309 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 7.6 percent. The commercials are Bullish-Extreme with a score of 87.7 percent and the small traders (not shown in chart) are Bearish with a score of 38.7 percent.

JAPANESE YEN Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 7.0 81.0 10.5
– Percent of Open Interest Shorts: 48.9 36.0 13.5
– Net Position: -99,444 106,699 -7,255
– Gross Longs: 16,567 192,215 24,858
– Gross Shorts: 116,011 85,516 32,113
– Long to Short Ratio: 0.1 to 1 2.2 to 1 0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 7.6 87.7 38.7
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 7.6 -12.3 26.0

 


Swiss Franc Futures:

Swiss Franc Forex Futures COT ChartThe Swiss Franc large speculator standing this week was a net position of -19,673 contracts in the data reported through Tuesday. This was a weekly fall of -3,081 contracts from the previous week which had a total of -16,592 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 30.8 percent. The commercials are Bullish with a score of 76.2 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 16.8 percent.

SWISS FRANC Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 2.7 80.0 16.6
– Percent of Open Interest Shorts: 42.1 16.5 40.7
– Net Position: -19,673 31,694 -12,021
– Gross Longs: 1,355 39,913 8,308
– Gross Shorts: 21,028 8,219 20,329
– Long to Short Ratio: 0.1 to 1 4.9 to 1 0.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 30.8 76.2 16.8
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -10.8 12.1 -12.4

 


Canadian Dollar Futures:

Canadian Dollar Forex Futures COT ChartThe Canadian Dollar large speculator standing this week was a net position of -12,687 contracts in the data reported through Tuesday. This was a weekly increase of 1,809 contracts from the previous week which had a total of -14,496 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 30.4 percent. The commercials are Bullish with a score of 71.1 percent and the small traders (not shown in chart) are Bearish with a score of 41.2 percent.

CANADIAN DOLLAR Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 20.9 54.1 23.1
– Percent of Open Interest Shorts: 30.1 49.1 19.0
– Net Position: -12,687 6,933 5,754
– Gross Longs: 28,999 74,953 32,048
– Gross Shorts: 41,686 68,020 26,294
– Long to Short Ratio: 0.7 to 1 1.1 to 1 1.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 30.4 71.1 41.2
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -25.9 32.1 -30.9

 


Australian Dollar Futures:

Australian Dollar Forex Futures COT ChartThe Australian Dollar large speculator standing this week was a net position of -45,446 contracts in the data reported through Tuesday. This was a weekly fall of -804 contracts from the previous week which had a total of -44,642 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 42.7 percent. The commercials are Bullish with a score of 58.6 percent and the small traders (not shown in chart) are Bearish with a score of 33.4 percent.

AUSTRALIAN DOLLAR Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 23.1 62.7 11.7
– Percent of Open Interest Shorts: 51.7 29.1 16.7
– Net Position: -45,446 53,269 -7,823
– Gross Longs: 36,579 99,401 18,615
– Gross Shorts: 82,025 46,132 26,438
– Long to Short Ratio: 0.4 to 1 2.2 to 1 0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 42.7 58.6 33.4
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -15.5 26.4 -45.5

 


New Zealand Dollar Futures:

New Zealand Dollar Forex Futures COT ChartThe New Zealand Dollar large speculator standing this week was a net position of -19,321 contracts in the data reported through Tuesday. This was a weekly fall of -1,554 contracts from the previous week which had a total of -17,767 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 38.8 percent. The commercials are Bullish with a score of 65.4 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 13.1 percent.

NEW ZEALAND DOLLAR Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 18.1 76.7 3.7
– Percent of Open Interest Shorts: 50.7 38.4 9.4
– Net Position: -19,321 22,703 -3,382
– Gross Longs: 10,749 45,458 2,202
– Gross Shorts: 30,070 22,755 5,584
– Long to Short Ratio: 0.4 to 1 2.0 to 1 0.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 38.8 65.4 13.1
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -31.9 35.7 -46.9

 


Mexican Peso Futures:

Mexican Peso Futures COT ChartThe Mexican Peso large speculator standing this week was a net position of 29,792 contracts in the data reported through Tuesday. This was a weekly advance of 1,577 contracts from the previous week which had a total of 28,215 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 40.1 percent. The commercials are Bullish with a score of 58.5 percent and the small traders (not shown in chart) are Bullish with a score of 62.4 percent.

MEXICAN PESO Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 46.9 47.7 4.3
– Percent of Open Interest Shorts: 30.1 67.1 1.7
– Net Position: 29,792 -34,352 4,560
– Gross Longs: 83,031 84,474 7,605
– Gross Shorts: 53,239 118,826 3,045
– Long to Short Ratio: 1.6 to 1 0.7 to 1 2.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 40.1 58.5 62.4
– Strength Index Reading (3 Year Range): Bearish Bullish Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 6.3 -6.2 -0.1

 


Brazilian Real Futures:

Brazil Real Futures COT ChartThe Brazilian Real large speculator standing this week was a net position of 38,714 contracts in the data reported through Tuesday. This was a weekly advance of 619 contracts from the previous week which had a total of 38,095 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 88.4 percent. The commercials are Bearish-Extreme with a score of 11.8 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 85.7 percent.

BRAZIL REAL Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 70.5 22.1 6.0
– Percent of Open Interest Shorts: 9.9 85.4 3.2
– Net Position: 38,714 -40,501 1,787
– Gross Longs: 45,076 14,132 3,826
– Gross Shorts: 6,362 54,633 2,039
– Long to Short Ratio: 7.1 to 1 0.3 to 1 1.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 88.4 11.8 85.7
– Strength Index Reading (3 Year Range): Bullish-Extreme Bearish-Extreme Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -7.3 8.2 -12.2

 


Bitcoin Futures:

Bitcoin Crypto Futures COT ChartThe Bitcoin large speculator standing this week was a net position of 849 contracts in the data reported through Tuesday. This was a weekly advance of 43 contracts from the previous week which had a total of 806 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 100.0 percent. The commercials are Bearish-Extreme with a score of 3.6 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 12.2 percent.

BITCOIN Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 82.9 1.2 9.1
– Percent of Open Interest Shorts: 75.7 8.2 9.4
– Net Position: 849 -817 -32
– Gross Longs: 9,723 141 1,072
– Gross Shorts: 8,874 958 1,104
– Long to Short Ratio: 1.1 to 1 0.1 to 1 1.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 100.0 3.6 12.2
– Strength Index Reading (3 Year Range): Bullish-Extreme Bearish-Extreme Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 13.0 -23.6 -6.9

 


Article By InvestMacroReceive our weekly COT Reports by Email

*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) were positioned in the futures markets.

The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators) as well as their open interest (contracts open in the market at time of reporting).See CFTC criteria here.

COT Metals Speculators raise bets for Copper and Gold after multi-week slides

By InvestMacro | COT | Data Tables | COT Leaders | Downloads | COT Newsletter

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).

The latest COT data is updated through Tuesday May 24th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Highlighting the COT metals data is the bounce-back in Gold and Copper speculator bets after multiple down weeks for both of these metals. Copper positions saw a small turnaround with a +4,775 contract gain this week after falling for six consecutive weeks which amounted to a total drop by -60,550 net positions from April 12th to May 17th. Copper has been particularly hard hit by the lockdowns in China and the effect that it has had on the industrial and manufacturing economy there. Copper speculator bets have now been oscillating at the lowest levels in approximately two years.

Gold positions, meanwhile, rose by +8,453 contracts this week after declining in the previous five weeks and by a total of -78,927 contracts in that period. Gold bullish bets are under the +200,000 net contract level for a fourth straight week after spending the previous ten weeks above that threshold. Currently in 2022, Gold positions are averaging +221,416 weekly contracts so far compared to an average of +204,623 weekly contracts over 2021 and an average of +262,052 weekly contracts over 2020.

Overall, the markets with higher speculator bets this week were Gold (8,453 contracts) and Copper (4,775 contracts) while the markets with declining speculator bets this week were Silver (-2,011 contracts), Platinum (-718 contracts) and Palladium (-257 contracts).


Speculator strength standings for each market where strength index is current net position compared to past three years, above 80 is bullish extreme, below 20 is bearish extreme

  • OI Strength = Current Open Interest level compared to last 3 years range
  • Spec Strength = Current Net Speculator level compared to last 3 years range
  • Strength Move = Six week change of Spec Strength

Data Snapshot of Commodity Market Traders | Columns Legend
May-24-2022 OI OI-Index Spec-Net Spec-Index Com-Net COM-Index Smalls-Net Smalls-Index
WTI Crude 1,711,863 0 334,761 11 -374,627 91 39,866 71
Gold 530,098 22 183,813 14 -211,947 82 28,134 37
Silver 146,456 13 14,103 26 -23,297 88 9,194 3
Copper 186,433 17 -19,633 28 19,288 73 345 27
Palladium 7,919 7 -3,472 2 3,800 98 -328 25
Platinum 65,824 32 1,485 5 -6,683 96 5,198 34
Natural Gas 1,107,496 6 -111,570 45 63,847 51 47,723 93
Brent 183,629 27 -39,289 45 37,488 56 1,801 34
Heating Oil 349,618 31 6,455 52 -32,434 37 25,979 88
Soybeans 729,900 28 188,368 72 -159,047 34 -29,321 21
Corn 1,544,885 29 427,848 85 -372,522 19 -55,326 11
Coffee 211,266 5 37,072 71 -38,484 34 1,412 4
Sugar 847,420 11 209,487 80 -255,450 20 45,963 65
Wheat 326,607 8 26,344 53 -24,339 25 -2,005 100

 


Gold Comex Futures:

Gold Futures COT ChartThe Gold Comex Futures large speculator standing this week was a net position of 183,813 contracts in the data reported through Tuesday. This was a weekly boost of 8,453 contracts from the previous week which had a total of 175,360 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 14.0 percent. The commercials are Bullish-Extreme with a score of 81.5 percent and the small traders (not shown in chart) are Bearish with a score of 37.2 percent.

Gold Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 53.2 24.6 8.9
– Percent of Open Interest Shorts: 18.6 64.6 3.6
– Net Position: 183,813 -211,947 28,134
– Gross Longs: 282,202 130,364 47,411
– Gross Shorts: 98,389 342,311 19,277
– Long to Short Ratio: 2.9 to 1 0.4 to 1 2.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 14.0 81.5 37.2
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -35.7 35.7 -18.1

 


Silver Comex Futures:

Silver Futures COT ChartThe Silver Comex Futures large speculator standing this week was a net position of 14,103 contracts in the data reported through Tuesday. This was a weekly reduction of -2,011 contracts from the previous week which had a total of 16,114 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 26.1 percent. The commercials are Bullish-Extreme with a score of 87.6 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 2.6 percent.

Silver Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 40.1 38.9 15.7
– Percent of Open Interest Shorts: 30.5 54.8 9.5
– Net Position: 14,103 -23,297 9,194
– Gross Longs: 58,748 56,910 23,064
– Gross Shorts: 44,645 80,207 13,870
– Long to Short Ratio: 1.3 to 1 0.7 to 1 1.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 26.1 87.6 2.6
– Strength Index Reading (3 Year Range): Bearish Bullish-Extreme Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -36.9 45.6 -46.6

 


Copper Grade #1 Futures:

Copper Futures COT ChartThe Copper Grade #1 Futures large speculator standing this week was a net position of -19,633 contracts in the data reported through Tuesday. This was a weekly gain of 4,775 contracts from the previous week which had a total of -24,408 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 28.2 percent. The commercials are Bullish with a score of 72.7 percent and the small traders (not shown in chart) are Bearish with a score of 27.3 percent.

Copper Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 29.0 53.3 8.0
– Percent of Open Interest Shorts: 39.6 42.9 7.9
– Net Position: -19,633 19,288 345
– Gross Longs: 54,130 99,318 14,993
– Gross Shorts: 73,763 80,030 14,648
– Long to Short Ratio: 0.7 to 1 1.2 to 1 1.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 28.2 72.7 27.3
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -30.9 33.4 -32.1

 


Platinum Futures:

Platinum Futures COT ChartThe Platinum Futures large speculator standing this week was a net position of 1,485 contracts in the data reported through Tuesday. This was a weekly reduction of -718 contracts from the previous week which had a total of 2,203 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 5.5 percent. The commercials are Bullish-Extreme with a score of 95.8 percent and the small traders (not shown in chart) are Bearish with a score of 34.5 percent.

Platinum Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 39.6 41.0 13.0
– Percent of Open Interest Shorts: 37.3 51.2 5.1
– Net Position: 1,485 -6,683 5,198
– Gross Longs: 26,052 27,002 8,533
– Gross Shorts: 24,567 33,685 3,335
– Long to Short Ratio: 1.1 to 1 0.8 to 1 2.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 5.5 95.8 34.5
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -7.0 9.0 -22.7

 


Palladium Futures:

Palladium Futures COT ChartThe Palladium Futures large speculator standing this week was a net position of -3,472 contracts in the data reported through Tuesday. This was a weekly decline of -257 contracts from the previous week which had a total of -3,215 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 1.7 percent. The commercials are Bullish-Extreme with a score of 98.1 percent and the small traders (not shown in chart) are Bearish with a score of 24.9 percent.

Palladium Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 9.2 70.1 12.3
– Percent of Open Interest Shorts: 53.0 22.2 16.4
– Net Position: -3,472 3,800 -328
– Gross Longs: 729 5,555 974
– Gross Shorts: 4,201 1,755 1,302
– Long to Short Ratio: 0.2 to 1 3.2 to 1 0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 1.7 98.1 24.9
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -8.2 13.7 -55.5

 


Article By InvestMacroReceive our weekly COT Reports by Email

*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) were positioned in the futures markets.

The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators) as well as their open interest (contracts open in the market at time of reporting).See CFTC criteria here.

Forex Speculators weaken Commodity Currency sentiment over last month

By InvestMacro | COT | Data Tables | COT Leaders | Downloads | COT Newsletter

Click for larger image

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).

The latest COT data is updated through Tuesday May 17th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets. All currency positions are in direct relation to the US dollar where, for example, a bet for the euro is a bet that the euro will rise versus the dollar while a bet against the euro will be a bet that the euro will decline versus the dollar.

Highlighting the COT currency data was the commodity currency speculator positions that have been on the defensive in recent weeks. Canadian dollar positions declined for a fourth straight week this week and have fallen by a total of -35,722 contracts over the past four weeks. This has pushed the overall speculator standing into a bearish position for a second straight week and to the most bearish level since October 2021. Previously, from the middle of January, CAD positions had started to trend higher and mostly maintained a bullish position into April, reaching a 40-week high on April 19th before seeing speculator sentiment weaken (-14,496 contracts this week).

Australian dollar spec positions slipped for a third straight week this week and the overall speculator position has now hit a 7-week low. Aussie positions have maintained a bearish speculator bias since last May (52 consecutive weeks in bearish territory) but had recently seen a reprieve of the weak sentiment. Aussie positions improved strongly from late-February to late-April with a 10-week contract rise of +59,043 positions from February 22nd to April 26th. The speculator positions hit the least bearish level (on April 26th) of the previous 42 weeks before these past 3 weeks has seen speculators re-up their bearish levels.

New Zealand dollar speculators also added to their bearish bets for a fourth straight week and have now pushed the position to the most bearish level since March 17th of 2020, a span of 113 weeks. Kiwi speculator positions had spent almost all of 2021 in bullish levels but spec bets started to falter at the end of the year and into the new year (through early March). Recently, positions had turned positive to bullish positioning in the middle of March and again later in April before turning lower in recent weeks. The NZD speculator sentiment has now been in bearish territory for the past three weeks after dropping by a total of -18,132 contracts from April 26th to this week.

Overall, the currencies with higher speculator bets this week were the US Dollar Index (1,437 contracts), Japanese yen (8,145 contracts), Euro (3,810 contracts), British pound sterling (357 contracts), Bitcoin (103 contracts) and the Mexican peso (11,490 contracts).

The currencies with declining bets were the New Zealand dollar (-4,771 contracts), Canadian dollar (-9,089 contracts), Australian dollar (-2,928 contracts), Brazil real (-2,683 contracts) and the Swiss franc (-829 contracts).


Speculator strength standings for each Commodity where strength index is current net position compared to past three years, above 80 is bullish extreme, below 20 is bearish extreme OI Strength = Current Open Interest level compared to last 3 years range Spec Strength = Current Net Speculator level compared to last 3 years range Strength Move = Six week change of Spec Strength


Data Snapshot of Forex Market Traders | Columns Legend
May-17-2022 OI OI-Index Spec-Net Spec-Index Com-Net COM-Index Smalls-Net Smalls-Index
USD Index 61,899 93 36,213 88 -39,506 9 3,293 53
EUR 706,712 85 20,339 41 -51,517 61 31,178 26
GBP 253,811 73 -79,241 17 94,344 85 -15,103 24
JPY 241,308 83 -102,309 6 115,062 92 -12,753 28
CHF 53,291 42 -16,592 37 31,181 72 -14,589 14
CAD 151,585 31 -14,496 28 12,591 75 1,905 34
AUD 163,809 55 -44,642 43 54,437 59 -9,795 29
NZD 60,804 64 -17,767 41 21,390 63 -3,623 10
MXN 170,924 36 28,215 39 -32,249 59 4,034 60
RUB 20,930 4 7,543 31 -7,150 69 -393 24
BRL 55,990 48 38,095 88 -39,436 13 1,341 80
Bitcoin 11,644 63 806 100 -875 0 69 15

 


US Dollar Index Futures:

US Dollar Index Forex Futures COT ChartThe US Dollar Index large speculator standing this week resulted in a net position of 36,213 contracts in the data reported through Tuesday. This was a weekly rise of 1,437 contracts from the previous week which had a total of 34,776 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 88.2 percent. The commercials are Bearish-Extreme with a score of 9.0 percent and the small traders (not shown in chart) are Bullish with a score of 52.5 percent.

US DOLLAR INDEX Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 86.5 3.4 8.8
– Percent of Open Interest Shorts: 28.0 67.2 3.5
– Net Position: 36,213 -39,506 3,293
– Gross Longs: 53,519 2,105 5,449
– Gross Shorts: 17,306 41,611 2,156
– Long to Short Ratio: 3.1 to 1 0.1 to 1 2.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 88.2 9.0 52.5
– Strength Index Reading (3 Year Range): Bullish-Extreme Bearish-Extreme Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 7.5 -7.2 -0.5

 


Euro Currency Futures:

Euro Currency Futures COT ChartThe Euro Currency large speculator standing this week resulted in a net position of 20,339 contracts in the data reported through Tuesday. This was a weekly boost of 3,810 contracts from the previous week which had a total of 16,529 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 41.2 percent. The commercials are Bullish with a score of 61.4 percent and the small traders (not shown in chart) are Bearish with a score of 26.0 percent.

EURO Currency Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 32.7 52.7 12.1
– Percent of Open Interest Shorts: 29.8 59.9 7.7
– Net Position: 20,339 -51,517 31,178
– Gross Longs: 230,770 372,113 85,455
– Gross Shorts: 210,431 423,630 54,277
– Long to Short Ratio: 1.1 to 1 0.9 to 1 1.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 41.2 61.4 26.0
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -2.2 -0.5 14.8

 


British Pound Sterling Futures:

British Pound Sterling Futures COT ChartThe British Pound Sterling large speculator standing this week resulted in a net position of -79,241 contracts in the data reported through Tuesday. This was a weekly advance of 357 contracts from the previous week which had a total of -79,598 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 16.9 percent. The commercials are Bullish-Extreme with a score of 85.5 percent and the small traders (not shown in chart) are Bearish with a score of 24.3 percent.

BRITISH POUND Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 10.5 79.4 8.2
– Percent of Open Interest Shorts: 41.7 42.3 14.1
– Net Position: -79,241 94,344 -15,103
– Gross Longs: 26,613 201,647 20,811
– Gross Shorts: 105,854 107,303 35,914
– Long to Short Ratio: 0.3 to 1 1.9 to 1 0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 16.9 85.5 24.3
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -27.0 21.6 1.9

 


Japanese Yen Futures:

Japanese Yen Forex Futures COT ChartThe Japanese Yen large speculator standing this week resulted in a net position of -102,309 contracts in the data reported through Tuesday. This was a weekly advance of 8,145 contracts from the previous week which had a total of -110,454 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 5.9 percent. The commercials are Bullish-Extreme with a score of 91.8 percent and the small traders (not shown in chart) are Bearish with a score of 27.5 percent.

JAPANESE YEN Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 5.0 84.7 8.7
– Percent of Open Interest Shorts: 47.4 37.0 14.0
– Net Position: -102,309 115,062 -12,753
– Gross Longs: 12,113 204,417 20,933
– Gross Shorts: 114,422 89,355 33,686
– Long to Short Ratio: 0.1 to 1 2.3 to 1 0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 5.9 91.8 27.5
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 0.9 -5.0 17.6

 


Swiss Franc Futures:

Swiss Franc Forex Futures COT ChartThe Swiss Franc large speculator standing this week resulted in a net position of -16,592 contracts in the data reported through Tuesday. This was a weekly reduction of -829 contracts from the previous week which had a total of -15,763 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 36.6 percent. The commercials are Bullish with a score of 72.3 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 13.8 percent.

SWISS FRANC Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 9.8 74.5 15.2
– Percent of Open Interest Shorts: 41.0 16.0 42.6
– Net Position: -16,592 31,181 -14,589
– Gross Longs: 5,240 39,722 8,094
– Gross Shorts: 21,832 8,541 22,683
– Long to Short Ratio: 0.2 to 1 4.7 to 1 0.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 36.6 72.3 13.8
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -7.9 12.9 -19.8

 


Canadian Dollar Futures:

Canadian Dollar Forex Futures COT ChartThe Canadian Dollar large speculator standing this week resulted in a net position of -14,496 contracts in the data reported through Tuesday. This was a weekly reduction of -9,089 contracts from the previous week which had a total of -5,407 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 28.5 percent. The commercials are Bullish with a score of 75.0 percent and the small traders (not shown in chart) are Bearish with a score of 33.6 percent.

CANADIAN DOLLAR Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 23.8 52.7 20.6
– Percent of Open Interest Shorts: 33.4 44.4 19.3
– Net Position: -14,496 12,591 1,905
– Gross Longs: 36,069 79,825 31,228
– Gross Shorts: 50,565 67,234 29,323
– Long to Short Ratio: 0.7 to 1 1.2 to 1 1.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 28.5 75.0 33.6
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -22.4 33.9 -43.0

 


Australian Dollar Futures:

Australian Dollar Forex Futures COT ChartThe Australian Dollar large speculator standing this week resulted in a net position of -44,642 contracts in the data reported through Tuesday. This was a weekly decrease of -2,928 contracts from the previous week which had a total of -41,714 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 43.4 percent. The commercials are Bullish with a score of 59.5 percent and the small traders (not shown in chart) are Bearish with a score of 28.5 percent.

AUSTRALIAN DOLLAR Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 25.3 60.4 11.7
– Percent of Open Interest Shorts: 52.6 27.1 17.7
– Net Position: -44,642 54,437 -9,795
– Gross Longs: 41,473 98,903 19,187
– Gross Shorts: 86,115 44,466 28,982
– Long to Short Ratio: 0.5 to 1 2.2 to 1 0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 43.4 59.5 28.5
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -6.6 24.0 -60.9

 


New Zealand Dollar Futures:

New Zealand Dollar Forex Futures COT ChartThe New Zealand Dollar large speculator standing this week resulted in a net position of -17,767 contracts in the data reported through Tuesday. This was a weekly decrease of -4,771 contracts from the previous week which had a total of -12,996 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 41.5 percent. The commercials are Bullish with a score of 63.4 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 10.4 percent.

NEW ZEALAND DOLLAR Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 24.7 71.1 3.9
– Percent of Open Interest Shorts: 53.9 35.9 9.8
– Net Position: -17,767 21,390 -3,623
– Gross Longs: 14,998 43,219 2,358
– Gross Shorts: 32,765 21,829 5,981
– Long to Short Ratio: 0.5 to 1 2.0 to 1 0.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 41.5 63.4 10.4
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -27.2 32.7 -57.5

 


Mexican Peso Futures:

Mexican Peso Futures COT ChartThe Mexican Peso large speculator standing this week resulted in a net position of 28,215 contracts in the data reported through Tuesday. This was a weekly gain of 11,490 contracts from the previous week which had a total of 16,725 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 39.4 percent. The commercials are Bullish with a score of 59.4 percent and the small traders (not shown in chart) are Bullish with a score of 60.1 percent.

MEXICAN PESO Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 45.5 49.1 4.1
– Percent of Open Interest Shorts: 29.0 67.9 1.7
– Net Position: 28,215 -32,249 4,034
– Gross Longs: 77,819 83,844 7,000
– Gross Shorts: 49,604 116,093 2,966
– Long to Short Ratio: 1.6 to 1 0.7 to 1 2.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 39.4 59.4 60.1
– Strength Index Reading (3 Year Range): Bearish Bullish Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 11.6 -11.0 -3.5

 


Brazilian Real Futures:

Brazil Real Futures COT ChartThe Brazilian Real large speculator standing this week resulted in a net position of 38,095 contracts in the data reported through Tuesday. This was a weekly decline of -2,683 contracts from the previous week which had a total of 40,778 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 87.8 percent. The commercials are Bearish-Extreme with a score of 12.8 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 80.5 percent.

BRAZIL REAL Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 76.8 16.9 6.1
– Percent of Open Interest Shorts: 8.7 87.3 3.7
– Net Position: 38,095 -39,436 1,341
– Gross Longs: 42,989 9,470 3,438
– Gross Shorts: 4,894 48,906 2,097
– Long to Short Ratio: 8.8 to 1 0.2 to 1 1.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 87.8 12.8 80.5
– Strength Index Reading (3 Year Range): Bullish-Extreme Bearish-Extreme Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -7.3 8.3 -12.8

 


Bitcoin Futures:

Bitcoin Crypto Futures COT ChartThe Bitcoin large speculator standing this week resulted in a net position of 806 contracts in the data reported through Tuesday. This was a weekly gain of 103 contracts from the previous week which had a total of 703 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 100.0 percent. The commercials are Bearish-Extreme with a score of 0.0 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 14.5 percent.

BITCOIN Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 82.1 1.7 9.3
– Percent of Open Interest Shorts: 75.2 9.2 8.7
– Net Position: 806 -875 69
– Gross Longs: 9,564 194 1,081
– Gross Shorts: 8,758 1,069 1,012
– Long to Short Ratio: 1.1 to 1 0.2 to 1 1.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 100.0 0.0 14.5
– Strength Index Reading (3 Year Range): Bullish-Extreme Bearish-Extreme Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 20.1 -29.8 -13.0

 


Article By InvestMacroReceive our weekly COT Reports by Email

*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) were positioned in the futures markets.

The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators) as well as their open interest (contracts open in the market at time of reporting).See CFTC criteria here.

 

COT Metals Speculators have cooled off their Gold and Copper bets

By InvestMacro | COT | Data Tables | COT Leaders | Downloads | COT Newsletter

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).

The latest COT data is updated through Tuesday May 17th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Highlighting the COT metals data is the recent decrease in the Gold and Copper speculative positions. Gold speculator bets fell this week for the fifth straight week and for the eighth time in the past ten weeks as sentiment for the shiny metal has dulled over the past few months. This latest 5-week decline has amounted to a total reduction of -78,927 contracts from the speculator position. The current speculator standing for Gold remains in bullish position but has descended to lowest level of the past fifteen weeks (at +175,360 contracts), dating back to early February.

Despite the speculator decline, the gold price rebounded by over 1 percent this week (close near $1,842 per ounce) following four straight weeks of decline that brought the Gold futures price down from a high of over $2,000 per ounce in mid-April to roughly $1,800 per ounce to close out last week.

Copper speculator bets have also cooled over the past couple months and fell this week for the sixth consecutive week. This decline has taken a whopping -60,550 contracts off the speculator position and has dropped the spec level from +36,142 contracts on April 5th to -24,408 contracts this week. This week’s total marks the lowest level for Copper bets in the past 109 weeks, dating back to April 14th of 2020. The slowdown in the Chinese economy and the Covid shutdowns in China have put a dent in the Copper sentiment as China is one of the largest world producers of Copper and is the largest consumer of Copper in the world.

Overall, the markets with higher speculator bets this week were just Platinum (840 contracts) and Palladium (30 contracts).

The markets with declining speculator bets this week were Gold (-17,955 contracts), Silver (-2,968 contracts) and Copper (-1,782 contracts).


Data Snapshot of Commodity Market Traders | Columns Legend
May-17-2022 OI OI-Index Spec-Net Spec-Index Com-Net COM-Index Smalls-Net Smalls-Index
WTI Crude 1,730,665 0 325,637 7 -363,869 95 38,232 69
Gold 555,756 30 175,360 33 -206,879 65 31,519 48
Silver 144,534 11 16,114 38 -24,841 75 8,727 0
Copper 189,483 19 -24,408 25 23,059 75 1,349 33
Palladium 9,114 13 -3,215 3 3,621 97 -406 20
Platinum 65,926 32 2,203 7 -6,697 96 4,494 25
Natural Gas 1,118,417 8 -115,012 44 64,340 51 50,672 100
Brent 176,861 21 -34,867 53 32,127 47 2,740 46
Heating Oil 349,618 31 6,455 52 -32,434 37 25,979 88
Soybeans 709,144 24 183,647 73 -156,937 33 -26,710 26
Corn 1,548,438 29 473,743 91 -424,756 11 -48,987 15
Coffee 206,106 0 38,487 72 -40,949 32 2,462 13
Sugar 825,281 6 196,630 77 -245,374 22 48,744 68
Wheat 326,651 8 28,806 57 -26,020 23 -2,786 98

 


Gold Comex Futures:

Gold Futures COT ChartThe Gold Comex Futures large speculator standing this week came in at a net position of 175,360 contracts in the data reported through Tuesday. This was a weekly reduction of -17,955 contracts from the previous week which had a total of 193,315 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 33.2 percent. The commercials are Bullish with a score of 64.8 percent and the small traders (not shown in chart) are Bearish with a score of 48.0 percent.

Gold Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 50.9 24.8 9.1
– Percent of Open Interest Shorts: 19.4 62.0 3.4
– Net Position: 175,360 -206,879 31,519
– Gross Longs: 283,011 137,687 50,588
– Gross Shorts: 107,651 344,566 19,069
– Long to Short Ratio: 2.6 to 1 0.4 to 1 2.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 33.2 64.8 48.0
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -26.3 26.1 -5.4

 


Silver Comex Futures:

Silver Futures COT ChartThe Silver Comex Futures large speculator standing this week came in at a net position of 16,114 contracts in the data reported through Tuesday. This was a weekly decline of -2,968 contracts from the previous week which had a total of 19,082 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 38.4 percent. The commercials are Bullish with a score of 74.5 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 0.0 percent.

Silver Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 41.4 37.6 16.0
– Percent of Open Interest Shorts: 30.3 54.7 10.0
– Net Position: 16,114 -24,841 8,727
– Gross Longs: 59,857 54,287 23,121
– Gross Shorts: 43,743 79,128 14,394
– Long to Short Ratio: 1.4 to 1 0.7 to 1 1.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 38.4 74.5 0.0
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -28.8 34.5 -34.4

 


Copper Grade #1 Futures:

Copper Futures COT ChartThe Copper Grade #1 Futures large speculator standing this week came in at a net position of -24,408 contracts in the data reported through Tuesday. This was a weekly decrease of -1,782 contracts from the previous week which had a total of -22,626 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 24.8 percent. The commercials are Bullish with a score of 75.3 percent and the small traders (not shown in chart) are Bearish with a score of 33.1 percent.

Copper Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 28.1 53.6 8.3
– Percent of Open Interest Shorts: 40.9 41.4 7.6
– Net Position: -24,408 23,059 1,349
– Gross Longs: 53,159 101,533 15,747
– Gross Shorts: 77,567 78,474 14,398
– Long to Short Ratio: 0.7 to 1 1.3 to 1 1.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 24.8 75.3 33.1
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -43.6 45.4 -32.1

 


Platinum Futures:

Platinum Futures COT ChartThe Platinum Futures large speculator standing this week came in at a net position of 2,203 contracts in the data reported through Tuesday. This was a weekly advance of 840 contracts from the previous week which had a total of 1,363 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 6.5 percent. The commercials are Bullish-Extreme with a score of 95.8 percent and the small traders (not shown in chart) are Bearish with a score of 24.7 percent.

Platinum Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 42.9 39.4 12.2
– Percent of Open Interest Shorts: 39.5 49.6 5.4
– Net Position: 2,203 -6,697 4,494
– Gross Longs: 28,253 26,002 8,051
– Gross Shorts: 26,050 32,699 3,557
– Long to Short Ratio: 1.1 to 1 0.8 to 1 2.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 6.5 95.8 24.7
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -13.0 15.5 -29.7

 


Palladium Futures:

Palladium Futures COT ChartThe Palladium Futures large speculator standing this week came in at a net position of -3,215 contracts in the data reported through Tuesday. This was a weekly rise of 30 contracts from the previous week which had a total of -3,245 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 3.2 percent. The commercials are Bullish-Extreme with a score of 97.1 percent and the small traders (not shown in chart) are Bearish with a score of 20.4 percent.

Palladium Futures Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 10.9 62.7 11.2
– Percent of Open Interest Shorts: 46.2 22.9 15.7
– Net Position: -3,215 3,621 -406
– Gross Longs: 996 5,712 1,021
– Gross Shorts: 4,211 2,091 1,427
– Long to Short Ratio: 0.2 to 1 2.7 to 1 0.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 3.2 97.1 20.4
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -6.7 12.4 -58.1

 


Article By InvestMacroReceive our weekly COT Reports by Email

*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) were positioned in the futures markets.

The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators) as well as their open interest (contracts open in the market at time of reporting).See CFTC criteria here.

COT Currency Speculators raised British Pound Sterling bearish bets for 10th week

By InvestMacro | COT | Data Tables | COT Leaders | Downloads | COT Newsletter

Here are the latest charts and statistics for this week’s Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).

The latest COT data is updated through Tuesday May 10th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets. All currency positions are in direct relation to the US dollar where, for example, a bet for the euro is a bet that the euro will rise versus the dollar while a bet against the euro will be a bet that the euro will decline versus the dollar.

Highlighting the COT currency data this week was the rise in bearish bets for the British pound sterling currency futures contracts. Pound speculators have raised their bearish bets for a tenth consecutive week this week and for the eleventh time out of the past twelve weeks. Over the past ten-week time-frame, pound bets have dropped by a total of -79,261 contracts, going from -337 net positions on March 1st to a total of -79,598 net positions this week. The deterioration in speculator sentiment has now pushed the pound net position to the most bearish standing of the past one hundred and thirty-seven weeks, dating back to September 24th of 2019.

Pound sterling sentiment has been hit by a recent slowing economy as the UK GDP declined by 0.1 percent in March after flat growth in February. Also, weighing on the UK economy is the war in Ukraine that has sharply raised inflation in the country (and elsewhere) and which could see the UK economy with the lowest growth rate among G7 countries in 2023, according to the IMF.

Overall, the currencies with higher speculator bets this week were the Euro (22,907 contracts), US Dollar Index (1,705 contracts), Bitcoin (315 contracts) and the Mexican peso (2,102 contracts).

The currencies with declining bets were the Japanese yen (-9,660 contracts), Australian dollar (-13,198 contracts), Brazil real (-1,010 contracts), Swiss franc (-1,856 contracts), British pound sterling (-5,785 contracts), New Zealand dollar (-6,386 contracts), Canadian dollar (-14,436 contracts), Russian ruble (-263 contracts) and the Mexican peso (2,102 contracts).


Speculator strength standings for each Commodity where strength index is current net position compared to past three years, above 80 is bullish extreme, below 20 is bearish extreme OI Strength = Current Open Interest level compared to last 3 years range Spec Strength = Current Net Speculator level compared to last 3 years range Strength Move = Six week change of Spec Strength


Data Snapshot of Forex Market Traders | Columns Legend
May-10-2022 OI OI-Index Spec-Net Spec-Index Com-Net COM-Index Smalls-Net Smalls-Index
USD Index 57,556 84 34,776 86 -37,174 13 2,398 43
EUR 705,046 84 16,529 40 -43,026 64 26,497 18
GBP 264,594 80 -79,598 17 95,245 86 -15,647 23
JPY 247,278 87 -110,454 1 124,927 97 -14,473 24
CHF 51,282 37 -15,763 40 29,819 69 -14,056 16
CAD 151,009 31 -5,407 38 2,939 67 2,468 35
AUD 153,209 47 -41,714 46 47,126 54 -5,412 39
NZD 56,235 56 -12,996 49 16,874 56 -3,878 7
MXN 153,858 28 16,725 34 -20,866 64 4,141 61
RUB 20,930 4 7,543 31 -7,150 69 -393 24
BRL 61,450 55 40,778 90 -42,031 10 1,253 79
Bitcoin 10,841 57 703 100 -789 0 86 15

Open Interest is the amount of contracts that were live in the marketplace at time of data.


US Dollar Index Futures:

US Dollar Index Forex Futures COT ChartThe US Dollar Index large speculator standing this week came in at a net position of 34,776 contracts in the data reported through Tuesday. This was a weekly lift of 1,705 contracts from the previous week which had a total of 33,071 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 85.8 percent. The commercials are Bearish-Extreme with a score of 12.8 percent and the small traders (not shown in chart) are Bearish with a score of 42.8 percent.

US DOLLAR INDEX Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 86.6 3.2 8.6
– Percent of Open Interest Shorts: 26.2 67.8 4.5
– Net Position: 34,776 -37,174 2,398
– Gross Longs: 49,864 1,837 4,970
– Gross Shorts: 15,088 39,011 2,572
– Long to Short Ratio: 3.3 to 1 0.0 to 1 1.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 85.8 12.8 42.8
– Strength Index Reading (3 Year Range): Bullish-Extreme Bearish-Extreme Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 6.6 -3.4 -19.3

 


Euro Currency Futures:

Euro Currency Futures COT ChartThe Euro Currency large speculator standing this week came in at a net position of 16,529 contracts in the data reported through Tuesday. This was a weekly increase of 22,907 contracts from the previous week which had a total of -6,378 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 40.1 percent. The commercials are Bullish with a score of 63.8 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 18.3 percent.

EURO Currency Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 32.4 53.3 12.0
– Percent of Open Interest Shorts: 30.0 59.4 8.3
– Net Position: 16,529 -43,026 26,497
– Gross Longs: 228,230 376,043 84,921
– Gross Shorts: 211,701 419,069 58,424
– Long to Short Ratio: 1.1 to 1 0.9 to 1 1.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 40.1 63.8 18.3
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -1.5 1.2 0.9

 


British Pound Sterling Futures:

British Pound Sterling Futures COT ChartThe British Pound Sterling large speculator standing this week came in at a net position of -79,598 contracts in the data reported through Tuesday. This was a weekly fall of -5,785 contracts from the previous week which had a total of -73,813 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 16.6 percent. The commercials are Bullish-Extreme with a score of 86.0 percent and the small traders (not shown in chart) are Bearish with a score of 23.2 percent.

BRITISH POUND Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 11.1 79.6 7.6
– Percent of Open Interest Shorts: 41.2 43.6 13.5
– Net Position: -79,598 95,245 -15,647
– Gross Longs: 29,469 210,627 20,157
– Gross Shorts: 109,067 115,382 35,804
– Long to Short Ratio: 0.3 to 1 1.8 to 1 0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 16.6 86.0 23.2
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -28.5 25.6 -7.7

 


Japanese Yen Futures:

The Japanese Yen large speculator standing this week came in at a net position of -110,454 contracts in the data reported through Tuesday. This was a weekly decline of -9,660 contracts from the previous week which had a total of -100,794 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 0.8 percent. The commercials are Bullish-Extreme with a score of 96.6 percent and the small traders (not shown in chart) are Bearish with a score of 24.0 percent.

JAPANESE YEN Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 4.5 86.2 8.0
– Percent of Open Interest Shorts: 49.2 35.7 13.9
– Net Position: -110,454 124,927 -14,473
– Gross Longs: 11,196 213,084 19,811
– Gross Shorts: 121,650 88,157 34,284
– Long to Short Ratio: 0.1 to 1 2.4 to 1 0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 0.8 96.6 24.0
– Strength Index Reading (3 Year Range): Bearish-Extreme Bullish-Extreme Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -5.1 0.0 16.7

 


Swiss Franc Futures:

The Swiss Franc large speculator standing this week came in at a net position of -15,763 contracts in the data reported through Tuesday. This was a weekly fall of -1,856 contracts from the previous week which had a total of -13,907 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 39.8 percent. The commercials are Bullish with a score of 69.2 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 15.5 percent.

SWISS FRANC Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 9.2 74.6 16.1
– Percent of Open Interest Shorts: 40.0 16.5 43.5
– Net Position: -15,763 29,819 -14,056
– Gross Longs: 4,727 38,258 8,271
– Gross Shorts: 20,490 8,439 22,327
– Long to Short Ratio: 0.2 to 1 4.5 to 1 0.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 39.8 69.2 15.5
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -7.7 8.0 -7.6

 


Canadian Dollar Futures:

Canadian Dollar Forex Futures COT ChartThe Canadian Dollar large speculator standing this week came in at a net position of -5,407 contracts in the data reported through Tuesday. This was a weekly fall of -14,436 contracts from the previous week which had a total of 9,029 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 38.3 percent. The commercials are Bullish with a score of 66.9 percent and the small traders (not shown in chart) are Bearish with a score of 34.7 percent.

CANADIAN DOLLAR Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 25.6 49.8 21.8
– Percent of Open Interest Shorts: 29.2 47.9 20.1
– Net Position: -5,407 2,939 2,468
– Gross Longs: 38,679 75,215 32,880
– Gross Shorts: 44,086 72,276 30,412
– Long to Short Ratio: 0.9 to 1 1.0 to 1 1.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 38.3 66.9 34.7
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -4.0 14.5 -29.0

 


Australian Dollar Futures:

Australian Dollar Forex Futures COT ChartThe Australian Dollar large speculator standing this week came in at a net position of -41,714 contracts in the data reported through Tuesday. This was a weekly decrease of -13,198 contracts from the previous week which had a total of -28,516 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 46.2 percent. The commercials are Bullish with a score of 54.0 percent and the small traders (not shown in chart) are Bearish with a score of 39.2 percent.

AUSTRALIAN DOLLAR Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 24.1 59.9 13.1
– Percent of Open Interest Shorts: 51.3 29.1 16.7
– Net Position: -41,714 47,126 -5,412
– Gross Longs: 36,869 91,731 20,131
– Gross Shorts: 78,583 44,605 25,543
– Long to Short Ratio: 0.5 to 1 2.1 to 1 0.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 46.2 54.0 39.2
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 7.3 4.7 -34.4

 


New Zealand Dollar Futures:

New Zealand Dollar Forex Futures COT ChartThe New Zealand Dollar large speculator standing this week came in at a net position of -12,996 contracts in the data reported through Tuesday. This was a weekly fall of -6,386 contracts from the previous week which had a total of -6,610 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 49.5 percent. The commercials are Bullish with a score of 56.4 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 7.4 percent.

NEW ZEALAND DOLLAR Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 27.0 68.5 3.9
– Percent of Open Interest Shorts: 50.1 38.5 10.8
– Net Position: -12,996 16,874 -3,878
– Gross Longs: 15,203 38,541 2,216
– Gross Shorts: 28,199 21,667 6,094
– Long to Short Ratio: 0.5 to 1 1.8 to 1 0.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 49.5 56.4 7.4
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -20.4 26.0 -54.4

 


Mexican Peso Futures:

Mexican Peso Futures COT ChartThe Mexican Peso large speculator standing this week came in at a net position of 16,725 contracts in the data reported through Tuesday. This was a weekly advance of 2,102 contracts from the previous week which had a total of 14,623 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 34.5 percent. The commercials are Bullish with a score of 64.1 percent and the small traders (not shown in chart) are Bullish with a score of 60.6 percent.

MEXICAN PESO Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 41.5 53.1 4.2
– Percent of Open Interest Shorts: 30.7 66.7 1.5
– Net Position: 16,725 -20,866 4,141
– Gross Longs: 63,921 81,735 6,467
– Gross Shorts: 47,196 102,601 2,326
– Long to Short Ratio: 1.4 to 1 0.8 to 1 2.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 34.5 64.1 60.6
– Strength Index Reading (3 Year Range): Bearish Bullish Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 10.6 -10.1 -3.5

 


Brazilian Real Futures:

Brazil Real Futures COT ChartThe Brazilian Real large speculator standing this week came in at a net position of 40,778 contracts in the data reported through Tuesday. This was a weekly lowering of -1,010 contracts from the previous week which had a total of 41,788 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 90.5 percent. The commercials are Bearish-Extreme with a score of 10.3 percent and the small traders (not shown in chart) are Bullish with a score of 79.4 percent.

BRAZIL REAL Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 79.5 15.4 5.0
– Percent of Open Interest Shorts: 13.1 83.8 3.0
– Net Position: 40,778 -42,031 1,253
– Gross Longs: 48,835 9,454 3,070
– Gross Shorts: 8,057 51,485 1,817
– Long to Short Ratio: 6.1 to 1 0.2 to 1 1.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 90.5 10.3 79.4
– Strength Index Reading (3 Year Range): Bullish-Extreme Bearish-Extreme Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -1.8 3.5 -20.6

 


Russian Ruble Futures:

Russian Ruble Futures COT ChartThe Russian Ruble large speculator standing this week came in at a net position of 7,543 contracts in the data reported through Tuesday. This was a weekly fall of -263 contracts from the previous week which had a total of 7,806 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 31.2 percent. The commercials are Bullish with a score of 69.1 percent and the small traders (not shown in chart) are Bearish with a score of 23.9 percent.

RUSSIAN RUBLE Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 36.6 60.6 2.8
– Percent of Open Interest Shorts: 0.5 94.7 4.7
– Net Position: 7,543 -7,150 -393
– Gross Longs: 7,658 12,679 593
– Gross Shorts: 115 19,829 986
– Long to Short Ratio: 66.6 to 1 0.6 to 1 0.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 31.2 69.1 23.9
– Strength Index Reading (3 Year Range): Bearish Bullish Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: -15.6 16.7 -18.8

 


Bitcoin Futures:

Bitcoin Crypto Futures COT ChartThe Bitcoin large speculator standing this week came in at a net position of 703 contracts in the data reported through Tuesday. This was a weekly gain of 315 contracts from the previous week which had a total of 388 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 100.0 percent. The commercials are Bearish-Extreme with a score of 0.0 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 14.9 percent.

BITCOIN Statistics SPECULATORS COMMERCIALS SMALL TRADERS
– Percent of Open Interest Longs: 81.1 2.1 9.1
– Percent of Open Interest Shorts: 74.6 9.4 8.3
– Net Position: 703 -789 86
– Gross Longs: 8,789 227 989
– Gross Shorts: 8,086 1,016 903
– Long to Short Ratio: 1.1 to 1 0.2 to 1 1.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct): 100.0 0.0 14.9
– Strength Index Reading (3 Year Range): Bullish-Extreme Bearish-Extreme Bearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index: 19.0 -24.9 -13.6

 


Article By InvestMacroReceive our weekly COT Reports by Email

*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) were positioned in the futures markets.

The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators) as well as their open interest (contracts open in the market at time of reporting).See CFTC criteria here.