US Dollar Index Non-Commercial Speculator Positions:
Large speculators decreased their bearish net positions in the US Dollar Index futures markets for a second straight week 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 -820 contracts in the data reported through Tuesday October 31st. This was a weekly gain of 3,381 contracts from the previous week which had a total of -4,201 net contracts.
The speculative level is now at the lowest bearish point since July 18th when net positions equaled +2,052 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 -6,516 contracts on the week. This was a weekly shortfall of -3,969 contracts from the total net of -2,547 contracts reported the previous week.
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 $24.58 which was a gain of $0.16 from the previous close of $24.42, 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 $-3.37 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 bearish bets for the US dollar this week. See full article
The non-commercial contracts of WTI crude futures totaled a net position of 502,949 contracts, according to data from this week. This was a lift of 56,122 contracts from the previous weekly total. See full article
The large speculator contracts of gold futures totaled a net position of 193,095 contracts. This was a weekly advance of 1,710 contracts from the previous week. See full article
The large speculator contracts of 10-year treasury note futures totaled a net position of 2,724 contracts. This was a weekly reduction of -150,873 contracts from the previous week. See full article
The large speculator contracts of S&P 500 futures totaled a net position of -248 contracts. This was a decrease of -1,256 contracts from the reported data of the previous week. See full article
The non-commercial contracts of silver futures totaled a net position of 60,152 contracts, according to data from this week. This was a weekly fall of -4,968 contracts from the previous totals. See full article
The large speculator contracts of copper futures totaled a net position of 47,593 contracts. This was a weekly shortfall of -5,659 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 positions leveled at $-3.37 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 decrease their bearish bets of the US dollar this week.
Non-commercial large futures traders, including hedge funds and large speculators, had an overall US dollar net position totaling $-3.37 billion as of Tuesday October 31st, according to the latest data from the CFTC and dollar amount calculations by Reuters. This was a weekly rise of $4.65 billion from the $-8.02 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).
US dollar aggregate bearish positions have now fallen for five straight weeks to the lowest bearish level since July 18th when bearish bets totaled $-1.91 billion.
Weekly Speculator Contract Changes:
The individual major currencies saw two weekly changes above the (+ or -) 10,000 contract mark this week in the speculators category.
Euro positions declined by over -11,000 contracts this week and have fallen for three straight weeks. The EUR speculative bets are in the lowest position since September 19th when contracts were at +62,753 contracts.
Canadian dollar positions fell by over -14,000 contracts and have also declined for three straight weeks. CAD bullish positions are now in their lowest position since September 12th when contracts were at +50,499 contracts.
Overall, the only major currency that improved against the US dollar this week was the British pound sterling (2,730 weekly change in contracts).
The currencies whose speculative bets declined this week versus the dollar were the euro (-11,407 weekly change in contracts), Japanese yen (-2,012 contracts), Swiss franc (-9,074 contracts), Canadian dollar (-14,493 contracts), Australian dollar (-5,642 contracts), New Zealand dollar (-6,318 contracts) and the Mexican peso (-455 contracts).
Table of Weekly Commercial Traders and Speculators Levels & Changes:
Currency
Net Commercials
Comms Weekly Chg
Net Speculators
Specs Weekly Chg
EuroFx
-83,132
22,466
72,097
-11,407
GBP
-5,776
-2,794
1,245
2,730
JPY
148,617
1,625
-118,869
-2,012
CHF
37,820
12,563
-20,671
-9,074
CAD
-71,778
17,910
57,839
-14,493
AUD
-52,443
16,295
51,608
-5,642
NZD
7,460
7,981
-5,707
-6,318
MXN
-57,274
864
55,246
-455
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 sharply boosted 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 502,949 contracts in the data reported through Tuesday October 31st. This was a weekly advance of 56,122 contracts from the previous week which had a total of 446,827 net contracts.
Speculative positions rose by the largest one week gain since the rise on August 1st (+63,427 contracts) and advanced to the highest overall bullish position since February 14th when positions totaled +508,525 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 -502,874 contracts on the week. This was a weekly decline of -53,285 contracts from the total net of -449,589 contracts reported the previous week.
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 $10.93 which was a boost of $0.39 from the previous close of $10.54, 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 sharply cut back on their net positions in the 10-Year Note 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 10-Year Note futures, traded by large speculators and hedge funds, totaled a net position of 2,724 contracts in the data reported through Tuesday October 31st. This was a large weekly lowering by -150,873 contracts from the previous week which had a total of 153,597 net contracts.
This week’s fall was the largest one week decline since November 29th 2016 when net positions decreased by -268,915 contracts. Speculative positions have dropped for five out of the past six weeks with the overall net position now at the lowest level since April 18th when net positions were in an overall short position of -41,300 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 255,073 contracts on the week. This was a weekly rise of 169,775 contracts from the total net of 85,298 contracts reported the previous week.
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the 7-10 Year Treasury Bond ETF (IEF) closed at approximately $106.00 which was an increase of $0.34 from the previous close of $105.66, 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 precious metal speculators raised their 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 193,095 contracts in the data reported through Tuesday October 31st. This was a weekly increase of 1,710 contracts from the previous week which had a total of 191,385 net contracts.
Speculative positions had fallen for five out of the previous six weeks before this week’s gains. The net position remains under the +200,000 contract level for a second week.
Gold Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -210,648 contracts on the week. This was a weekly advance of just 5 contracts from the total net of -210,653 contracts reported the previous week.
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the GLD ETF, which tracks the price of gold, closed at approximately $120.67 which was a fall of $-0.66 from the previous close of $121.33, 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 speculators reduced their net positions in the S&P500 futures markets this week to a new bearish level, 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 -248 contracts in the data reported through Tuesday October 31st. This was a weekly reduction of -1,256 contracts from the previous week which had a total of 1,008 net contracts.
Speculative positions had been in a small bullish level for the past two weeks before dipping into a bearish position this week.
S&P500 Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -2,065 contracts on the week. This was a weekly decrease of -336 contracts from the total net of -1,729 contracts reported the previous week.
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 $257.15 which was a gain of $0.59 from the previous close of $256.56, 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 metals speculators lowered 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 60,152 contracts in the data reported through Tuesday October 31st. This was a weekly decline of -4,968 contracts from the previous week which had a total of 65,120 net contracts.
The speculative weekly decline follows two weeks of gains while the overall net position level remains in a strong bullish standing above the +60,000 contract level for a third straight week.
Silver Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -71,028 contracts on the week. This was a weekly advance of 5,477 contracts from the total net of -76,505 contracts reported the previous week.
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the SLV ishares ETF, which tracks the price of silver, closed at approximately $15.79 which was a decline of $-0.23 from the previous close of $16.02, 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 net positions in the Copper futures markets this week following a four week streak of gains, 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 47,593 contracts in the data reported through Tuesday October 31st. This was a weekly fall of -5,659 contracts from the previous week which had a total of 53,252 net contracts.
Speculative positions maintain a strong bullish standing and had risen to the best level since January 31st (+57,276 net contracts) before this week’s decline.
Copper Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -52,443 contracts on the week. This was a weekly increase of 4,364 contracts from the total net of -56,807 contracts reported the previous week.
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 $35.51 which was a shortfall of $-1.11 from the previous close of $36.62, 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).
At the H4 chart, the uptrend continues. The BTC/USD pair may reach the post-correctional extension retracement of 261.8% at 8185.00. At the same time, the divergence that is being formed may indicate a possible correction after the price reaches the above-mentioned level.
At the H1 chart, the BTC/USD pair is also trading upwards. The next upside targets may be inside the post-correctional extension area between the retracements of 138.2% and 161.8% at 7516.38 and 7648.27 respectively.
ETH USD, “Ethereum vs. US Dollar”
As we can see at the H4 chart, the ETH/USD pair has been corrected to the downside by 50.0%. The new descending pulse may reach the local low at 273.38 and then continue falling towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 259.60 and 250.42 respectively.
At the H1 chart, the pair is being corrected to the upside and has already reached the retracement of 38.2%. The next targets of the ascending correction may be the retracements of 50.0% and 61.8% at 297.57 and 302.71 respectively.
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.
