{"id":70269,"date":"2015-03-28T16:01:56","date_gmt":"2015-03-28T20:01:56","guid":{"rendered":"http:\/\/countingpips.com\/?p=70269"},"modified":"2015-03-28T16:01:56","modified_gmt":"2015-03-28T20:01:56","slug":"currency-speculators-boosted-us-dollar-bullish-bets-last-week-euro-bets-drop","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/03\/currency-speculators-boosted-us-dollar-bullish-bets-last-week-euro-bets-drop\/","title":{"rendered":"Currency Speculators boosted US Dollar bullish bets last week, Euro bets drop"},"content":{"rendered":"
March 28, 2015<\/div>
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By CountingPips.com<\/strong><\/span><\/p>\n

USD net speculator positions rebound after previous week’s decline
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\"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 renewed their push higher in net bullish positions for the US dollar last week after a sharp decrease the week prior.<\/span><\/p>\n

Non-commercial large futures traders, including hedge funds and large speculators, had an overall US dollar long position totaling $43.91 billion as of Tuesday March 24th, according to the latest data from the CFTC and dollar amount calculations by Reuters. This was a weekly change of +$5.32 billion from the $38.59 billion total long position that was registered on March 17th, 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 latest data brings the US dollar speculative level back over the $40 billion level and to its highest standing in two weeks. The previous week’s level had broken a streak of 11 straight weeks above the $40 billion level and saw bullish positions fall to the lowest level since December 16th 2014.<\/span><\/p>\n

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

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

In terms of total net speculative contracts, overall US dollar contracts rose last week to a total of +412,370 contracts as of Tuesday March 24th. This was a weekly change of +16,217 contracts from the total of +396,153 contracts as of Tuesday March 17th. 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: USD back at bullish position versus all currencies
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\"cot-standings\"<\/a><\/p>\n

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