Currency Speculators boosted US Dollar positions to highest since June

August 8, 2015

By CountingPips.com | Weekly Large Trader COT Report: Currencies

Reuters-Speculators-COT

US Dollar net speculator positions advanced last week to +$32.77 billion

The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and currency speculators boosted their overall net bullish positions in the US dollar last week for a fifth straight week.

Non-commercial large futures traders, including hedge funds, commodity funds and large speculators, had an overall US dollar long position totaling $32.77 billion as of Tuesday August 4th, according to the latest data from the CFTC and dollar amount calculations by Reuters. This was a weekly change of +$2.98 billion from the $29.79 billion total long position that was registered on July 28th, according to the Reuters calculation that totals the US dollar contracts against the combined contracts of the euro, British pound, Japanese yen, Australian dollar, Canadian dollar and the Swiss franc.

Last week’s data brings the US dollar speculative level to the highest level since June 9th when when net positions stood at $34.70 billion.

Weekly Speculator Contract Changes:

Weekly changes for the major currencies showed that large speculators increased their bets in favor of the British pound sterling, Australian dollar, New Zealand dollar and the Mexican Peso while decreasing weekly bets for the euro, Japanese yen, Swiss franc and the Canadian dollar.


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This latest COT data is through Tuesday August 4th and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) 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 dollar will gain versus the euro.

Please see the individual currency charts and their respective data points below. (Click on Charts to Enlarge)

Weekly Charts: Large Trader Weekly Positions vs Price

EuroFX:

eur

Last 6 Weeks of Large Trader Positions

DateOpen InterestChange OINet Commercial PositionsWeekly Com ChangesNet Large Specs PositionsWeekly Spec Changes
201506303461156881347562847-100035-729
2015070735488587701414786722-99266769
2015071435676018751439242446-107781-8515
20150721366892101321531159191-112976-5195
20150728357940-8952140919-12196-1040088968
20150804367885994515202311104-113394-9386

 

 

British Pound Sterling:

gbp

Last 6 Weeks of Large Trader Positions

DateOpen InterestChange OINet Commercial PositionsWeekly Com ChangesNet Large Specs PositionsWeekly Spec Changes
2015063018141327727118-8469-127599435
20150707168480-129332117114053-22973-10214
20150714157073-11407232132042-24199-1226
20150721164779770619635-3578-214682731
2015072817329585165166-14469-978811680
20150804169224-407163961230-65573231

 

Japanese Yen:

Japanese-Yen-COT

Last 6 Weeks of Large Trader Positions

DateOpen InterestChange OINet Commercial PositionsWeekly Com ChangesNet Large Specs PositionsWeekly Spec Changes
201506302540146175117282-18042-788228895
20150707250828-3186100465-16817-6362915193
20150714247704-312483497-16968-4737116258
2015072125113634329963516138-62314-14943
20150728246269-486799232-403-63538-1224
20150804252655638611998120749-79716-16178

 

Swiss Franc:

CHF-Swiss-Franc-COT

Last 6 Weeks of Large Trader Positions

DateOpen InterestChange OINet Commercial PositionsWeekly Com ChangesNet Large Specs PositionsWeekly Spec Changes
2015063021472-397-3501-1536855-217
2015070723740226816936706121-734
2015071422390-1350130511363081-3040
20150721284246034605047453417336
20150728323653941110374987124-3293
20150804373995034147293692-1466-1590

 

 

Canadian Dollar:

cad

Last 6 Weeks of Large Trader Positions

DateOpen InterestChange OINet Commercial PositionsWeekly Com ChangesNet Large Specs PositionsWeekly Spec Changes
201506309179710417307536347-23450-5871
20150707120095282984745316700-32268-8818
20150714138431183366072813275-40726-8458
2015072115376215331673316603-43568-2842
2015072816211883568103513704-56067-12499
201508041700877969877206685-64180-8113

 

Australian Dollar:

Australian-Dollar-COT

Last 6 Weeks of Large Trader Positions

DateOpen InterestChange OINet Commercial PositionsWeekly Com ChangesNet Large Specs PositionsWeekly Spec Changes
201506301184432259287434268-12031-2979
20150707135648172054756518822-22197-10166
20150714148406127586010112536-33541-11344
20150721159796113907091110810-40850-7309
2015072816597461788197011059-50659-9809
20150804168404243081451-519-494121247

 

 

New Zealand Dollar:

NewZealand-Dollar-COT

Last 6 Weeks of Large Trader Positions

DateOpen InterestChange OINet Commercial PositionsWeekly Com ChangesNet Large Specs PositionsWeekly Spec Changes
2015063043256345201632657-16066-2503
2015070742873-383221642001-18348-2282
2015071442311-562235371373-19654-1306
2015072138544-376720537-3000-159543700
2015072837487-105717041-3496-127653189
2015080438530104315941-1100-11899866

 

Mexican Peso:

Mexican-Peso-COT

Last 6 Weeks of Large Trader Positions

DateOpen InterestChange OINet Commercial PositionsWeekly Com ChangesNet Large Specs PositionsWeekly Spec Changes
20150630111471-4054255311381-38759-10892
20150707140418289477715534602-72415-33656
201507141536391322177500345-72718-303
2015072118966236023867859285-81424-8706
201507281963286666942527467-88843-7419
20150804191087-524187966-6286-820486795

 

*COT Report: The weekly commitment of traders report summarizes the total trader positions for open contracts in the futures trading 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). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).

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 charts overlay the forex 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.

All information contained in this article cannot be guaranteed to be accurate and is used at your own risk. All information and opinions on this website are for general informational purposes only and do not in any way constitute investment advice.

Article by CountingPips.com

 

 

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