By CountingPips – Weekly COT Report
Canadian Dollar:
CAD: Canadian dollar positions declined lower once again last week to decrease for an eighth consecutive week and to the lowest level since before 2010. Canadian dollar positions fell to a total of -53,397 contracts as of March 12th following a total of -46,663 net contracts that were reported for March 5th. This is a weekly change of -6,734 net contracts following a sharp weekly change of -25,230 the previous week.
March 12th 2013 Cot Report Data
Total Open Interest: 249,150
Non-Commerical Large Traders Net Positions: -53,397
Commercial Traders Net Positions: +67,665
Small Traders Net Positions: -14,268
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
