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Brazil Real Non-Commercial Speculator Positions:
Currency speculators lowered 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 4,330 contracts in the data reported through Tuesday July 25th. This was a weekly decline of -606 contracts from the previous week which had a total of 4,936 net contracts.
Brazilian real speculators have trimmed their positions for three out of the past four weeks although the net level has been able to remain not falling into bearish territory.
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 -5,552 contracts on the week. This was a weekly rise of 663 contracts from the total net of -6,215 contracts reported the previous week.
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the BRLUSD Currency Pair closed at approximately $0.3155 which was a decrease of $-0.0012 from the previous close of $0.3167, 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.com – Weekly COT Report