Currency Speculators raised US Dollar bets last week. Aussie positions gain

July 14, 2013 in Forex Analysis

By CountingPips.com


cots-levels



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 added to their total bullish bets of the US dollar last week for a second consecutive week.

Non-commercial large futures traders, including hedge funds and large International Monetary Market speculators, raised their overall US dollar long positions to a total of $27.94 billion as of Tuesday July 9th. This was a rise from the total long position of $22.37 billion that was registered on July 2nd, 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.

USD net long positions are at their highest level since June 11th when bullish positions equaled $28.28 billion, according to Reuters data calculations.

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 last week showed weekly increases for the Australian dollar, New Zealand dollar and the Mexican peso while the euro, British pound sterling, Japanese yen, Swiss franc and the Canadian dollar all had a declining number of large speculator positions for the week.

Notable changes: Euro spec contracts fell for a third straight week and declined further on the short side to the lowest position since June 4th while the Australian dollar positions increased by over 7000 contracts last week, suggesting a short-term bottom may have been reached on July 2nd at -70,515 contracts.

Individual Currency Charts:


EuroFX:

eur

Last Six Weeks of Large Trader Positions: EuroFX

Date Lg Trader Net Change
06/04/2013 -51621 33023
06/11/2013 -7533 44088
06/18/2013 20030 27563
06/25/2013 17357 -2673
07/02/2013 -16090 -33447
07/09/2013 -40900 -24810



British Pound Sterling:

gbp

Last Six Weeks of Large Trader Positions: Pound Sterling

Date Lg Trader Net Change
06/04/2013 -77738 -3213
06/11/2013 -53687 24051
06/18/2013 -20406 33281
06/25/2013 -19429 977
07/02/2013 -31324 -11895
07/09/2013 -34259 -2935



Japanese Yen:

jpy

Last Six Weeks of Large Trader Positions: Yen

Date Lg Trader Net Change
06/04/2013 -82744 17025
06/11/2013 -72906 9838
06/18/2013 -61890 11016
06/25/2013 -61462 428
07/02/2013 -70736 -9274
07/09/2013 -80305 -9569



Swiss Franc:

chf

Last Six Weeks of Large Trader Positions: Franc

date Lg Trader Net Change Weekly
06/04/2013 -25803 3169
06/11/2013 -20738 5065
06/18/2013 5791 26529
06/25/2013 2464 -3327
07/02/2013 -116 -2580
07/09/2013 -1776 -1660



Canadian Dollar:

cad

Last Six Weeks of Large Trader Positions: CAD

date Lg Trader Net Change Weekly
06/04/2013 -39776 -6417
06/11/2013 -35907 3869
06/18/2013 -26087 9820
06/25/2013 -10638 15449
07/02/2013 -16250 -5612
07/09/2013 -23829 -7579



Australian Dollar:

aud

Last Six Weeks of Large Trader Positions: AUD

date Lg Trader Net Change Weekly
06/04/2013 -58550 -16243
06/11/2013 -63277 -4727
06/18/2013 -63521 -244
06/25/2013 -61644 1877
07/02/2013 -70515 -8871
07/09/2013 -63255 7260



New Zealand Dollar:

nzd

Last Six Weeks of Large Trader Positions: NZD

date Lg Trader Net Change Weekly
06/04/2013 6013 -7998
06/11/2013 2653 -3360
06/18/2013 2126 -527
06/25/2013 -711 -2837
07/02/2013 -1174 -463
07/09/2013 -1008 166



Mexican Peso:

mxn

Last Six Weeks of Large Trader Positions: MXN

date Lg Trader Net Change Weekly
05/28/2013 120864 -15999
06/04/2013 82871 -37993
06/18/2013 20949 -42825
06/25/2013 4981 -15968
07/02/2013 2847 -2134
07/09/2013 8035 5188

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

 

Comments are closed.