By CountingPips.com – Receive our weekly COT Reports by Email
Eurodollar Non-Commercial Speculator Positions:
Large speculators decreased 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 -3,803,128 contracts in the data reported through Tuesday May 15th. This was a weekly boost of 237,166 contracts from the previous week which had a total of -4,040,294 net contracts.
Speculative positions rose this week by the largest weekly gain since June 13th of 2017 after declining for the previous two weeks. Overall, the net position has seen bearish positions gaining stream with bearish bets rising for seven out of the past ten weeks.
Eurodollar Commercial Positions:
Free Reports:
Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 4,528,636 contracts on the week. This was a weekly decrease of -282,127 contracts from the total net of 4,810,763 contracts reported the previous week.
ED Futures:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Eurodollar Futures closed at approximately $96.935 which was a drop of $-0.065 from the previous close of $97.0, 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
