By CountingPips.com
Here are this week’s links to the latest Commitment of Traders changes.
This week’s results showed that speculators cut positions lower for the US dollar for a 3rd straight week and to the lowest since October. WTI Crude speculators boosted their bets to the highest in years while 10-year note speculators pulled back off of record high short positions for a 2nd week. Gold speculators slightly raised their bullish positions last week and bets are over +100,000 contracts for a 3rd week after a vicious decline in spec positions over the past three months.
Forex Futures Speculators reduced US Dollar bullish positions for 3rd week
US Dollar net speculator positions leveled at $20.04 billion last week
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 reduced their bets for the US dollar last week.
The major currencies that improved against the US dollar last week were the euro (14,152 weekly change in contracts), British pound sterling (3,070 contracts), Japanese yen (10,990 contracts), Swiss franc (39 contracts), Canadian dollar (7,975 contracts), Australian dollar (5,449 contracts), New Zealand dollar (2,405 contracts) and the Mexican peso (8667 contracts).
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WTI Crude Oil Speculators sharply added to bullish bets for 2nd week
The non-commercial contracts of WTI crude futures totaled a net position of 482,523 contracts, according to data from last week. This was a boost of 17,845 contracts from the previous weekly total.
Gold Speculators bullish net positions rise for 2nd out of 3 weeks
The large speculator contracts of gold futures advanced to a total net position of 109,407 contracts. This was a weekly gain of 2,366 contracts from the previous week.
10 Year Treasury Note Speculators cut back on bearish net positions
The large speculator contracts of 10-year treasury note futures totaled a net position of -297,179 contracts. This was a weekly change of 78,557 contracts from the previous week.
S&P500 Speculators trimmed their net bullish positions for 6th week
The large speculator contracts of S&P 500 futures totaled a net position of 1,696 contracts. This was a change of -146 contracts from the reported data of the previous week.
Silver Speculators raised bullish net positions for 4th week
The non-commercial contracts of silver futures totaled a net position of 71,021 contracts, according to data from last week. This was a weekly gain of 1,539 contracts from the previous totals.
Article by CountingPips.com
The Commitment of Traders report data is published in raw form every Friday by the Commodity Futures Trading Commission (CFTC) and shows the futures positions of market participants as of the previous Tuesday (data is reported 3 days behind).
To learn more about this data please visit the CFTC website at http://www.cftc.gov/MarketReports/CommitmentsofTraders/index.htm
