By CountingPips.com – Receive our weekly COT Reports by Email
Eurodollar Non-Commercial Speculator Positions:
Large speculators increased their bearish net positions in the Eurodollar futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
The non-commercial futures contracts of Eurodollar futures, traded by large speculators and hedge funds, totaled a net position of -3,291,367 contracts in the data reported through Tuesday July 10th. This was a weekly reduction of -90,786 contracts from the previous week which had a total of -3,200,581 net contracts.
Speculative bearish positions rose for a second straight week following seven weeks of declining bearish bets. The overall bearish level is back above the -3,000,000 net contract level for a second week and is at the most bearish level of the past four weeks.
Eurodollar Commercial Positions:
Free Reports:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 3,994,199 contracts on the week. This was a weekly rise of 132,953 contracts from the total net of 3,861,246 contracts reported the previous week.
ED Futures:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Eurodollar Futures closed at approximately $96.985 which was a shortfall of $-0.045 from the previous close of $97.03, according to unofficial market data.
*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) 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. 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).
Article By CountingPips.com – Receive our weekly COT Reports by Email