{"id":62492,"date":"2014-10-26T14:26:52","date_gmt":"2014-10-26T18:26:52","guid":{"rendered":"http:\/\/countingpips.com\/?p=62492"},"modified":"2014-10-26T14:26:52","modified_gmt":"2014-10-26T18:26:52","slug":"forex-speculators-trimmed-us-dollar-bullish-positions-after-4-weeks-of-rises","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/10\/forex-speculators-trimmed-us-dollar-bullish-positions-after-4-weeks-of-rises\/","title":{"rendered":"Forex Speculators trimmed US Dollar bullish positions after 4 weeks of rises"},"content":{"rendered":"
October 26, 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 trimmed their overall US dollar bullish bets last week after four straight weeks of rises that had brought bullish bets to the highest 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 $41.20 billion as of Tuesday October 21st, according to the latest data from the CFTC and dollar amount calculations by Reuters. This was a weekly change of -$1.84 billion from the $43.04 billion total long position that was registered on October 14th, 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 aggregate bullish position remains at a very strong level above +$40 billion and each of the individual tracked currencies have a net bearish position versus the dollar for a third straight week. Last week’s decline brings the USD position off of its highest level since May 28th 2013 when the total long position was +$43.77 billion.<\/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 edged lower last week (after five straight weekly increases) to +329,955 contracts as of Tuesday October 21st. This was a change by -1,509 contracts from the total of +331,464 contracts as of Tuesday October 14th. 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 3rd week<\/em>
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\"cot-standings\"<\/a><\/p>\n

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

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