US Dollar Index Non-Commercial Speculator Positions:
Large currency speculators increased their bullish net positions in the US Dollar Index 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 US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of 3,924 contracts in the data reported through Tuesday May 29th. This was a weekly advance of 1,338 contracts from the previous week which had a total of 2,586 net contracts.
Speculators have now increased their bets in favor of the dollar index for six straight weeks as the net position has now been in bullish territory for three weeks in a row. The overall position is at the best level since July 3rd 2017 when net positions totaled 5,836 contracts.
US Dollar Index Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -8,004 contracts on the week. This was a weekly loss of -987 contracts from the total net of -7,017 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 $24.97 which was an advance of $0.36 from the previous close of $24.61, 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).
US Dollar net speculator positions leveled at $-4.85 billion as of Tuesday
The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and currency speculators continued to reduce their aggregate bearish bets for the US dollar this week. See full article
The non-commercial contracts of WTI crude futures totaled a net position of 607,828 contracts, according to data from this week. This was a slide of -25,558 contracts from the previous weekly total. See full article
The large speculator contracts of gold futures totaled a net position of 115,130 contracts. This was a weekly advance of 24,173 contracts from the previous week. See full article
The large speculator contracts of 10-year treasury note futures totaled a net position of -471,067 contracts. This was a weekly reduction of -112,440 contracts from the previous week. See full article
The large speculator futures contracts of S&P500 Mini futures, traded by large speculators and hedge funds, totaled a net position of 124,079 contracts in the data reported through Tuesday May 29th. See full article
The non-commercial contracts of silver futures totaled a net position of 17,453 contracts, according to data from this week. This was a weekly gain of 2,228 contracts from the previous totals. See full article
The large speculator contracts of copper futures totaled a net position of 37,600 contracts. This was a weekly shortfall of -1,412 contracts from the data of the previous week. See full article
The Commitment of Traders report data is published in raw form every Friday by the Commodity Futures Trading Commission (CFTC) and shows the futures positions of market participants as of the previous Tuesday (data is reported 3 days behind).
US Dollar net speculator position stands at $-4.85 billion this week
The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and currency speculators continued to reduce their aggregate bearish bets for the US dollar this week.
Non-commercial large futures traders, including hedge funds and large speculators, had an overall US dollar net position totaling $-4.85 billion as of Tuesday May 29th, according to the latest data from the CFTC and dollar amount calculations by Reuters. This was a weekly rise of $3.13 billion from the $-7.98 billion total position that was registered the previous week, according to the Reuters calculation (totals of the US dollar contracts against the combined contracts of the euro, British pound, Japanese yen, Australian dollar, Canadian dollar and the Swiss franc).
The aggregate speculator bearish position has now fallen for six straight weeks to the best level since January 2nd. Despite the six weeks of improvement, the USD aggregate level remains in bearish territory for the 46th straight week dating back to July 18th of 2017.
Weekly Speculator Contract Changes:
This week saw three substantial changes (+ or – 10,000 contracts) in the individual currency contract level for the speculators category.
The Eurocurrency speculative level dropped by over -10,000 contracts this week as speculator bullish positions have fallen for six straight weeks. The EuroFX bets have now declined to under the +100,000 threshold for the first time since December 26th 2017 when net positions totaled +92,148 contracts.
Canadian dollar speculator bets rose by over +10,000 net contracts this week and gained for the third time out of the past four weeks. The overall position remains negative (-15,690 contracts) but is at the least bearish level since March 20th.
Mexican peso speculative bets continued to decline and fell by over -10,000 contracts for a third straight week. Overall, the speculator peso bets have now dropped for seven consecutive weeks and the MXN spec position has fallen to the lowest level since May 2nd 2017 when net positions totaled +15,115 contracts..
The major currencies that improved against the US dollar this week were the British pound sterling (3,776 weekly change in contracts), Canadian dollar (10,522 contracts) and the New Zealand dollar (2,764 contracts).
The currencies whose speculative bets declined this week versus the dollar were the euro (-16,707 weekly change in contracts), Japanese yen (-5,269 contracts), Swiss franc (-6,120 contracts), Australian dollar (-2,123 contracts) and the Mexican peso (-13,204 contracts).
Table of Weekly Commercial Traders and Speculators Levels & Changes:
Currency
Net Commercials
Comms Weekly Chg
Net Speculators
Specs Weekly Chg
EuroFx
-111,033
12,689
93,037
-16,707
GBP
-4,211
4,417
9,477
3,776
JPY
16,539
-2,562
-8,036
-5,269
CHF
60,914
906
-43,431
-6,120
CAD
18,977
-4,409
-15,690
10,522
AUD
41,322
-1,590
-23,235
-2,123
NZD
2,486
-1,931
1,401
2,764
MXN
-16,661
14,728
18,336
-13,204
This latest COT data is through Tuesday 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. All currency positions are in direct relation to the US dollar where, for example, a bet for the euro is a bet that the euro will rise versus the dollar while a bet against the euro will be a bet that the dollar will gain versus the euro.
Weekly Charts: Large Trader Weekly Positions vs Price
EuroFX:
British Pound Sterling:
Japanese Yen:
Swiss Franc:
Canadian Dollar:
Australian Dollar:
New Zealand Dollar:
Mexican Peso:
*COT Report: The weekly commitment of traders 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). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).
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 charts overlay the forex 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.
Large energy speculators continued to lower their bullish net positions in the WTI Crude Oil 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 WTI Crude Oil futures, traded by large speculators and hedge funds, totaled a net position of 607,828 contracts in the data reported through Tuesday May 29th. This was a weekly decline of -25,558 contracts from the previous week which had a total of 633,386 net contracts.
Speculative bets have cooled off for six straight weeks and by a total of -120,303 contracts over that time-frame. The current net position level has now fallen to the lowest level since December 19th of 2017 when the net standing was at +601,839 contracts.
WTI Crude Oil Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -652,629 contracts on the week. This was a weekly boost of 12,873 contracts from the total net of -665,502 contracts reported the previous week.
USO:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the USO Crude Oil ETF, which tracks the price of WTI crude oil, closed at approximately $13.51 which was a decline of $-1.05 from the previous close of $14.56, 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).
Large bond speculators sharply boosted their bearish net positions in the 10-Year Note futures markets to a new record high 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 10-Year Note futures, traded by large speculators and hedge funds, totaled a net position of -471,067 contracts in the data reported through Tuesday May 29th. This was a weekly decrease of -112,440 contracts from the previous week which had a total of -358,627 net contracts.
Speculative bearish bets saw the largest one-week jump in the past two months and pushed the new record high bearish position above the -470,000 net contract level. This new record level surpasses the previous record that was registered on April 24th with a total of -462,133 contracts.
10-Year Note Commercial Positions:
Meanwhile, the commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 699,183 contracts on the week. This was a weekly gain of 68,970 contracts from the total net of 630,213 contracts reported the previous week.
IEF ETF:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the 7-10 Year Treasury Bond ETF (IEF) closed at approximately $103.0 which was an uptick of $2.22 from the previous close of $100.78, 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).
Large cryptocurrency speculators nudged their bearish net positions up a tick this week in the Bitcoin futures markets, 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 Bitcoin futures, traded by large speculators and hedge funds, totaled a net position of -1,679 contracts in the data reported through Tuesday May 29th. This was a weekly decrease of -20 contracts from the previous week which had a total of -1,659 net contracts.
Speculators had decreased their bearish positions last week by 215 contracts.
Small traders, meanwhile, edged their existing bullish positions higher this week by an equally offsetting +20 contracts to the current level of 1,679 net contracts.
Bitcoin Futures COT Data: Speculators vs Small Traders
The Bitcoin futures data is in its twenty-fourth week since the beginning of the cryptocurrency futures data releases on December 19th. The data includes trader classifications of only speculators and small traders and without commercial traders (typically business hedgers or producers of a commodity).
Speculators are on the bearish side as they have been since the beginning of the bitcoin data releases while the small traders continue to be on the bullish side of this market.
Bitcoin per USD:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Bitcoin Cryptocurrency Futures closed at approximately $7490.64 which was a decline of $-580.39 from the previous close of $8071.03, 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).
Large metals speculators sharply advanced their bullish net positions in the Gold 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 Gold futures, traded by large speculators and hedge funds, totaled a net position of 115,130 contracts in the data reported through Tuesday May 29th. This was a weekly gain of 24,173 contracts from the previous week which had a total of 90,957 net contracts.
Speculative positions bounced back strongly after falling for the previous two weeks and for four out of the previous five weeks. The overall net position is now back above the +100,000 contract level for the first time in three weeks following the best weekly gain of the last nine weeks.
Gold Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -136,689 contracts on the week. This was a weekly loss of -21,114 contracts from the total net of -115,575 contracts reported the previous week.
GLD ETF:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the GLD ETF, which tracks the price of gold, closed at approximately $123.19 which was a rise of $0.78 from the previous close of $122.41, 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).
Large stock market speculators cut back on their bullish net positions in the S&P500 Mini 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 S&P500 Mini futures, traded by large speculators and hedge funds, totaled a net position of 124,079 contracts in the data reported through Tuesday May 29th. This was a weekly decline of -61,165 contracts from the previous week which had a total of 185,244 net contracts.
Speculative positions have declined for two straight weeks and for three out of the past four weeks. The overall net level has fallen to the lowest bullish position since March 20th when the net position totaled +83,293 contracts.
S&P500 Mini Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -514,792 contracts on the week. This was a weekly rise of 16,626 contracts from the total net of -531,418 contracts reported the previous week.
SPY ETF:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the SPY ETF, which tracks the price of S&P500 Index, closed at approximately $269.02 which was a fall of $-3.59 from the previous close of $272.61, 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).
Large speculators cut back on their bearish net positions in the Eurodollar 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 Eurodollar futures, traded by large speculators and hedge funds, totaled a net position of -3,523,424 contracts in the data reported through Tuesday May 29th. This was a weekly gain of 257,896 contracts from the previous week which had a total of -3,781,320 net contracts.
Speculators have reduced the overall bearish net position for three straight weeks and by a total of +516,870 contracts. The current position is the least bearish level since February 13th when the net position totaled -3,404,985 contracts.
Eurodollar Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 4,236,564 contracts on the week. This was a weekly decrease of -264,383 contracts from the total net of 4,500,947 contracts reported the previous week.
ED Futures:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Eurodollar Futures closed at approximately $97.305 which was a boost of $0.365 from the previous close of $96.94, 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).
Large volatility speculators once again raised their bearish bets in the VIX 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 VIX futures, traded by large speculators and hedge funds, totaled a net position of -44,380 contracts in the data reported through Tuesday May 29th. This was a weekly decline of -18,824 contracts from the previous week which had a total of -25,556 net contracts.
Speculative bets have now fallen for seven straight weeks and by a total of -137,293 contracts over that time frame. The current net position is at the most bearish level since January 30th when the net positioning was -59,357 contracts.
VIX Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 42,941 contracts on the week. This was a weekly uptick of 14,500 contracts from the total net of 28,441 contracts reported the previous week.
VIX:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the VIX, which tracks the volatility of the S&P500, closed at approximately 17.02 which was a boost of 3.80 from the previous close of 13.22, 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).
