{"id":54465,"date":"2014-07-20T10:47:37","date_gmt":"2014-07-20T14:47:37","guid":{"rendered":"http:\/\/countingpips.com\/?p=54465"},"modified":"2014-07-20T10:55:01","modified_gmt":"2014-07-20T14:55:01","slug":"large-currency-traders-edged-speculative-us-dollar-bets-lower-last-week","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/07\/large-currency-traders-edged-speculative-us-dollar-bets-lower-last-week\/","title":{"rendered":"Large Currency Traders edged speculative US Dollar bets lower last week"},"content":{"rendered":"
July 20, 2014<\/div>
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By CountingPips.com<\/strong><\/p>\n

\"cot-values\"<\/a><\/p>\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 trader and speculator bets for the US dollar edged slightly lower through July 15th.<\/span><\/p>\n

Non-commercial large futures traders, including hedge funds and large speculators, had an overall US dollar long position totaling $9.94 billion as of Tuesday July 15th, according to the latest data from the CFTC and dollar amount calculations by Reuters. This was a weekly change of -$0.40 billion from the $10.34 billion total long position that was registered on July 8th, according to the calculation by 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 aggregate US dollar position has declined for four out of the last five weeks although the the overall dollar standing has now remained on the bullish side for ten straight weeks after turning bullish on May 13th.<\/span><\/p>\n

Major Currency Weekly Levels & Changes:<\/strong><\/span><\/p>\n

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

Overall changes on the week for the major currencies showed that large speculators bet in favor of the Japanese yen, Swiss franc, Canadian dollar, Australian dollar, New Zealand dollar and the Mexican peso while there were weekly decreases for just the euro and the British pound sterling.<\/span><\/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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This latest COT data is through Tuesday July 15th and provides a glimpse of how large speculators and for-profit traders (non-commercials) 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.<\/span><\/p>\n

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Notable changes on the week for the Major Currencies:<\/strong><\/span><\/p>\n