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Large COT Currency Speculators continued to bet in favor of US Dollar last week
By CountingPips.com
The latest weekly Commitments of Traders (COT) report, released on Friday by the Commodity Futures Trading Commission (CFTC), showed that large futures traders increased their bets sharply in favor of the US dollar once again last week. The bets for American currency have now risen for four straight weeks and are at the highest overall long position since July 17th 2012, according to Reuters.
Non-commercial large futures traders, including hedge funds and large International Monetary Market speculators, registered an overall US dollar long position of $23.57 billion as of Tuesday March 5th. This was a change from a total long position of $14.39 billion that was registered on Tuesday February 26th, according to the CFTC’s COT data and trader position calculations by Reuters, which calculates the dollar positions against the euro, British pound, Japanese yen, Australian dollar, Canadian dollar and the Swiss franc.
Individual Currencies Large Speculators Futures Positions:
The individual currency contracts quoted directly against the US dollar last week saw the euro, British pound sterling, Japanese yen, Swiss franc, Australian dollar, New Zealand dollar, Canadian dollar and the Mexican peso all have a declining number of contracts compared to the previous week.
See More: Individual Currency Articles & Charts for this week
Great Britain Pound: -43,849 contracts
Japanese Yen: -73,351 contracts
Swiss Franc: -11,450 contracts
Canadian Dollar: -46,663 contracts
Australian Dollar: +7,149 contracts
New Zealand Dollar: +19,044 contracts
Mexican Peso: +93,521 contracts
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
Mexican peso large futures speculator bets fell last week for a seventh straight week
By CountingPips.com
MXN: The latest weekly Commitments of Traders (COT) report, released on Friday by the Commodity Futures Trading Commission (CFTC), showed that large futures traders decreased Mexican peso speculative contracts last week for a seventh straight week. Peso positions fell to a total of +93,521 net speculative positions as of March 5th following a total of +104,804 contracts that were reported for February 26th.
Peso speculative positions have now fallen under the +100,000 threshold for the first time since November 27th 2012.
Currency Futures Contracts Data: Non-Commercial Large Traders
March 5th: Long Positions = 102,996, Short Positions = 9,475, Net Total =+93,521
February 26th: Long Positions = 120,401, Short Positions = 15,597, Net Total = +104,804
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 Trading Analysis
New Zealand dollar large speculator positions decreased last week for a second straight week
By CountingPips.com
NZD: The latest weekly Commitments of Traders (COT) report, released on Friday by the Commodity Futures Trading Commission (CFTC), showed that large traders of New Zealand dollar futures contracts decreased their bets last week for a second straight week. NZD contracts fell to a total of +19,044 net long contracts as of March 5th following a total of +20,297 net long contracts on February 26th.
The New Zealand dollar positions had reached their highest level in over a year on February 19th but now have fallen under the +20,000 contracts threshold for the first time in the last eight weeks.
Currency Futures Contracts Data: Non-Commercial Large Traders
March 5th: Long Positions = 23,812, Short Positions = 4,768, Net Total = +19,044
February 26th: Long Positions = 23,570, Short Positions = 3,273, Net Total = +20,297
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 Market Analysis
Australian Dollar Spec Positions fell last week for a sixth consecutive week, almost into bearish territory
By CountingPips.com
AUD: The latest weekly Commitments of Traders (COT) report, released on Friday by the Commodity Futures Trading Commission (CFTC), showed that large speculator Australian dollar positions decreased last week to fall for a sixth consecutive week. Aussie speculative futures positions declined to a total net amount of +7,149 contracts on March 5th after totaling +25,695 contracts as of February 26th.
Australian dollar contracts are now at their lowest level since June 26, 2012 when positions equaled just -2,159 contracts.
Currency Futures Contracts Data: Non-Commercial Large Traders
March 5th: Long Positions = 61,315, Short Positions = 54,166, Net Total = +7,149
February 26th: Long Positions = 79,140, Short Positions = 53,445, Net Total = +25,695
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
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COT Forex: Canadian Dollar Large Trader Futures Positions fell lower last week to decline for a 7th consecutive week
By CountingPips.com
CAD: Canadian dollar positions decreased sharply lower once again last week to decline for a seventh consecutive week. Canadian dollar positions fell to a total of -46,663 contracts as of March 5th following a total of -21,433 net contracts that were reported for February 26th.
The Canadian dollar short positions are now at their lowest speculative level in over five years and on the bearish side for a second week.
Currency Futures Contracts Data: Non-Commercial Large Traders
March 5th: Long Positions = 39,564, Short Positions = 86,227, Net Total = -46,663
February 26th: Long Positions = 42,171, Short Positions = 63,604, Net Total = -21,433
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
Swiss Franc Large Speculator positions decreased last week for a third consecutive week
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
Japanese Yen Large Futures Trader Contracts decline to two month low
By CountingPips.com
JPY: Japanese yen speculative contracts declined last week to the lowest level in about two months. Japanese yen positions decreased to a total of -73,351 net contracts reported on March 5th following a total of -65,344 net short contracts on February 26th.
Yen positions are at their lowest point since January 8th when short positions equaled +74,096 contracts.
Currency Futures Contracts Data: Non-Commercial Large Traders
March 5th: Long Positions = 50,958, Short Positions = 124,309, Net Total = -73,351
February 26th: Long Positions = 51,998, Short Positions = 117,342, Net Total = -65,344
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
