InvestMacro

By CountingPips.com – Get our weekly COT Reports by Email

US Dollar net speculator positions fell to $-3.93 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 reduced their 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 $-3.93 billion as of Tuesday November 28th, according to the latest data from the CFTC and dollar amount calculations by Reuters. This was a weekly decline of $-0.78 billion from the $-3.15 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 speculative position has now fallen for two weeks following a streak of seven weeks in which the dollar positions had improved. The aggregate dollar level has remained in a bearish overall standing now for twenty consecutive weeks.

Weekly Speculator Contract Changes:

The major currencies that improved against the US dollar this week were the British pound sterling (4,873 weekly change in contracts), Japanese yen (11,962 contracts), Canadian dollar (533 contracts) and the Mexican peso (9,180 contracts).

The currencies whose speculative bets declined this week versus the dollar were the euro (-5,756 weekly change in contracts), Swiss franc (-444 contracts),  Australian dollar (-935 contracts) and the New Zealand dollar (-628 contracts).

Table of Weekly Commercial Traders and Speculators Levels & Changes:

 

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.

Article by CountingPips.com

By CountingPips.com – Receive our weekly COT Reports by Email

WTI Crude Oil Non-Commercial Speculator Positions:

Large energy speculators boosted their bullish net positions to a new record high in the WTI Crude Oil futures markets this week following a down week last 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 609,833 contracts in the data reported through Tuesday November 28th. This was a weekly rise of 32,755 contracts from the previous week which had a total of 577,078 net contracts.

Speculative positions have ascended above the +600,000 net contract level for the first time and have now gained for six out of the past seven weeks as oil sentiment has surged.

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 -621,796 contracts on the week. This was a weekly shortfall of -37,998 contracts from the total net of -583,798 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 $11.58 which was an uptick of $0.18 from the previous close of $11.4, 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

By CountingPips.com – Receive our weekly COT Reports by Email

10-Year Note Non-Commercial Speculator Positions:

Large treasury speculators raised their bullish net positions in the 10-Year Note futures markets 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 10-Year Note futures, traded by large speculators and hedge funds, totaled a net position of 123,936 contracts in the data reported through Tuesday November 28th. This was a weekly lift of 12,856 contracts from the previous week which had a total of 111,080 net contracts.

Speculative positions have now risen for four straight weeks following the huge decline (-150,873 contracts) that took place on October 31st. The overall net position is at the highest level since that week with a four week increase of +121,212 contracts.

10-Year Note Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 86,636 contracts on the week. This was a weekly loss of -30,817 contracts from the total net of 117,453 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 $106.37 which was a gain of $0.34 from the previous close of $106.03, 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).

Article By CountingPips.com – Receive our weekly COT Reports by Email

By CountingPips.com – Receive our weekly COT Reports by Email

Gold Non-Commercial Speculator Positions:

Large metals speculators 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 224,417 contracts in the data reported through Tuesday November 28th. This was a weekly advance of 22,590 contracts from the previous week which had a total of 201,827 net contracts.

Speculative positions rose for a second straight week and the recent gains have kept the overall standing above the +200,000 contract level for a second week. The bullish net position is now at the highest level since September 19th when bets totaled +236,089 net contracts.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -246,541 contracts on the week. This was a weekly shortfall of -21,485 contracts from the total net of -225,056 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 $122.81 which was an advance of $1.30 from the previous close of $121.51, 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

By CountingPips.com – Receive our weekly COT Reports by Email

S&P500 Non-Commercial Speculator Positions:

Large stock market speculators raised their net positions in the S&P500 futures markets to a new long position 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 futures, traded by large speculators and hedge funds, totaled a net position of 292 contracts in the data reported through Tuesday November 28th. This was a weekly gain of 2,622 contracts from the previous week which had a total of -2,330 net contracts.

The large speculative positions had been in an overall short position for the previous four weeks before this week’s bullish increase pushed bets into a small bullish standing.

S&P500 Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 5,673 contracts on the week. This was a weekly decrease of -3,674 contracts from the total net of 9,347 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 $262.87 which was an advance of $2.88 from the previous close of $259.99, 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

By CountingPips.com – Receive our weekly COT Reports by Email

Silver Non-Commercial Speculator Positions:

Large speculators cut back on their net positions in the Silver 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 Silver futures, traded by large speculators and hedge funds, totaled a net position of 58,782 contracts in the data reported through Tuesday November 28th. This was a weekly reduction of -8,859 contracts from the previous week which had a total of 67,641 net contracts.

The speculative bullish positions fell for a second week and dipped under the +60,000 contract level for the first time in seven weeks.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -73,075 contracts on the week. This was a weekly advance of 7,361 contracts from the total net of -80,436 contracts reported the previous week.

SLV ETF:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the SLV ishares ETF, which tracks the price of silver, closed at approximately $15.91 which was a fall of $-0.10 from the previous close of $16.01, 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

By CountingPips.com – Receive our weekly COT Reports by Email

Copper Non-Commercial Speculator Positions:

Large speculators advanced their net positions in the Copper 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 Copper futures, traded by large speculators and hedge funds, totaled a net position of 43,923 contracts in the data reported through Tuesday November 28th. This was a weekly gain of 3,310 contracts from the previous week which had a total of 40,613 net contracts.

Speculative positions rose for a second week to the highest level in a month and ascended back above the +40,000 contract level for a second week.

Copper Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -50,871 contracts on the week. This was a weekly loss of -4,958 contracts from the total net of -45,913 contracts reported the previous week.

JJC ETF:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the JJC iPath Bloomber Copper ETN, which tracks the price of copper, closed at approximately $35.11 which was a loss of $-0.60 from the previous close of $35.71, 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

By CountingPips.com – Get our weekly COT Reports by Email

Here is a short summary and this week’s links (below) to the latest Commitment of Traders changes that was released on Friday.

Speculators raised their US Dollar bearish bets for 2nd week

WTI Crude Oil Speculators boost positions to new record high

10-Year Note Speculators keep pushing bullish net positions higher for 4th straight week

Gold Speculators bullish net positions sharply raised for 2nd week

Large S&P500 Speculators pushed bets into a new bullish level

Silver Speculators decreased bullish bets for 2nd week, now under +60,000 contracts

Copper Spec positions saw increase in bullish bets again this week

Currency Speculators increased US Dollar bearish positions for 2nd week

US Dollar net speculator positions leveled at $-3.93 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 reduced their bets for the US dollar this week. See full article

WTI Crude Oil Speculators bullish bets rebounded this week to new record

The non-commercial contracts of WTI crude futures totaled a net position of 609,833 contracts, according to data from this week. This was a lift of 32,755 contracts from the previous weekly total. See full article

Gold Speculators sharply boosted their bullish bets this week

The large speculator contracts of gold futures totaled a net position of 224,417 contracts. This was a weekly advance of 22,590 contracts from the previous week. See full article

10-Year Note Speculators continued to boost their bullish bets this week

The large speculator contracts of 10-year treasury note futures totaled a net position of 123,936 contracts. This was a weekly increase of 12,856 contracts from the previous week. See full article

S&P500 Speculators boosted bullish bets this week

The large speculator contracts of S&P 500 futures totaled a net position of 292 contracts. This was a rise of 2,622 contracts from the reported data of the previous week. See full article

Silver Speculators dropped their bullish net positions for 2nd week

The non-commercial contracts of silver futures totaled a net position of 58,782 contracts, according to data from this week. This was a weekly fall of -8,859 contracts from the previous totals. See full article

Copper Speculators raised bullish net positions for 2nd week

The large speculator contracts of copper futures totaled a net position of 43,923 contracts. This was a weekly boost of 3,310 contracts from the data of the previous week. See full article

Article by CountingPips.com

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).

To learn more about this data please visit the CFTC website at http://www.cftc.gov/MarketReports/CommitmentsofTraders/index.htm

Article By RoboForex.com

BTC USD, “Bitcoin vs US Dollar”

As we can see at the H4 chart, after reaching all-time highs, the BTC/USD pair has been corrected to the downside by 38.2%. The next targets of the correction may be the retracements of 50.0% and 61.8% at 8486.61 and 7787.85 respectively. The high at the main resistance level are at 11427.00.

At the H1 chart, the pair is being corrected to the upside and has already reached the retracement of 50.0%. The next targets of the correction may be retracements of 61.8% and 76.0% at 10415.23 and 10783.84 respectively.

ETH USD, “Ethereum vs. US Dollar”

As we can see at the H4 chart, after reaching its targets, the ETH/USD pair has been corrected by 50.0%. The next downside target may be the retracement of 61.8% at 367.90. However, if we suppose that the correction is already complete, then the price is expected to break the high at 516.90 and then reach the post-correctional extension area between the retracements of 138.2% and 161.8% at 567.18 and 599.81 respectively.

At the H1 chart, the pair is being corrected towards the retracements of 50.0%, 61.8%, and 76.0% at 451.58, 467.13, and 485.79 respectively.

RoboForex Analytical Department

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Article By RoboForex.com

EUR USD, “Euro vs US Dollar”

The EUR/USD pair has completed the ascending structure and right now is consolidating at the top. According to the main scenario, the price may fall to reach 1.1700. An alternative scenario suggests that the instrument may grow towards 1.1955, break it, and then extend this wave to reach 1.2100.

GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair has almost completed the ascending structure. Possibly, today the price may form consolidation range, break it to the downside, and then continue falling with the first target at 1.3295.

USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair is consolidating around 0.9843. According to the main scenario, the price may grow towards 0.9915. An alternative scenario suggests that the instrument may break this range to the downside to reach 0.9770 and then resume growing with the target at 1.0100.

USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair has reached the target of the ascending wave and right now is consolidating at the top of it. We think, today the price may fall towards 111.73 and then move upwards to reach 113.20. An alternative scenario suggests that the instrument may form another descending structure with the target at 110.46.

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is consolidating above 0.7547. If later the price breaks this range to the downside, the market may fall towards 0.7496; if to the upside – grow with the target at 0.7660.

USD RUB, “US Dollar vs Russian Ruble”

The USD/RUB pair is still consolidating below 58.58. According to the main scenario, the price may trade to the downside and reach the local target at 57.45. After that, the instrument may grow to return to 58.58 and then start another decline towards 56.55.

XAU USD, “Gold vs US Dollar”

Gold is still moving downwards. We think, today the price may extend this wave towards 1265. Later, in our opinion, the market may start another ascending structure to reach 1282 and then resume falling with the target at 1250.

BRENT

Brent is consolidating above 62.62. Possibly, today the price may break this range upwards and reach the target at 64.20. After that, the instrument may be corrected to return to 62.62 and then resume growing with the target at 66.00.

RoboForex Analytical Department

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.