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
