{"id":55708,"date":"2014-08-10T12:33:58","date_gmt":"2014-08-10T16:33:58","guid":{"rendered":"http:\/\/countingpips.com\/?p=55708"},"modified":"2014-08-10T12:33:58","modified_gmt":"2014-08-10T16:33:58","slug":"forex-speculators-sharply-raised-us-dollar-bets-last-week-as-euro-bets-dropped-to-2-year-low","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/08\/forex-speculators-sharply-raised-us-dollar-bets-last-week-as-euro-bets-dropped-to-2-year-low\/","title":{"rendered":"Forex Speculators sharply raised US Dollar bets last week as Euro bets dropped to 2-year low"},"content":{"rendered":"
August 10, 2014<\/div>
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By CountingPips.com<\/strong><\/p>\n

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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 speculators sharply raised their bullish bets in favor of the US dollar for a third straight week and to the highest total contracts level since March.<\/span> Euro bets, meanwhile, continued to decline last week and fell to the lowest level since August 2012.<\/span><\/p>\n

Non-commercial large futures traders, including hedge funds and large speculators, had a total US dollar position of +129,190 contracts as of Tuesday August 5th, according to the latest currency data from the CFTC. This was a weekly change of +115,893 contracts from the total position of +13,297 contracts that was registered on July 29th. The total US dollar contracts calculation is derived by adding the sum of each individual currencies net position versus the dollar. Currency contracts used in the calculation are the euro, British pound, Japanese yen, Swiss franc, Canadian dollar, Australian dollar, New Zealand dollar and the Mexican peso.<\/span><\/p>\n

The jump in the US dollar position last week marked the highest overall level since March 4th when bullish positions equaled +134,006 contracts.<\/span><\/p>\n

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

Overall changes on the week for the major currencies showed that large speculators decreased bets for all of the major currencies except the US dollar with many significant weekly position changes.<\/span><\/p>

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Free Reports:<\/p><\/div>\r\n

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<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/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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Notable changes on the week for the Major Currencies:<\/span><\/strong><\/p>\n