{"id":60660,"date":"2014-09-21T16:17:26","date_gmt":"2014-09-21T20:17:26","guid":{"rendered":"http:\/\/countingpips.com\/?p=60660"},"modified":"2014-09-21T16:17:26","modified_gmt":"2014-09-21T20:17:26","slug":"large-currency-speculators-bullish-positions-edged-slightly-lower-last-week","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/09\/large-currency-speculators-bullish-positions-edged-slightly-lower-last-week\/","title":{"rendered":"Large Currency Speculators bullish positions edged slightly lower last week"},"content":{"rendered":"
September 21, 2014<\/div>
\r\n<\/div><\/div>

By CountingPips.com<\/strong><\/p>\n

\"cot-R-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 traders and forex speculators slightly pulled back on their overall US dollar bullish bets last week for a second straight week.<\/span><\/p>\n

Non-commercial large futures traders, including hedge funds and large speculators, had an overall US dollar long position totaling $31.42 billion as of Tuesday September 16th, according to the latest data from the CFTC and dollar amount calculations by Reuters. This was a weekly change of just -$0.21 billion from the $31.63 billion total long position that was registered on September 9th, according to the Reuters calculation 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 remains strongly bullish with the US dollar position trading over +$30 billion for five straight weeks. The US dollar index, meanwhile, continued to trade over the 84.00 threshold for a second week.<\/span><\/p>\n

 <\/p>\n

Overall Speculative Net Contracts<\/span><\/strong><\/p>\n

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

In terms of total speculative contracts, overall US dollar contracts advanced last week to +185,458 contracts as of Tuesday September 16th. This was a change by +41,081 contracts from the total of +144,377 contracts as of Tuesday September 9th. This 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>

\r\n
\r\n

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

\r\n

<\/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>

\r\n
\r\n
\r\n

<\/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>

\r\n<\/div>\r\n

\r\n
<\/div>\n

 <\/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 raised their bets last week in favor of the euro, Japanese yen and the Swiss franc while decreasing weekly bets for the British pound sterling, Canadian dollar, Australian dollar, New Zealand dollar and the Mexican peso.<\/span><\/p>\n

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