{"id":57244,"date":"2014-08-17T15:30:54","date_gmt":"2014-08-17T19:30:54","guid":{"rendered":"http:\/\/countingpips.com\/?p=57244"},"modified":"2014-08-17T15:32:20","modified_gmt":"2014-08-17T19:32:20","slug":"forex-speculators-trim-us-dollar-bets-after-3-weeks-of-rises-mexican-peso-bets-turn-bearish","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/08\/forex-speculators-trim-us-dollar-bets-after-3-weeks-of-rises-mexican-peso-bets-turn-bearish\/","title":{"rendered":"Forex Speculators trim US Dollar bets after 3 weeks of rises. Mexican peso bets turn bearish"},"content":{"rendered":"
August 17, 2014<\/div>
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By CountingPips.com<\/strong><\/p>\n

\"us-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 speculators slightly pulled back on their bullish bets of the US dollar after rises for the previous three weeks.<\/span> Mexican peso positions, meanwhile, declined sharply for a second straight week to turn bearish for the first time in approximately five months.<\/span><\/p>\n

Non-commercial large futures traders, including hedge funds and large speculators, had an overall US dollar long position totaling $27.00 billion as of Tuesday August 12th, according to the latest data from the CFTC and dollar amount calculations by Reuters. This was a weekly change of -$2.41 billion from the $29.41 billion total long position that was registered on August 5th, 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

Despite the decrease in the dollar value of the net speculator positions, overall dollar contracts rose last week to +144,742 contracts as of Tuesday August 5th. This was a change by +15,552 contracts from the total of +129,190 contracts as of Tuesday August 5th.<\/span> The total US dollar contracts calculation takes into account more currencies than the Reuters dollar amount total and 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

\"cot-contract-levels\"<\/a><\/p>\n

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

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

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

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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