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Forex Speculators reduced US Dollar bullish bets last week after 5 weeks of increases

December 7, 2013 in Forex Analysis

By CountingPips.com

cot-values



The latest data for the weekly Commitments of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large futures traders and speculators slightly trimmed their bullish bets for the US dollar last week after increasing dollar bets for the previous five weeks.

Non-commercial large futures traders, including hedge funds and large International Monetary Market speculators, had an overall US dollar long position totaling $19.85 billion as of Tuesday November 26th, according to data calculations from Reuters. This was a weekly change of -$0.54 billion from the total $20.39 billion position that was recorded on November 26th, according to the data from Reuters which is calculated by the total of US dollar contracts against the combined contracts of the euro, British pound, Japanese yen, Australian dollar, Canadian dollar and the Swiss franc.

US dollar bullish positions had risen the previous five weeks to the highest level since September 10th when US dollar bets were long at a total of $22.01 billion.

 

Individual Currencies Large Speculators Positions in Futures:

The large non-commercial net positions for each of the individual currencies directly against the US dollar saw weekly increases for the euro, British pound sterling and the Swiss franc while there were weekly declines for the Canadian dollar, New Zealand dollar, Japanese yen, Mexican peso and the Australian dollar.

 

Individual Currency Charts:


EuroFX:

eurofx

Last Six Weeks of Large Trader Positions: EuroFX

Date Large Trader Net Positions Weekly Change
10/29/2013 70617 -1817
11/05/2013 33143 -37474
11/12/2013 16826 -16317
11/19/2013 8911 -7915
11/26/2013 -431 -9342
12/03/2013 9312 9743



British Pound Sterling:

gbp

Last Six Weeks of Large Trader Positions: Pound Sterling

Date Lg Trader Net Weekly Change
10/29/2013 10162 -4100
11/05/2013 -2392 -12554
11/12/2013 -9303 -6911
11/19/2013 -1665 7638
11/26/2013 391 2056
12/03/2013 18369 17978



Japanese Yen:

usdjpy

Last Six Weeks of Large Trader Positions: Yen

Date Lg Trader Net Weekly Change
10/29/2013 -62395 9407
11/05/2013 -73792 -11397
11/12/2013 -95107 -21315
11/19/2013 -112216 -17109
11/26/2013 -123202 -10986
12/03/2013 -133383 -10181



Swiss Franc:

chf

Last Six Weeks of Large Trader Positions: Franc

Date Lg Trader Net Weekly Change
10/29/2013 11451 520
11/05/2013 8095 -3356
11/12/2013 3189 -4906
11/19/2013 3669 480
11/26/2013 4652 983
12/03/2013 6547 1895



Canadian Dollar:

cad

Last Six Weeks of Large Trader Positions: CAD

Date Lg Trader Net Weekly Change
10/29/2013 -15237 -9873
11/05/2013 -18002 -2765
11/12/2013 -16092 1910
11/19/2013 -16335 -243
11/26/2013 -28780 -12445
12/03/2013 -41583 -12803



Australian Dollar:

aud

Last Six Weeks of Large Trader Positions: AUD

Date Lg Trader Net Weekly Change
10/29/2013 -23198 -1087
11/05/2013 -25067 -1869
11/12/2013 -35809 -10742
11/19/2013 -35762 47
11/26/2013 -33511 2251
12/03/2013 -44311 -10800



New Zealand Dollar:

nzd

Last Six Weeks of Large Trader Positions: NZD

Date Lg Trader Net Weekly Change
10/29/2013 10625 -2489
11/05/2013 9708 -917
11/12/2013 10366 658
11/19/2013 12476 2110
11/26/2013 10249 -2227
12/03/2013 7639 -2610



Mexican Peso:

mxn

Last Six Weeks of Large Trader Positions: MXN

Date Lg Trader Net Weekly Change
10/29/2013 4896 -2318
11/05/2013 5180 284
11/12/2013 7017 1837
11/19/2013 9539 2522
11/26/2013 12463 2924
12/03/2013 8933 -3530



*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).

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 graphs overlay the forex spot 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.




Article by CountingPips.comForex News