Weekly Commitment of Traders Data by CFTC shows which way Large Traders and Hedge Funds were leaning the previous week in the Futures Market
By CountingPips.com
The latest weekly Commitments of Traders (COT) report, released on Friday by the Commodity Futures Trading Commission (CFTC), showed that large futures traders trimmed their total bullish bets of the US dollar last week against the other major foreign currencies after slightly increasing their bets the previous week. Total speculator positions have continued to show little movement in the past few months, as can be seen from the chart above.
Non-commercial large futures traders, including hedge funds and large International Monetary Market speculators, registered an overall US dollar long position of $24.94 billion as of Tuesday April 23rd. This was a small decline from the total long position of $25.18 billion on April 16th, according to position calculations by Reuters (US dollar positions against the total positions of eurofx, British pound, Japanese yen, Australian dollar, Canadian dollar and the Swiss franc).
Individual Currencies Large Speculators Positions in Futures:
The individual currency contracts quoted directly against the US dollar last week saw increases for the Japanese yen, British pound sterling, Swiss franc and the Canadian dollar while the euro, Australian dollar, Mexican peso and the New Zealand dollar all had a declining number of net contracts for the week.
Individual Currency Charts: (Please Click on Chart to Enlarge)
EuroFX: Weekly change of -4,511
EuroFX: Large trader positions for the euro decreased last week after rising for two consecutive weeks. Euro contracts fell to a total net position of -34,275 contracts in the data reported for April 23rd following the previous week’s total of -29,764 net contracts on April 16th.
Last Five Weeks of Large Trader Positions: EURO
| Date | Lg Trader Net | Change |
| 03/26/2013 | -49095 | -4211 |
| 04/02/2013 | -65701 | -16606 |
| 04/09/2013 | -50858 | +14843 |
| 04/16/2013 | -29764 | +21094 |
| 04/23/2013 | -34275 | -4511 |
British Pound Sterling: Weekly change of +1,863
GBP: British pound spec positions improved last week to increase for a second consecutive week. British pound speculative positions rose last week to a total of -60,112 net contracts on April 23rd following a total of -61,975 net contracts reported for April 16th.
Last Five Weeks of Large Trader Positions: Pound Sterling
| date | Lg Trader Net | Change Weekly |
| 03/26/2013 | -66555 | -5075 |
| 04/02/2013 | -65020 | +1535 |
| 04/09/2013 | -69969 | -4949 |
| 04/16/2013 | -61975 | +7994 |
| 04/23/2013 | -60112 | +1863 |
Japanese Yen: Weekly change of +13,681
JPY: Japanese yen net speculative contracts rose last week after falling to the lowest level since March 12th the previous week. Japanese yen positions improved to a total of -79,730 net contracts on April 23rd following a total of -93,411 net short contracts on April 16th.
Last Five Weeks of Large Trader Positions: Yen
| date | Lg Trader Net | Change Weekly |
| 03/26/2013 | -89149 | -9156 |
| 04/02/2013 | -78171 | +10978 |
| 04/09/2013 | -77697 | +474 |
| 04/16/2013 | -93411 | -15714 |
| 04/23/2013 | -79730 | +13681 |
Swiss Franc: Weekly change of +4,432
CHF: Swiss franc speculator positions improved last week for a fourth consecutive week and to the best position since February 12th. Net positions for the Swiss currency futures improved to a total of +1,179 contracts on April 23rd following a total of -3,253 net contracts reported for April 16th.
Last Five Weeks of Large Trader Positions: Franc
| date | Lg Trader Net | Change Weekly |
| 03/26/2013 | -12198 | -1202 |
| 04/02/2013 | -12015 | +183 |
| 04/09/2013 | -10014 | +2001 |
| 04/16/2013 | -3253 | +6761 |
| 04/23/2013 | 1179 | +4432 |
Canadian Dollar: Weekly change of +4,234
CAD: Canadian dollar positions improved slightly last week after falling for three straight weeks and to a new low level in 2013. Canadian dollar positions edged higher to a total of -71,679 contracts as of April 23rd following a total of -75,913 net contracts that were reported for April 16th.
Last Five Weeks of Large Trader Positions: CAD
| date | Lg Trader Net | Change Weekly |
| 03/26/2013 | -62645 | +2686 |
| 04/02/2013 | -64544 | -1899 |
| 04/09/2013 | -71133 | -6589 |
| 04/16/2013 | -75913 | -4780 |
| 04/23/2013 | -71679 | +4234 |
Australian Dollar: Weekly change of -21,918
AUD: The Australian dollar large spec positions declined last week for a fourth consecutive week and to the lowest level since March 12th. Aussie speculative futures positions fell to a total net amount of +31,257 contracts on April 23rd after totaling +53,175 net contracts as of April 16th.
Last Five Weeks of Large Trader Positions: AUD
| date | Lg Trader Net | Change Weekly |
| 03/26/2013 | 85515 | +31460 |
| 04/02/2013 | 83971 | -1544 |
| 04/09/2013 | 77879 | -6092 |
| 04/16/2013 | 53175 | -24704 |
| 04/23/2013 | 31257 | -21918 |
New Zealand Dollar: Weekly change of -3103
NZD: New Zealand dollar speculator positions declined last week after advancing for the previous four weeks and to a new 2013 high level. NZD contracts fell to a total of +27,705 net long contracts as of April 23rd following a total of +30,808 net long contracts on April 16th.
Last Five Weeks of Large Trader Positions: NZD
| date | Lg Trader Net | Change Weekly |
| 03/26/2013 | 16916 | +4439 |
| 04/02/2013 | 18387 | +1471 |
| 04/09/2013 | 25150 | +6763 |
| 04/16/2013 | 30808 | +5658 |
| 04/23/2013 | 27705 | -3103 |
Mexican Peso: Weekly change of -4377
MXN:Mexican peso speculative contracts edged lower last week after rising the previous week. Peso positions fell to a total of +146,911 net speculative positions as of April 23rd following a total of +151,288 contracts that were reported for April 16th.
Last Five Weeks of Euro Fx Large Trader Positions: MXN
| date | Lg Trader Net | Change Weekly |
| 03/26/2013 | 128162 | +18786 |
| 04/02/2013 | 142755 | +14593 |
| 04/09/2013 | 142542 | -213 |
| 04/16/2013 | 151288 | +8746 |
| 04/23/2013 | 146911 | -4377 |
The Commitment of Traders report is published every Friday by the Commodity Futures Trading Commission (CFTC) and shows futures positions data that was reported as of the previous Tuesday (3 days behind).
Each currency contract is a quote for that currency directly against the U.S. dollar, a net short amount of contracts means that more speculators are betting that currency to fall against the dollar and a net long position expect that currency to rise versus the dollar.
(The graphs overlay the forex spot closing price of each Tuesday when COT trader positions are reported for each corresponding spot currency pair.)
See more information and explanation on the weekly COT report from the CFTC website.
Article by CountingPips.com – Forex News & Market Analysis
