By CountingPips – Weekly COT Report
Swiss Franc:
CHF: Swiss franc speculator positions continued to descend last week for a fourth consecutive week and are at the lowest level since August 2012. Net positions for the Swiss currency futures dropped to a total of -13,488 contracts on March 12th following a total of -11,450 net contracts reported for March 5th. This is a weekly change of -2,038 from the previous week.
Swiss franc net positions have now been on the short side for four straight weeks and are at the lowest level since August 21st 2012 when positions totaled -15,662 contracts.
March 12th 2013 Cot Report Data
Total Open Interest: 69,408
Non-Commerical Large Traders Net Positions: -13,488
Commercial Traders Net Positions: +26,175
Small Traders Net Positions: -12,687
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
