By CountingPips – Weekly COT Currency Reports
New Zealand Dollar:
NZD: New Zealand dollar speculator positions increased slightly last week following declines for two consecutive weeks. NZD contracts rose to a total of +19,350 net long contracts as of March 12th following a total of +19,044 net long contracts on March 5th. This constitutes a weekly change of +306 net contracts to March 12th.
The New Zealand dollar positions have stayed above the +19,000 contracts threshold for ten consecutive weeks.
March 12th 2013 Cot Report Data
Total Open Interest: 32,813
Non-Commerical Large Traders Net Positions: +19,350
Commercial Traders Net Positions: -20,431
Small Traders Net Positions: +1,081
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
