By CountingPips.com
CHF: Swiss franc speculator positions decreased last week for a third consecutive week and remain at the lowest level since November 2012. Net positions for the Swiss currency futures dropped to a total of -11,450 contracts on March 5th following a total of -8,191 net contracts reported for February 26th.
CHF positions are on the short side for a third straight week and are at the lowest level since November 20, 2012 when positions totaled -12,488 contracts.
Currency Futures Contracts Data: Non-Commercial Large Traders
March 5th: Long Positions = 7,092, Short Positions = 18,542, Net Total = -11,450
February 26th: Long Positions = 8,165, Short Positions = 16,356, Net Total = -8,191
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 News & Market Analysis
