InvestMacro

Article By RoboForex.com

EUR USD, “Euro vs US Dollar”

The EUR/USD pair has returned to the center of the consolidation range and right now is moving inside the ascending channel to reach 1.0782 (an alternative scenario). The main scenario implies that the price may continue falling with the target at 1.0640 and then return to 1.0718.

GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair is moving downwards to reach 1.2452. After that, the instrument may start growing towards 1.2560.

USD CHF, “US Dollar vs Swiss Franc”

Being under pressure, the USD/CHF pair is falling towards 0.9925. Later, in our opinion, the market may start growing with the target at 1.0120.

USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair is trading to rebound from 114.27. Possibly, the price may reach 115.50 and then continue falling inside the downtrend with the target at 112.00.

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is trading to rebound from 0.7550 to the downside. Possibly, today the price may form another structure towards 0.7500 and then grow with the target at 0.7555. Later, in our opinion, the market may continue falling to reach 0.7400.

USD RUB, “US Dollar vs Russian Ruble”

In case of the USD/RUB pair, today the price may probably grow to reach 60.86. After that, the instrument may start falling with the target at 58.50.

XAU USD, “Gold vs US Dollar”

Gold is being corrected towards 1198.70. Later, in our opinion, the market may fall to reach 1179.50 and then start another correction to return to 1198.70.

BRENT

Brent is falling towards the triangle’s downside border. After that, the instrument may grow towards 44.20 and then fall to reach 53.00. However, if the price breaks the pattern’s upside border, the market may continue moving upwards with the target at 59.90.

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.

By Gabriel Ojimadu, Alpari.com

Article by Alpari.com

By CountingPips.com

Here are this week’s links to the latest Commitment of Traders changes.

This week’s results showed that speculators cut positions lower for the US dollar for a 3rd straight week and to the lowest since October. WTI Crude speculators boosted their bets to the highest in years while 10-year note speculators pulled back off of record high short positions for a 2nd week. Gold speculators slightly raised their bullish positions last week and bets are over +100,000 contracts for a 3rd week after a vicious decline in spec positions over the past three months.

Forex Futures Speculators reduced US Dollar bullish positions for 3rd week

US Dollar net speculator positions leveled at $20.04 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 bets for the US dollar last week.

The major currencies that improved against the US dollar last week were the euro (14,152 weekly change in contracts), British pound sterling (3,070 contracts), Japanese yen (10,990 contracts), Swiss franc (39 contracts), Canadian dollar (7,975 contracts), Australian dollar (5,449 contracts), New Zealand dollar (2,405 contracts) and the Mexican peso (8667 contracts).

See full article

WTI Crude Oil Speculators sharply added to bullish bets for 2nd week

The non-commercial contracts of WTI crude futures totaled a net position of 482,523 contracts, according to data from last week. This was a boost of 17,845 contracts from the previous weekly total.

See full article

Gold Speculators bullish net positions rise for 2nd out of 3 weeks

The large speculator contracts of gold futures advanced to a total net position of 109,407 contracts. This was a weekly gain of 2,366 contracts from the previous week.

See full article

10 Year Treasury Note Speculators cut back on bearish net positions

The large speculator contracts of 10-year treasury note futures totaled a net position of -297,179 contracts. This was a weekly change of 78,557 contracts from the previous week.

See full article

S&P500 Speculators trimmed their net bullish positions for 6th week

The large speculator contracts of S&P 500 futures totaled a net position of 1,696 contracts. This was a change of -146 contracts from the reported data of the previous week.

See full article

Silver Speculators raised bullish net positions for 4th week

The non-commercial contracts of silver futures totaled a net position of 71,021 contracts, according to data from last week. This was a weekly gain of 1,539 contracts from the previous totals.

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 Adinah Brown

When venturing into the popular world of Forex trading, traders have available a plethora of training tools that can help them ease their way into the industry. From webinars and videos to books and lectures, there is a wealth of information to be found both on and offline. As blogging has increased in popularity across industries of every kind, FX too has seen the rise of many wisdom sharers that are able to provide invaluable resources to traders of every kind.  Herewith, is our list of the top eight bloggers to keep an eye on during 2017.

Forex Crunch. Offering financial news, forecasts, opinion pieces, tutorials and more, Forex Crunch has been bringing useful information to traders of every level of expertise since 2008. For an all-around view of the Forex industry, Forex Crunch is a blog to bookmark.

Counting Pips. Featuring articles, opinion pieces and a great financial news streaming service, make Counting Pips a site not to be overlooked in 2017. Speculators and industry experts contribute to this excellent Forex blog, chock full of valuable insight about the currency markets.

Trading NRG. If you trade crude oil, natural gas, gold or silver, the daily, weekly and monthly forecasts and analysis provided by Trading NRG is a must. Aside from featuring the news, this blog offers a variety of angles and opinions that are interesting for anyone trading these commodities or precious metals.

Kathy Lien. With a wealth of experience in portfolio management, analysis, research and developing trading strategies, the internationally published author and Managing Director of BK Asset Management, Kathy Lien shares her knowledge of the Forex industry in her unmissable blog.

Forex4noobs. Improve your trading skills, get the right tools and get in the right mindset to become a profitable trader with the guidance of Nick Bencino from Forex4noobs. This blogger’s USP? Price Action to make pips on a consistent basis on any currency pair.

BabyPips. Our all time favorite blog for beginner traders, BabyPips has a candid way of introducing newbie traders into the world of Forex. From educational tools to FX news articles, market analysis and a forum for discussing everything forex make BabyPips a must-follow blog in 2017.

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About the Author:

Adinah Brown is a professional writer who has worked in a wide range of industry settings, including corporate industry, government and non-government organizations. Within many of these positions, Adinah has provided skilled marketing and advertising services and is currently the Content Manager at Leverate.

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

US Dollar net speculator positions fell to $20.04 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 cut back on their bullish bets for the US dollar last week and brought the bullish level to its lowest point since October.

Non-commercial large futures traders, including hedge funds and large speculators, had an overall US dollar long position totaling $20.04 billion as of Tuesday January 24th, according to the latest data from the CFTC and dollar amount calculations by Reuters. This was a weekly decline of $-4.4 billion from the $24.44 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).

The aggregate US dollar speculative position has fallen for three straight weeks and now is at the lowest level since October 25th when positions totaled $18.81 billion. Despite the decline, the overall dollar position still remains above the +20 billion level for a thirteenth straight week.

Table of Weekly Commercial Traders and Speculators Levels & Changes:

All of the major currencies saw improved speculator positions against the US dollar last week (far right column below).

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

10 Year Treasury Note Non-Commercial Positions:

Large speculators and traders sharply reduced 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 -297,179 contracts in the data reported through January 24th. This was a weekly change of 78,557 contracts from the previous week which had a total of -375,736 net contracts.

Speculative traders have now reduced their bearish positions for a second straight week after reaching a record high bearish position on January 10th at a total of -394,689 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 478,362 contracts last week. This is a weekly decline of -115,451 contracts from the total net of 593,813 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 $104.97 which was a decline of $-0.95 from the previous close of $105.92, 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

WTI Crude Oil Non-Commercial Positions:

Large speculators and oil traders raised their net positions in the WTI crude oil futures markets last week for a 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 contracts of WTI crude futures, traded by large speculators and hedge funds, totaled a net position of 482,523 contracts in the data reported through January 24th. This was a weekly change of 17,845 contracts from the previous week which had a total of 464,678 net contracts.

Speculators have now pushed their bullish bets to a multi-year high level and have boosted their bets for seven out of the last nine weeks.

WTI Crude Oil Commercial Positions:

Meanwhile, the commercial traders, categorized by the CFTC as hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -497,940 contracts last week. This is a weekly change of -15,569 contracts from the total net of -482,371 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 $11.37 which was a dip of $-0.06 from the previous close of $11.43, 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 continued to add to their bullish net positions in the silver futures markets last week for a fourth 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 Comex silver futures, traded by large speculators and hedge funds, totaled a net position of 71,021 contracts in the data reported through January 24th. This was a weekly gain of 1,539 contracts from the previous week which had a total of 69,482 net contracts.

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 -83,084 contracts last week. This is a weekly change of -1,348 contracts from the total net of -81,736 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 $16.22 which was an edging lower of $-0.06 from the previous close of $16.28, 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

Gold Non-Commercial Positions:

Large speculators and traders edged their net positions in the gold futures markets higher 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 Comex gold futures, traded by large speculators and hedge funds, totaled a net position of 109,407 contracts in the data reported through January 24th. This was a weekly change of 2,366 contracts from the previous week which had a total of 107,041 net contracts.

Speculative bets in gold managed the second rise out of the last three weeks, perhaps suggesting that a short term bottom or finding of speculative support after a sharp decline over the past few months. Positions had fallen from 217,238 contracts on November 8th to 96,550 contracts on January 3rd before rising back over +100,000 speculative contracts.

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 -126,374 contracts last week. This is a weekly change of -3,263 contracts from the total net of -123,111 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 $115.27 which was a decline of $-0.58 from the previous close of $115.85, 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

S&P500 Non-Commercial Positions:

Large speculators and traders decreased their net positions in the S&P500 stock futures markets for a sixth straight 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 S&P500 futures, traded by large speculators and hedge funds, totaled a net position of 1,696 contracts in the data reported through January 24th. This was a weekly dip of -146 contracts from the previous week which had a total of 1,842 net contracts.

Speculative bets for the SP500 have now fallen to the lowest level since September 20th when positions totaled 675 contracts.

S&P500 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 -7,921 contracts last week. This is a weekly change of 2,833 contracts from the total net of -10,754 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 2280.07 which was a rise of 12.18 from the previous close of 2267.88, 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