Currency Speculators slightly raised US Dollar bullish positions for 1st time in 4 weeks

September 12, 2015

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

US Dollar net speculator positions edged higher last week to +$22.07 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 slightly increased their overall net bullish positions in the US dollar last week for the first time in four weeks.

Non-commercial large futures traders, including hedge funds and large speculators, had an overall US dollar long position totaling $22.07 billion as of Tuesday September 8th, according to the latest data from the CFTC and dollar amount calculations by Reuters. This was a weekly change of +$0.46 billion from the $21.61 billion total long position that was registered on September 1st, 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 was the first increase in the aggregate US dollar speculative level since August 11th when the net positions totaled $37.19 billion.

Weekly Speculator Contract Changes:

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


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This latest COT data is through Tuesday September 8th 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:

Last 6 Weeks of Large Trader Positions

Date Open Interest Change OI Net Commercial Positions Weekly Com Changes Net Large Specs Positions Weekly Spec Changes
20150804 367885 9945 152023 11104 -113394 -9386
20150811 361334 -6551 152323 300 -115210 -1816
20150818 356952 -4382 122326 -29997 -92732 22478
20150825 374977 18025 91151 -31175 -66078 26654
20150901 363980 -10997 88343 -2808 -67857 -1779
20150908 383187 19207 108445 20102 -81241 -13384

 

British Pound Sterling:

Last 6 Weeks of Large Trader Positions

Date Open Interest Change OI Net Commercial Positions Weekly Com Changes Net Large Specs Positions Weekly Spec Changes
20150804 169224 -4071 6396 1230 -6557 3231
20150811 158247 -10977 8068 1672 -10371 -3814
20150818 172083 13836 -2449 -10517 -3971 6400
20150825 176962 4879 -10144 -7695 3299 7270
20150901 170032 -6930 16672 26816 -11239 -14538
20150908 186994 16962 30908 14236 -17638 -6399

 

Japanese Yen:

Last 6 Weeks of Large Trader Positions

Date Open Interest Change OI Net Commercial Positions Weekly Com Changes Net Large Specs Positions Weekly Spec Changes
20150804 252655 6386 119981 20749 -79716 -16178
20150811 264608 11953 148075 28094 -105226 -25510
20150818 251418 -13190 125219 -22856 -90130 15096
20150825 260458 9040 54714 -70505 -39059 51071
20150901 273205 12747 28503 -26211 -15555 23504
20150908 279712 6507 21012 -7491 -6662 8893

 

Swiss Franc:

Last 6 Weeks of Large Trader Positions

Date Open Interest Change OI Net Commercial Positions Weekly Com Changes Net Large Specs Positions Weekly Spec Changes
20150804 37399 5034 14729 3692 -1466 -1590
20150811 43677 6278 23788 9059 -7012 -5546
20150818 43588 -89 26138 2350 -9868 -2856
20150825 37901 -5687 20795 -5343 -12597 -2729
20150901 36203 -1698 17424 -3371 -8503 4094
20150908 40937 4734 18400 976 -6896 1607

 

Canadian Dollar:

Last 6 Weeks of Large Trader Positions

Date Open Interest Change OI Net Commercial Positions Weekly Com Changes Net Large Specs Positions Weekly Spec Changes
20150804 170087 7969 87720 6685 -64180 -8113
20150811 172252 2165 89780 2060 -67405 -3225
20150818 161743 -10509 86078 -3702 -66794 611
20150825 168819 7076 80808 -5270 -59712 7082
20150901 161893 -6926 76574 -4234 -55119 4593
20150908 159492 -2401 68580 -7994 -48640 6479

 

Australian Dollar:

Last 6 Weeks of Large Trader Positions

Date Open Interest Change OI Net Commercial Positions Weekly Com Changes Net Large Specs Positions Weekly Spec Changes
20150804 168404 2430 81451 -519 -49412 1247
20150811 164751 -3653 78735 -2716 -51270 -1858
20150818 161344 -3407 76778 -1957 -49883 1387
20150825 174378 13034 89239 12461 -63727 -13844
20150901 173947 -431 82795 -6444 -55732 7995
20150908 190761 16814 84684 1889 -53316 2416

 

New Zealand Dollar:

Last 6 Weeks of Large Trader Positions

Date Open Interest Change OI Net Commercial Positions Weekly Com Changes Net Large Specs Positions Weekly Spec Changes
20150804 38530 1043 15941 -1100 -11899 866
20150811 36861 -1669 14376 -1565 -10572 1327
20150818 36523 -338 13681 -695 -9957 615
20150825 33400 -3123 9686 -3995 -6063 3894
20150901 34339 939 12265 2579 -8279 -2216
20150908 38325 3986 15680 3415 -11820 -3541

 

Mexican Peso:

Last 6 Weeks of Large Trader Positions

Date Open Interest Change OI Net Commercial Positions Weekly Com Changes Net Large Specs Positions Weekly Spec Changes
20150804 191087 -5241 87966 -6286 -82048 6795
20150811 173781 -17306 76421 -11545 -70569 11479
20150818 171467 -2314 64295 -12126 -60427 10142
20150825 196090 24623 87178 22883 -83053 -22626
20150901 191019 -5071 82603 -4575 -76937 6116
20150908 188237 -2782 75711 -6892 -70951 5986

 

*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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