Home / Forex & Currency Exchange News / US Dollar Index Speculators reduced their bearish bets this week

US Dollar Index Speculators reduced their bearish bets this week

By CountingPips.comReceive our weekly COT Reports by Email

US Dollar Index Non-Commercial Speculator Positions:

Large forex 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 contracts of US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of -8,476 contracts in the data reported through Tuesday December 5th. This was a weekly rise of 2,133 contracts from the previous week which had a total of -10,609 net contracts.

Speculative positions in the US dollar index improved for the first time in four weeks although the net speculative level remains in bearish territory for a fourth straight week.

US Dollar Index Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 2,306 contracts on the week. This was a weekly decline of -2,893 contracts from the total net of 5,199 contracts reported the previous week.

UUP:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the UUP ETF, which tracks the price of US Dollar Index, closed at approximately $24.29 which was an uptick of $0.03 from the previous close of $24.26, 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.comReceive our weekly COT Reports by Email

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

“Oops, They Did It Again”

“Oops, They Did It Again”

See “a classic capitulation to a rising trend” By Elliott Wave International History often repeats. So, one way to make an educated guess about the future is to look at the past. With that in mind, let me share with you a valuable observation from our market analysts: Overseas investors tend to jump into U.S. […]

Leave a Reply

Your email address will not be published.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

css.php