The weekly Commitments of Traders (COT) report, released on Friday by the Commodity Futures Trading Commission (CFTC), showed that large futures traders continued to boost their total bullish bets of the US dollar last week. Total US dollar long positions have increased for two straight weeks and are at a new high level since June 2012, according to data by Reuters.
Non-commercial large futures traders, including hedge funds and large International Monetary Market speculators, raised their overall US dollar long positions to a total of $32.27 billion as of Tuesday May 14th. This was an advance from the total long position of $26.83 billion registered on May 7th, according to position calculations by Reuters that derives this total by the amount of US dollar positions against the combined positions of euro, British pound, Japanese yen, Australian dollar, Canadian dollar and the Swiss franc.
See the full COT report & charts here…
The US dollar continued to show its strength in the currency markets last week and increased against the other major currencies across the board. Notably, the USD rose against the Australian dollar, New Zealand dollar, Canadian dollar, Swiss franc, British pound and the euro for a second straight week while advancing against the Japanese yen for third consecutive week.
See the full Technical Currency Pairs post and charts here…
Tuesday, May 21
Australia — reserve bank meeting minutes
New Zealand — reserve bank 2-yr inflation expectation
United Kingdom — consumer price index
United Kingdom — producer price index
Wednesday, May 22
Japan — Bank of Japan rate decision
Japan — monetary policy update
United Kingdom — Bank of England minutes
United Kingdom — retail sales
United States — Ben Bernanke testimony
United States — FOMC meeting minutes
United States — existing home sales
Canada — retail sales
Thursday, May 23
United Kingdom — GDP report
China — PMI manufacturing
United States — jobless claims weekly
United States — new home sales
New Zealand — trade balance
Friday, May 24
Euro zone — Germany GDP report
euro zone — Germany business climate index
United States — durable goods orders report
See our economic calendar for full listing