By CountingPips.com
MXN: The latest weekly Commitments of Traders (COT) report, released on Friday by the Commodity Futures Trading Commission (CFTC), showed that large futures traders decreased Mexican peso speculative contracts last week for a seventh straight week. Peso positions fell to a total of +93,521 net speculative positions as of March 5th following a total of +104,804 contracts that were reported for February 26th.
Peso speculative positions have now fallen under the +100,000 threshold for the first time since November 27th 2012.
Currency Futures Contracts Data: Non-Commercial Large Traders
March 5th: Long Positions = 102,996, Short Positions = 9,475, Net Total =+93,521
February 26th: Long Positions = 120,401, Short Positions = 15,597, Net Total = +104,804
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 graphs overlay the forex spot closing price of each Tuesday when COT trader positions are reported for each corresponding spot currency pair.)
Article by CountingPips.com – Forex Trading Analysis
