{"id":71218,"date":"2015-04-18T09:48:00","date_gmt":"2015-04-18T13:48:00","guid":{"rendered":"http:\/\/countingpips.com\/?p=71218"},"modified":"2015-04-18T09:48:00","modified_gmt":"2015-04-18T13:48:00","slug":"currency-speculators-decrease-us-dollar-bullish-bets-for-3rd-consecutive-week","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/04\/currency-speculators-decrease-us-dollar-bullish-bets-for-3rd-consecutive-week\/","title":{"rendered":"Currency Speculators decrease US Dollar bullish bets for 3rd consecutive week"},"content":{"rendered":"
April 18, 2015<\/div>
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By CountingPips.com<\/strong><\/span><\/p>\n

USD net speculator positions decreased last week to $39.68 billion<\/span>
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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 reduced their overall net bullish positions for the US dollar last week for a third straight week and to the lowest level in a month.<\/span><\/p>\n

Non-commercial large futures traders, including hedge funds and large speculators, had an overall US dollar long position totaling $39.68 billion as of Tuesday April 14th, according to the latest data from the CFTC and dollar amount calculations by Reuters. This was a weekly change of -$0.59 billion from the $40.27 billion total long position that was registered on April 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 latest data pushes the US dollar speculative level just under the $40 billion level and to the lowest level since March 17th when the total speculative position was $38.59 billion.<\/span><\/p>\n

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Overall Speculative Net US Dollar Contracts
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\"cot-contracts\"<\/a><\/p>\n

In terms of total net speculative contracts, overall US dollar contracts declined last week for a third straight week to a total of +329,939 contracts as of Tuesday April 14th. This was a weekly change of -31,396 contracts from the total of +361,335 contracts as of Tuesday April 7th. <\/span><\/p>\n

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: <\/strong>NZD, CHF & MXN are now in bullish territory against USD<\/strong><\/span><\/p>\n

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

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