{"id":61987,"date":"2014-10-19T10:32:50","date_gmt":"2014-10-19T14:32:50","guid":{"rendered":"http:\/\/countingpips.com\/?p=61987"},"modified":"2014-10-19T10:32:50","modified_gmt":"2014-10-19T14:32:50","slug":"currency-speculators-raised-us-dollar-bullish-positions-higher-for-4th-week","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/10\/currency-speculators-raised-us-dollar-bullish-positions-higher-for-4th-week\/","title":{"rendered":"Currency Speculators raised US Dollar bullish positions higher for 4th week"},"content":{"rendered":"
October 19, 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 traders and currency speculators pushed their overall US dollar bullish bets higher last week for a fourth straight week and to the highest overall level 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 $43.04 billion as of Tuesday October 14th, according to the latest data from the CFTC and dollar amount calculations by Reuters. This was a weekly change of +$2.13 billion from the $40.91 billion total long position that was registered on October 7th, 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 fourth week of gains increased the aggregate bullish position to a new highest speculative level since May 28th 2013 when the total long position was +$43.77 billion. The dollar’s position continues to be very strong and each of the tracked currencies have a net bearish position versus the dollar for a second straight week.<\/span><\/p>\n

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

\"Cot-Contracts\"<\/a><\/p>\n

In terms of total speculative contracts, overall US dollar contracts rose for a fifth straight week last week to +331,464 contracts as of Tuesday October 14th. This was a change by +17,586 contracts from the total of +313,878 contracts as of Tuesday October 7th. 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 for 2nd week<\/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 just the Japanese yen and the Mexican peso while decreasing weekly bets for the euro, British pound sterling, Swiss franc, Canadian dollar, Australian dollar and the New Zealand dollar.<\/span><\/p>\n

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