Home / Forex & Currency Exchange News / Brazil Real Speculators decreased bullish net positions this week

Brazil Real Speculators decreased bullish net positions this week

By CountingPips.comReceive our weekly COT Reports by Email

Brazil Real Non-Commercial Speculator Positions:

Large speculators slightly cut back on their bullish net positions in the Brazil Real futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Brazil Real futures, traded by large speculators and hedge funds, totaled a net position of 10,186 contracts in the data reported through Tuesday August 22nd. This was a weekly reduction of -628 contracts from the previous week which had a total of 10,814 net contracts.

Speculators have trimmed their bullish positions for a second week although the bullish totals are above the +10,000 net position level for a third straight week.

Brazil Real Commercial Positions:

The commercial traders position, categorized by the CFTC as hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -11,550 contracts on the week. This was a weekly uptick of 606 contracts from the total net of -12,156 contracts reported the previous week.

BRLUSD:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the BRLUSD Currency Pair closed at approximately $0.3169 which was an increase of $0.0033 from the previous close of $0.3136, according to unofficial market data.

*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).

Article by CountingPips.comWeekly COT Report

 

 

Click Here For Original Source Of The Article

About Louie Lewis

Louie Lewis
Successful forex trading starts with you first. Then comes the actual strategies and techniques. I have been involved with forex and forex trading for a few years now. It is a wonderful way to build wealth. The learning never stops and I want to help others along their journey into this wonderful market of opportunity.

Check Also

EUR/USD Drops After Release of Solid US Economic Reports

EUR/USD Drops After Release of Solid US Economic Reports

EUR/USD dropped today as almost all reports released in the United States over the trading session were good. The signs that the voting for the final version of the US tax reform bill may happen as soon as the next week also drove the currency pair down.

Retail sales rose 0.8% in November, exceeding the median …

Leave a Reply

Your email address will not be published. Required fields are marked *

css.php