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Forex Speculators decreased US Dollar net bullish positions last week

By CountingPips.com | Weekly Large Trader COT Report: Currencies

cot zachary storella

US Dollar net speculator positions fell last week to +$3.01 billion

The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and currency speculators cut back on their bullish bets in  the US dollar last week although the overall dollar position remained in bullish territory.

Non-commercial large futures traders, including hedge funds and large speculators, had an overall US dollar long position totaling +$3.01 billion as of Tuesday June 28th, according to the latest data from the CFTC and dollar amount calculations by Reuters. This was a weekly change of -$3.61 billion from the +$6.62 billion total long position that was registered on June 21st, according to the Reuters calculation that totals the US dollar contracts against the combined contracts of the euro, British pound, Japanese yen, Australian dollar, Canadian dollar and the Swiss franc.

Despite last week’s decline, the US dollar position remains in positive (long) territory for a sixth straight week after being in negative (short) territory for five straight weeks through May 17th.

Weekly Speculator Contract Changes:

Last week’s data showed that just about all the major currencies improved against the US dollar with the lone exception being the euro which saw just a small dip (-588 contracts) in speculative positions.

Leading the way with the largest gains on the week were the British pound sterling (+9,236 weekly change in contracts), Japanese yen (+7,454 contracts), Canadian dollar (+5,354 contracts) and the Australian dollar (+5,091 contracts).

Also coming in with higher speculative levels last week were the Swiss franc (+4,486 contracts), Mexican peso (+3,553 contracts) and the New Zealand dollar (+219 contracts).

Weekly-Spec-Changes-COT

This latest COT data is through Tuesday June 28th 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. All currency positions are in direct relation to the US dollar where, for example, a bet for the euro is a bet that the euro will rise versus the dollar while a bet against the euro will be a bet that the dollar will gain versus the euro.

Please see the individual currency charts and their respective data points below. (Click on Charts to Enlarge)

Weekly Charts: Large Trader Weekly Positions vs Price

EuroFX:

zachary Storella

Last 6 Weeks of Large Trader Positions

date Net Commercial Positions Weekly Com Changes Net Large Specs Positions Weekly Spec Changes
20160524 48501 14385 -37895 -15308
20160531 50714 2213 -37654 241
20160607 79538 28824 -67112 -29458
20160614 70705 -8833 -56489 10623
20160621 73398 2693 -61346 -4857
20160628 76653 3255 -61934 -588

 

British Pound Sterling:

zachary storella

Last 6 Weeks of Large Trader Positions

date Net Commercial Positions Weekly Com Changes Net Large Specs Positions Weekly Spec Changes
20160524 54031 -6904 -32835 5587
20160531 51984 -2047 -32851 -16
20160607 84439 32455 -66299 -33448
20160614 58611 -25828 -36661 29638
20160621 68218 9607 -51947 -15286
20160628 57040 -11178 -42711 9236

 

Japanese Yen:

zachary storella

Last 6 Weeks of Large Trader Positions

date Net Commercial Positions Weekly Com Changes Net Large Specs Positions Weekly Spec Changes
20160524 -23035 39404 22059 -36860
20160531 -13526 9509 14837 -7222
20160607 -43861 -30335 42853 28016
20160614 -57384 -13523 55690 12837
20160621 -56542 842 52296 -3394
20160628 -58067 -1525 59750 7454

 

Swiss Franc:

zachary storella

Last 6 Weeks of Large Trader Positions

date Net Commercial Positions Weekly Com Changes Net Large Specs Positions Weekly Spec Changes
20160524 11498 7058 3954 -193
20160531 13820 2322 129 -3825
20160607 22145 8325 -9645 -9774
20160614 2031 -20114 7130 16775
20160621 783 -1248 6381 -749
20160628 -1641 -2424 10867 4486

 

Canadian Dollar:

zachary storella

Last 6 Weeks of Large Trader Positions

date Net Commercial Positions Weekly Com Changes Net Large Specs Positions Weekly Spec Changes
20160524 -25595 7932 20047 -2659
20160531 -30322 -4727 26259 6212
20160607 -29402 920 21537 -4722
20160614 -40910 -11508 18440 -3097
20160621 -14134 26776 2595 -15845
20160628 -15439 -1305 7949 5354

 

Australian Dollar:

zachary storella

Last 6 Weeks of Large Trader Positions

date Net Commercial Positions Weekly Com Changes Net Large Specs Positions Weekly Spec Changes
20160524 -605 25483 124 -24769
20160531 8618 9223 -4758 -4882
20160607 19482 10864 -15808 -11050
20160614 9618 -9864 -6778 9030
20160621 6143 -3475 -7043 -265
20160628 -1915 -8058 -1952 5091

 

New Zealand Dollar:

zachary storella

Last 6 Weeks of Large Trader Positions

date Net Commercial Positions Weekly Com Changes Net Large Specs Positions Weekly Spec Changes
20160524 -4184 2641 4576 -2112
20160531 -5439 -1255 5504 928
20160607 -9944 -4505 8536 3032
20160614 1538 11482 -3818 -12354
20160621 814 -724 -3045 773
20160628 278 -536 -2826 219

 

Mexican Peso:

zachary storella

Last 6 Weeks of Large Trader Positions

date Net Commercial Positions Weekly Com Changes Net Large Specs Positions Weekly Spec Changes
20160524 50128 1196 -47460 -1769
20160531 58047 7919 -55615 -8155
20160607 61854 3807 -59309 -3694
20160614 69064 7210 -65619 -6310
20160621 73227 4163 -68880 -3261
20160628 68953 -4274 -65327 3553

 

*COT Report: The weekly commitment of traders report summarizes the total trader positions for open contracts in the futures trading 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).

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 charts overlay the forex closing price of each Tuesday when COT trader positions are reported for each corresponding spot currency pair.) See more information and explanation on the weekly COT report from the CFTC website.

All information contained in this article cannot be guaranteed to be accurate and is used at your own risk. All information and opinions on this website are for general informational purposes only and do not in any way constitute investment advice.

Article by CountingPips.com

 

 

 

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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.

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By CountingPips.com – Receive our weekly COT Reports by Email US Dollar Index Non-Commercial Speculator Positions: Large currency speculators reduced their bearish net positions in the US Dollar Index 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 […]

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