By CountingPips – Weekly COT Currency Reports
Australian Dollar:
AUD: The Australian dollar rebounded last week after decreasing for the previous six consecutive weeks. Aussie speculative futures positions rose to a total net amount of +23,266 contracts on March 12th after totaling +7,149 net contracts as of March 5th. This is a weekly change of +16,117 in net positions following the previous week’s -18,546 change.
Australian dollar contracts, on March 5th, were at their lowest level since June 26, 2012 when positions equaled just -2,159 contracts.
March 12th 2013 Cot Report Data
Total Open Interest: 183,095
Non-Commerical Large Traders Net Positions: +23,266
Commercial Traders Net Positions: -23,311
Small Traders Net Positions: +45
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.)
See more information and explanation on the weekly COT report from the CFTC website.
Article by CountingPips.com – Forex News & Market Analysis
