{"id":52776,"date":"2014-06-15T17:01:49","date_gmt":"2014-06-15T21:01:49","guid":{"rendered":"http:\/\/countingpips.com\/?p=52776"},"modified":"2014-06-15T17:01:49","modified_gmt":"2014-06-15T21:01:49","slug":"large-cot-currency-speculators-increased-bullish-bets-for-5th-straight-week","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/06\/large-cot-currency-speculators-increased-bullish-bets-for-5th-straight-week\/","title":{"rendered":"Large COT Currency Speculators increased bullish bets for 5th straight week"},"content":{"rendered":"
June 15, 2014<\/div>
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By CountingPips.com<\/strong><\/p>\n

\"cot-values\"<\/a><\/p>\n

The latest data for the weekly Commitments of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and speculators continued to increase their US dollar bullish bets for the fifth straight week last week and to the highest standing since February.<\/span><\/p>\n

Non-commercial large futures traders, including hedge funds and large speculators, had an overall US dollar long position totaling $15.95 billion as of Tuesday June 10th, according to the latest data from the CFTC and calculations by Reuters. This was a weekly change of +$4.56 billion from the $11.39 billion total long position that was registered on June 3rd, according to Reuters that totals the US dollar contracts against the combined contracts of the euro, British pound, Japanese yen, Australian dollar, Canadian dollar and the Swiss franc.<\/span><\/p>\n

The US dollar has continued to be on the bullish side for a fifth consecutive week and the aggregate USD position is now at the highest level since February 18th when total bullish contracts equaled +$16.28 billion.<\/span><\/p>\n

Overall changes for the week in the major currencies showed that large speculators bet in favor of the British pound sterling, Australian dollar and the Mexican peso while there were weekly declines for the euro, Swiss franc, Canadian dollar, Japanese yen and the New Zealand dollar.<\/span><\/p>\n

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\"weekly-standings\"<\/a><\/p>\n

Notable changes:<\/strong><\/p>

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