By CountingPips.com – Receive our weekly COT Reports by Email
US Dollar Index Non-Commercial Speculator Positions:
Large currency speculators raised their bullish net positions in the US Dollar Index futures markets higher again 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 US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of 4,663 contracts in the data reported through Tuesday June 12th. This was a weekly rise of 249 contracts from the previous week which had a total of 4,414 net contracts.
Speculators have now increased their bets in favor of the US dollar index futures for an eighth straight week. The overall dollar position has now been in bullish territory for five consecutive weeks and is at the highest bullish level since July 3rd 2017 when the total was +5,836 contracts.
US Dollar Index Commercial Positions:
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The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -9,801 contracts on the week. This was a weekly shortfall of -409 contracts from the total net of -9,392 contracts reported the previous week.
UUP:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the UUP ETF, which tracks the price of US Dollar Index, closed at approximately $24.71 which was a decrease of $-0.04 from the previous close of $24.75, 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 – Receive our weekly COT Reports by Email
