{"id":61728,"date":"2014-10-12T10:14:26","date_gmt":"2014-10-12T14:14:26","guid":{"rendered":"http:\/\/countingpips.com\/?p=61728"},"modified":"2014-10-12T10:27:24","modified_gmt":"2014-10-12T14:27:24","slug":"currency-speculators-bullish-positions-rise-for-3rd-week-and-over-40-billion","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/10\/currency-speculators-bullish-positions-rise-for-3rd-week-and-over-40-billion\/","title":{"rendered":"Currency Speculators US Dollar bullish positions rise for 3rd week and over +$40 billion"},"content":{"rendered":"
October 12, 2014<\/div>
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By CountingPips.com<\/strong><\/p>\n

\"usd-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 raised their overall US dollar bullish bets last week for a third straight week and over the +$40 billion level for the first time since May 2013.<\/span><\/p>\n

Non-commercial large futures traders, including hedge funds and large speculators, had an overall US dollar long position totaling $40.91 billion as of Tuesday October 7th, according to the latest data from the CFTC and dollar amount calculations by Reuters. This was a weekly change of +$3.55 billion from the $37.36 billion total long position that was registered on September 30th, 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 US dollar’s third straight week of increase pushed the aggregate bullish position to the highest speculative level since May 28th 2013 when the total long position was +$43.77 billion. The dollar’s position is so strong at present that each of the tracked currencies this week have a net bearish position versus the dollar.
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Overall Speculative Net Contracts<\/span><\/strong><\/p>\n

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

In terms of total speculative contracts, overall US dollar contracts rose for a fourth straight week last week to +313,878 contracts as of Tuesday October 7th. This was a change by +32,674 contracts from the total of +281,204 contracts as of Tuesday September 30th. 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>

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Major Currency Weekly Levels & Changes: All currencies have net bearish position versus the USD<\/em>
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\"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 Japanese yen and the Swiss franc while decreasing weekly bets for the euro, 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