{"id":132103,"date":"2018-08-18T17:03:06","date_gmt":"2018-08-18T21:03:06","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=132103"},"modified":"2018-08-18T17:13:38","modified_gmt":"2018-08-18T21:13:38","slug":"currency-speculators-go-bearish-on-euro-raise-us-dollar-index-bets-for-17th-week","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/08\/currency-speculators-go-bearish-on-euro-raise-us-dollar-index-bets-for-17th-week\/","title":{"rendered":"Currency Speculators go bearish on Euro, raise US Dollar Index bets for 17th week"},"content":{"rendered":"
August 18, 2018<\/div>
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By CountingPips.com<\/strong> – Get our weekly COT Reports by Email<\/strong><\/a><\/p>\n

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This week\u2019s data showed 7 out of 8 major currency levels are bearish<\/strong><\/h3>\n

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 increase their bets for the US dollar Index this week while dragging euro bets into a new bearish standing.<\/p>\n

Non-commercial large futures traders, including hedge funds and large speculators, bet in favor of the\u00a0US Dollar Index (1,931 weekly change in contracts), Japanese yen (4,439 contracts), Swiss franc (259 contracts) and the Australian dollar (2,757 contracts), according to the data reported through Tuesday August 14th.<\/p>\n

On the down side, the\u00a0currencies whose speculative bets declined this week were the\u00a0euro (-12,354 weekly change in contracts), British pound sterling (-1,889 contracts), Canadian dollar (-1,300 contracts), New Zealand dollar (-2,166 contracts) and the Mexican peso (-2,186 contracts).<\/p>\n

Overall, with the euro now dipping into bearish territory, the number of individual currencies that are in a bearish standing has increased to seven out of the eight that we currently track. The only one still with an overall bullish standing is the Mexican peso.<\/p>\n

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Table of Weekly Commercial Traders and Speculators Levels & Changes:<\/strong><\/p>

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<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

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<\/div>\n\n\n\n\n\n\n\n\n\n\n\n
Currency<\/strong><\/td>\nNet Commercials<\/strong><\/td>\nComms Weekly Chg<\/strong><\/td>\nNet Speculators<\/strong><\/td>\nSpecs Weekly Chg<\/strong><\/td>\n<\/tr>\n
EuroFx<\/strong><\/td>\n-10,307<\/td>\n15,787<\/td>\n-1,789<\/td>\n-12,354<\/td>\n<\/tr>\n
GBP<\/strong><\/td>\n84,554<\/td>\n8,315<\/td>\n-60,741<\/td>\n-1,889<\/td>\n<\/tr>\n
JPY<\/strong><\/td>\n80,210<\/td>\n-6,148<\/td>\n-58,368<\/td>\n4,439<\/td>\n<\/tr>\n
CHF<\/strong><\/td>\n65,775<\/td>\n-333<\/td>\n-45,849<\/td>\n259<\/td>\n<\/tr>\n
CAD<\/strong><\/td>\n31,283<\/td>\n1,555<\/td>\n-26,198<\/td>\n-1,300<\/td>\n<\/tr>\n
AUD<\/strong><\/td>\n75,774<\/td>\n-843<\/td>\n-51,783<\/td>\n2,757<\/td>\n<\/tr>\n
NZD<\/strong><\/td>\n30,586<\/td>\n1,938<\/td>\n-26,693<\/td>\n-2,166<\/td>\n<\/tr>\n
MXN<\/strong><\/td>\n-35,256<\/td>\n748<\/td>\n31,074<\/td>\n-2,186<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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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.<\/p><\/blockquote>\n

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US Dollar Index bullish bets keep rising<\/h3>\n\t