{"id":63261,"date":"2014-11-09T11:11:14","date_gmt":"2014-11-09T16:11:14","guid":{"rendered":"http:\/\/countingpips.com\/?p=63261"},"modified":"2014-11-09T11:17:04","modified_gmt":"2014-11-09T16:17:04","slug":"speculators-push-usd-bullish-positions-up-for-2nd-week-euro-positions-continue-to-fall","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/11\/speculators-push-usd-bullish-positions-up-for-2nd-week-euro-positions-continue-to-fall\/","title":{"rendered":"Speculators push USD bullish positions up for 2nd week, Euro positions continue to fall"},"content":{"rendered":"
November 9, 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 currency speculators added to their overall US dollar bullish bets last week for a second straight week and to the highest level of its current bullish cycle.<\/span><\/p>\n

Non-commercial large futures traders, including hedge funds and large speculators, had an overall US dollar long position totaling $44.38 billion as of Tuesday November 4th, according to the latest data from the CFTC and dollar amount calculations by Reuters. This was a weekly change of +$1.99 billion from the $42.39 billion total long position that was registered on October 28th, 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\u2019s aggregate bullish position remains in a very strong state and above the +$40 billion level for a fifth straight week while each of the individual tracked currencies have now had a net bearish position versus the dollar for a fifth week.<\/span><\/p>\n

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Overall Speculative Net US Dollar Contracts<\/strong><\/p>\n

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

In terms of total speculative contracts, overall US dollar contracts advanced higher last week to +366,737 contracts as of Tuesday November 4th. This was a change by +21,104 contracts from the total of +345,633 contracts as of Tuesday October 28th. 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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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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Major Currency Weekly Levels & Changes: One Sided – All currencies have net bearish position versus the USD for 5th 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 the Swiss franc, Canadian dollar and the Mexican Peso while decreasing weekly bets for the euro, British pound sterling, Japanese yen, Australian dollar and the New Zealand dollar.<\/span><\/p>\n

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