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The weekly Commitments of Traders (COT) report, released on Friday by the Commodity Futures Trading Commission (CFTC), showed that large futures traders continued to add to their total bullish bets of the US dollar again last week. Total US dollar long positions have risen for four consecutive weeks and are at a new high level since 2008 when Reuters started calculating total amount of positions, according to Reuters.<\/p>\n
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 $43.77 billion as of Tuesday May 28th. This was an increase from the total long position of $41.0 billion registered on May 21st, 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.<\/p>\n
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See the full COT report & charts here\u2026<\/strong><\/a><\/span><\/p>\n The US dollar had mixed results last week against the other major currencies in the foreign exchange trading markets. The greenback continued its ascent against the commodity currencies (Australian dollar, New Zealand dollar, Canadian dollar) while falling against the European currencies (euro, British pound sterling, Swiss franc) and also declining against the Japanese yen for a second straight week.<\/p>\n This week\u2019s fundamental calendar is full of important economic events with a major focus on Friday\u2019s US nonfarm payrolls report while there is also three interest rate decisions (Australia, euro zone, United Kingdom) for the markets to digest.<\/p>\n <\/p>\n See the full Technical Currency Pairs post and charts here\u2026<\/strong><\/span><\/a><\/p>\n Monday, June 3<\/strong><\/p>\n United States \u2014 ISM manufacturing Tuesday, June 4<\/strong><\/p>\n Australia \u2014 interest rate decision Wednesday, June 5<\/strong><\/p>\n Australia \u2014 GDP report Thursday, June 6<\/strong><\/p>\n UK \u2014 Bank of England \u2014 interest rate decision Friday, June 7<\/strong><\/p>\n United Kingdom \u2014 trade balance
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\nUS Dollar had Mixed Week vs Major Currencies<\/h2>\n
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\nUpcoming Week\u2019s Economic Events Highlights:<\/strong><\/h2>\n
\nChina \u2014 PMI
\nAustralia \u2014 retail sales<\/p>\n
\nAustralia \u2014 current-account
\nUnited States \u2014 US trade balance<\/p>\n
\neuro zone \u2014 GDP report
\nUnited States \u2014 ISM nonmanufacturing<\/p>\n
\neuro zone \u2014 European central bank \u2014 interest rate decision<\/p>\n
\nGermany \u2014 trade balance
\nUnited States \u2014 nonfarm payrolls report
\nUnited States \u2014 unemployment rate
\nCanada \u2014 employment change and unemployment rate<\/p>\n
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