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Euro Non-Commercial Speculator Positions:
Large speculators cut back on their net positions in the Euro 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 Euro futures, traded by large speculators and hedge funds, totaled a net position of 62,753 contracts in the data reported through Tuesday September 19th. This was a weekly lowering of -23,305 contracts from the previous week which had a total of 86,058 net contracts.
Euro Commercial Positions:
The commercial traders position, categorized by the CFTC as hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -87,338 contracts on the week. This was a weekly increase of 28,847 contracts from the total net of -116,185 contracts reported the previous week.
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the EURUSD Currency Pair closed at approximately $1.19952 which was a gain of $0.00298 from the previous close of $1.19654, 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.com – Weekly COT Report