{"id":53108,"date":"2014-06-21T22:32:12","date_gmt":"2014-06-22T02:32:12","guid":{"rendered":"http:\/\/countingpips.com\/?p=53108"},"modified":"2014-06-21T22:32:12","modified_gmt":"2014-06-22T02:32:12","slug":"forex-cot-currency-speculators-us-dollar-bets-decline-for-1st-time-in-6-weeks","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/06\/forex-cot-currency-speculators-us-dollar-bets-decline-for-1st-time-in-6-weeks\/","title":{"rendered":"Forex: COT Currency Speculators US Dollar bets decline for 1st time in 6 weeks"},"content":{"rendered":"
June 21, 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 decreased their US dollar bullish bets after a run of five straight weekly increases.<\/span><\/p>\n

Non-commercial large futures traders, including hedge funds and large speculators, had an overall US dollar long position totaling $12.19 billion as of Tuesday June 17th, according to the latest data from the CFTC and dollar amount calculations by Reuters. This was a weekly change of -$3.76 billion from the $15.95 billion total long position that was registered on June 10th, according to the Reuters\u00a0calculation<\/span> 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 aggregate US dollar position, despite the weekly decline, remained on the bullish side for a sixth consecutive week. The dollar position had fallen over to a bearish position on April 15th and remained there for four weeks into May before turning bullish on May 13th.<\/span><\/p>\n

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

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

Notable changes:<\/span><\/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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