Home / Forex & Currency Exchange News / Brazil Real Speculators slightly edged net positions higher this week

Brazil Real Speculators slightly edged net positions higher this week

By CountingPips.comReceive our weekly COT Reports by Email

Brazil Real Non-Commercial Speculator Positions:

Large speculators edged their net positions in the Brazil Real futures markets higher 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 3,970 contracts in the data reported through Tuesday June 20th. This was a weekly advance of 64 contracts from the previous week which had a total of 3,906 net contracts.

Speculative positions had fallen the previous two weeks and to the lowest level since August 2016 before the edge higher in the latest data.

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 -4,864 contracts on the week. This was a weekly boost of just 1 contract from the total net of -4,865 contracts reported the previous week.

BRLUSD:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the BRLUSD Currency Pair closed at approximately $0.30 which was a decrease of $-0.0026 from the previous close of $0.3026, 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

Comfortably Numb: Surviving the Assault on Silver

Comfortably Numb: Surviving the Assault on Silver

By The Gold Report Source: Michael Ballanger for Streetwise Reports   10/15/2017 Precious metals expert Michael Ballanger discusses the current state of the precious metals markets. In the late 1960s and most of the 1970s, an English rock band named Pink Floyd dominated the world of progressive and psychedelic music with such memorable albums as “Dark […]

Leave a Reply

Your email address will not be published.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

css.php