{"id":70603,"date":"2015-04-04T12:36:08","date_gmt":"2015-04-04T16:36:08","guid":{"rendered":"http:\/\/countingpips.com\/?p=70603"},"modified":"2015-04-04T12:36:08","modified_gmt":"2015-04-04T16:36:08","slug":"forex-speculators-cut-back-on-us-dollar-bullish-bets-last-week","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/04\/forex-speculators-cut-back-on-us-dollar-bullish-bets-last-week\/","title":{"rendered":"Forex Speculators cut back on US Dollar bullish bets last week"},"content":{"rendered":"
April 4, 2015<\/div>
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By CountingPips.com<\/strong><\/span><\/p>\n

Overall Speculative Net US Dollar Contracts
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\"cot-contracts\"<\/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 cut back on their\u00a0net bullish positions for the US dollar last week. All the major\u00a0currencies saw a boost in speculative positions\u00a0against the US dollar on\u00a0the week except the euro while the Swiss franc and the New Zealand dollar saw their positions turn bullish.<\/span><\/p>\n

Non-commercial large futures traders, including hedge funds and large speculators, decreased their overall net speculative contracts last week to a total of +366,640 contracts as of Tuesday March 31st. This was a weekly change of -45,730 contracts from the total of +412,370 contracts as of Tuesday March 24th.<\/span><\/p>\n

This total US dollar contracts calculation 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>\n

The drop in the total US dollar contracts was the biggest weekly decrease since December 16th 2014 when weekly bullish positions fell by -61,880 contracts while\u00a0the current USD position is also at its lowest level since December.<\/span><\/p>\n

Major Currency Weekly Levels & Changes:\u00a0<\/strong><\/span>Swiss Franc and New Zealand dollar turn slightly bullish against USD<\/strong><\/p>

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Free Reports:<\/p><\/div>\r\n

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<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

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

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