Large Currency Speculators trimmed US Dollar bullish bets. GBP & JPY bets drop for 4th week

July 29, 2013 in Forex Articles

By CountingPips.com


cot-values



The weekly Commitments of Traders (COT) report, released on Friday by the Commodity Futures Trading Commission (CFTC), showed that large futures traders and currency speculators cut back on their total bullish bets of the US dollar last week after increasing their positions over the previous three weeks.

Non-commercial large futures traders, including hedge funds and large International Monetary Market speculators, pared their overall US dollar long positions to a total of $28.69 billion as of Tuesday July 23rd. This was a decrease from the total long position of $29.61 billion that was registered on July 16th, according to position calculations by Reuters that derives this total by the amount of US dollar positions against the combined positions of euro, British pound, Japanese yen, Australian dollar, Canadian dollar and the Swiss franc.

COT explanation: The weekly cot 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).

Individual Currencies Large Speculators Positions in Futures:

The large currency speculator net positions for each of the individual major currencies directly against the US Dollar last week showed weekly increases for the euro, Australian dollar, New Zealand dollar, Canadian dollar and the Mexican peso while the British pound sterling, Japanese yen and the Swiss franc all had a declining number of large speculator positions for the week.

Notable changes: Euro net speculative contracts rose modestly for the second straight week while the British pound and Japanese yen net positions both fell for the fourth consecutive week and the Swiss franc net positions dropped for the fifth week.

Individual Currency Charts:


EuroFX:

eur

Last Six Weeks of Large Trader Positions: EuroFX

Date Lg Trader Net Change
06/18/2013 20030 27563
06/25/2013 17357 -2673
07/02/2013 -16090 -33447
07/09/2013 -40900 -24810
07/16/2013 -37165 3735
07/23/2013 -27900 9265



British Pound Sterling:

gbp

Last Six Weeks of Large Trader Positions: Pound Sterling

Date Lg Trader Net Change
06/18/2013 -20406 33281
06/25/2013 -19429 977
07/02/2013 -31324 -11895
07/09/2013 -34259 -2935
07/16/2013 -37446 -3187
07/23/2013 -49653 -12207



Japanese Yen:

jpy

Last Six Weeks of Large Trader Positions: Yen

Date Lg Trader Net Change
06/18/2013 -61890 11016
06/25/2013 -61462 428
07/02/2013 -70736 -9274
07/09/2013 -80305 -9569
07/16/2013 -85762 -5457
07/23/2013 -87496 -1734



Swiss Franc:

chf

Last Six Weeks of Large Trader Positions: Franc

date Lg Trader Net Change Weekly
06/18/2013 5791 26529
06/25/2013 2464 -3327
07/02/2013 -116 -2580
07/09/2013 -1776 -1660
07/16/2013 -4969 -3193
07/23/2013 -5433 -464



Canadian Dollar:

cad

Last Six Weeks of Large Trader Positions: CAD

date Lg Trader Net Change Weekly
06/18/2013 -26087 9820
06/25/2013 -10638 15449
07/02/2013 -16250 -5612
07/09/2013 -23829 -7579
07/16/2013 -20043 3786
07/23/2013 -16758 3285



Australian Dollar:

aud

Last Six Weeks of Large Trader Positions: AUD

date Lg Trader Net Change Weekly
06/18/2013 -63521 -244
06/25/2013 -61644 1877
07/02/2013 -70515 -8871
07/09/2013 -63255 7260
07/16/2013 -70686 -7431
07/23/2013 -63982 6704



New Zealand Dollar:

nzd

Last Six Weeks of Large Trader Positions: NZD

date Lg Trader Net Change Weekly
06/18/2013 2126 -527
06/25/2013 -711 -2837
07/02/2013 -1174 -463
07/09/2013 -1008 166
07/16/2013 -2744 -1736
07/23/2013 -1846 898



Mexican Peso:

mxn

Last Six Weeks of Large Trader Positions: MXN

date Lg Trader Net Change Weekly
06/18/2013 20949 -42825
06/25/2013 4981 -15968
07/02/2013 2847 -2134
07/09/2013 8035 5188
07/16/2013 11366 3331
07/23/2013 19799 8433

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.com

 

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