InvestMacro

By CountingPips.com

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

• This week’s COT results showed that Speculators reduced their bullish bets of the US dollar last week for the first time in four weeks, although bullish positions remain above +$15 billion for the fourth week.

• In the other major markets, WTI Crude speculators continued to pare their bullish bets for the fifth week from their record high bullish position on February 21st.

• The 10-year note speculators, for a fourth straight week, decreased their bearish bets after reaching a record high short position of over -400,000 contracts a month ago.

• In metals, gold speculators boosted their bullish bets higher for a 2nd week while silver and copper speculative bets rebounded after trending down in recent weeks.

• Finally, S&P500 speculators continued to push their bullish bets higher in S&P500 futures for a seventh straight week.

Speculators cooled off their US Dollar bullish bets for 1st time in 4 weeks

US Dollar net speculator positions leveled at $15.27 billion last 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 bullish bets for the US dollar last week following three straight weeks of rises. See full article

WTI Crude Oil Speculators drop bullish net positions for 5th week

The non-commercial contracts of WTI crude futures totaled a net position of 398,080 contracts, according to data from last week. This was a decline of -20,437 contracts from the previous weekly total. See full article

Gold Speculators raised bullish net positions for 2nd week to 4 week high

The large speculator contracts of gold futures advanced to a total net position of 137,820 contracts. This was a weekly gain of 21,568 contracts from the previous week. See full article

10 Year Treasury Note Speculators cut their bearish net positions for 4th week

The large speculator contracts of 10-year treasury note futures totaled a net position of -69,419 contracts. This was a weekly change of 30,935 contracts from the previous week. See full article

Large S&P500 Speculators pushed bullish net positions higher for 7th week

The large speculator contracts of S&P 500 futures totaled a net position of 12,370 contracts. This was a rise of 2,427 contracts from the reported data of the previous week. See full article

Silver Speculators sharply boosted bullish net positions last week

The non-commercial contracts of silver futures totaled a net position of 90,688 contracts, according to data from last week. This was a weekly jump of 11,576 contracts from the previous totals. See full article

Copper Speculator bets rebounded after falling previous 7 weeks

The large speculator contracts of copper futures totaled a net position of 29,865 contracts. This was a weekly advance of 8,195 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

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

US Dollar net speculator positions leveled at $15.27 billion last 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 bullish bets for the US dollar last week following three straight weeks of rises.

Non-commercial large futures traders, including hedge funds and large speculators, had an overall US dollar long position totaling $15.27 billion as of Tuesday March 28th, according to the latest data from the CFTC and dollar amount calculations by Reuters. This was a weekly decline of $-3.17 billion from the $18.44 billion total long 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).

Last week’s speculative aggregate position decline was the largest one week fall since December 20th when the one week decrease was by $-5.56 billion. The US dollar position has remained above the $15 billion level for four straight weeks after falling under this threshold on February 28th.

Weekly Speculator Contract Changes:

The major currencies that improved against the US dollar last week were the euro (11,739 weekly change in contracts), British pound sterling (3,769 contracts), Japanese yen (13,806 contracts) and the Australian dollar (8,183 contracts) .

The currencies whose speculative bets declined last week versus the dollar were the Swiss franc (-4,413 weekly change in contracts), Canadian dollar (-3,814 contracts), New Zealand dollar (-19 contracts) and the Mexican peso (-1,456 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 – Get our weekly COT Reports by Email

WTI Crude Oil Non-Commercial Positions:

Large speculators and commodity traders decreased their net positions in the WTI crude oil futures markets last week for the fifth straight week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial contracts of WTI crude futures, traded by large speculators and hedge funds, totaled a net position of 398,080 contracts in the data reported through March 28th. This was a weekly decline of -20,437 contracts from the previous week which had a total of 418,517 net contracts.

Crude speculative positions are now at their lowest level (and under the +400,000 contract level) since December 6th when net bullish positions totaled +377,626 contracts. The bullish net position has fallen by -158,527 contracts since reaching a record high bullish position on February 21st at +556,607 net contracts.

WTI Crude Oil Commercial Positions:

Meanwhile, the commercial traders position, categorized by the CFTC as hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -410,089 contracts last week. This is a weekly change of 23,348 contracts from the total net of -433,437 contracts reported the previous week.

USO Crude Oil ETF:

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 $10.15 which was a slight edge higher of $0.04 from the previous close of $10.11, according to ETF market data.

*COT Report: The COT data, released weekly to the public each Friday, is updated through the previous 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

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

Gold Non-Commercial Positions:

Large speculators increased their bullish net positions in the gold futures markets last week for the second consecutive 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 Comex gold futures, traded by large speculators and hedge funds, totaled a net position of 137,820 contracts in the data reported through March 28th. This was a weekly rise of 21,568 contracts from the previous week which had a total of 116,252 net contracts.

Gold speculators have now boosted their bullish bets to a four week high (since +163,798 net contracts on February 28th) and bullish bets have risen four out of the last six weeks.

Gold Commercial Positions:

The commercial traders position, categorized by the CFTC as hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -152,114 contracts last week. This is a weekly change of -23,117 contracts from the total net of -128,997 contracts reported the previous week.

Gold ETF:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the GLD ETF, which tracks the price of gold, closed at approximately $119.04 which was a advance of $0.50 from the previous close of $118.54, according to ETF financial market data.

*COT Report: The COT data, released weekly to the public each Friday, is updated through the previous 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

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

10 Year Treasury Note Non-Commercial Positions:

Large speculators and traders decreased their bearish net positions in the 10-year treasury note futures markets 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 10-year treasury note futures, traded by large speculators and hedge funds, totaled a net position of -69,419 contracts in the data reported through March 28th. This was a weekly change of 30,935 contracts from the previous week which had a total of -100,354 net contracts.

Speculative bearish positions have now declined for the fourth straight week after registering a record high bearish level on February 28th at -409,659 net contracts. Over the past four weeks, speculators have trimmed their net bearish  position by a total of 340,240 contracts.

10 Year Treasury Note Commercial Positions:

The commercial traders position, categorized by the CFTC as hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 263,666 contracts last week. This is a weekly change of -63,519 contracts from the total net of 327,185 contracts reported the previous week.

IEF 7-10 Year Bond ETF:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the 7-10 Year Treasury Bond ETF (IEF) closed at approximately $105.38 which was a slight increase of $0.05 from the previous close of $105.33, according to ETF market data.

*COT Report: The COT data, released weekly to the public each Friday, is updated through the previous 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

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

Silver Non-Commercial Positions:

Large speculators and traders sharply increased their bullish net positions in the silver futures markets last week following three weeks of declining bets, 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 Comex silver futures, traded by large speculators and hedge funds, totaled a net position of 90,688 contracts in the data reported through March 28th. This was a weekly boost of 11,576 contracts from the previous week which had a total of 79,112 net contracts.

Last week’s gain in bullish bets marked the largest one week rise since June 14th of 2016 when net bullish positions advanced by +12,598 net contracts. The weekly rise also brought total net bullish positions back over the +90,000 contract level for the first time in three weeks.

Silver Commercial Positions:

The commercial traders position, categorized by the CFTC as hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -101,767 contracts last week. This is a weekly change of -8,033 contracts from the total net of -93,734 contracts reported the previous week.

Silver 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 $17.18 which was an increase of $0.57 from the previous close of $16.61, according to ETF financial market data.

*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).

Article by CountingPips.com

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

Copper Non-Commercial Positions:

Large speculators and traders increased their net positions in the copper futures markets last week for the first time in eight weeks, 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 29,865 contracts in the data reported through March 28th. This was a weekly gain of 8,195 contracts from the previous week which had a total of 21,670 net contracts.

Copper speculative bets, after falling the previous seven weeks, rebounded by the largest one week gain since November 8th when net bullish positions jumped by +28,338 net contracts.

Copper Commercial Positions:

The commercial traders position, categorized by the CFTC as hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -29,643 contracts last week. This is a weekly change of -3,786 contracts from the total net of -25,857 contracts reported the previous week.

Copper ETN:

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 $30.54 which was a rise of $0.72 from the previous close of $29.82, according to financial market data.

*COT Report: The COT data, released weekly to the public each Friday, is updated through the previous 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

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

S&P500 Non-Commercial Positions:

Large speculators continued to increase their bullish net positions in the S&P500 stock futures markets last week for the seventh straight 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 12,370 contracts in the data reported through March 28th. This was a weekly gain of 2,427 contracts from the previous week which had a total of 9,943 net contracts.

Speculative positions are now at their highest level since December 13th when net bullish positions equaled +15,031 net contracts.

S&P500 Commercial Positions:

Meanwhile, the commercial traders position, categorized by the CFTC as hedgers or traders engaged in buying and selling for business purposes, raised their bearish positions for a fourth week to a total net position of -24,081 contracts last week. This is a weekly change of -7,718 contracts from the total net of -16,363 contracts reported the previous week.

S&P500 Stock Market Index:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the S&P500 index closed at approximately 2,358.57 which was a rise of 14.55 from the previous close of 2,344.02, according to market data.

*COT Report: The COT data, released weekly to the public each Friday, is updated through the previous 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

By Admiral Markets

It has come to the attention of Admiral Markets that a clone website has been operating under the same company name. France Financial Markets Regulator Autorité des Marchés Financiers (AMF) has added this fraudulent website to their list of dubious firms:

• www.admiralmarketsltd.com / Admiral Markets Global Solutions Ltd

Admiral Markets is not associated with nor related to this clone company and strongly advises everyone to avoid it entirely. Admiral Markets has taken actions with respective authorities (police, regulators, domain hosts and other institutions) to find a solution, as the clone website misrepresents the Admiral Markets brand.

Admiral Markets is fully regulated by the Financial Conduct Authority (FCA Register No. 595450) and follows all requirements and laws regulating the industry.  Any other unauthorised persons, companies or websites using the Admiral Markets brand for fraudulent activities, not only break the applicable laws, but also do not comply with the basic rules of investor protection, information disclosure, claims handling and other regulatory obligations.

Press contact: [email protected].

Risk disclosure: Forex and CFD’s carry a high level of risk and losses may exceed your initial deposit. Admiral Markets UK Ltd. recommends you seek advice from an independent financial advisor to ensure that you understand the risks involved with Forex, CFD’s, Margin and Leveraged trading.

Article By RoboForex.com

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); D Tenkan-Sen and D Kijun-Sen are influenced by D “Golden Cross” (3). Ichimoku Cloud is still closed (2); Chinkou Lagging Span is below the chart. Short-term forecast: we can expect resistance from Tenkan-Sen – Senkou Span A, and decline of the price.

GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are forming “Dead Cross” (1). Ichimoku Cloud is going up (2); Chinkou Lagging Span is close to the chart. Short-term forecast: we can expect resistance from Tenkan-Sen – Senkou Span B, and decline of the price.

XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1); D Tenkan-Sen and D Kijun-Sen are still influenced by D “Golden Cross” (3). Ichimoku Cloud is moving upwards (2), but started to squeeze, Chinkou Lagging Span is on the chart, and the price is inside the cloud. Short‑term forecast: we can expect resistance from Senkou Span A, and decline of the price towards D Senkou Span A.

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.