Currency Speculators added to US Dollar bullish bets for 1st time in 4 weeks

By CountingPips.com

cot-values


Large Speculator bullish bets increased to $18.92 billion last week

The latest data for the weekly Commitments of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Monday, showed that large futures traders and speculators slightly increased their bullish bets of the US dollar last week for the first time in a month.

Non-commercial large futures traders, including hedge funds and large International Monetary Market speculators, had an overall US dollar long position totaling $18.92 billion as of Tuesday December 24th, according to Reuters. This was a weekly change of +$0.60 billion from the total $18.32 billion bullish position that was recorded on December 17th, according to the calculations from Reuters (total of US dollar contracts against the combined contracts of the euro, British pound, Japanese yen, Australian dollar, Canadian dollar and the Swiss franc).

Large non-commercial positions had fallen for the previous three weeks after reaching a nearly three-month high on November 26th when US dollar bullish bets equaled $20.39 billion.

 

Individual Currencies – Large Speculators Positions in Futures:

The non-commercial net positions for each of the individual currencies directly against the US dollar showed weekly increases for the euro, Canadian dollar, New Zealand dollar and the Mexican peso while there were weekly declines for the British pound sterling, Japanese yen, Swiss franc and the Australian dollar. See charts & data below.

 

Individual Currency Charts:


EuroFX:

eurofx

Last Six Weeks of Large Trader Positions: EuroFX

Date Large Trader Net Positions Weekly Change
11/19/2013 8911 -7915
11/26/2013 -431 -9342
12/03/2013 9312 9743
12/10/2013 15930 6618
12/17/2013 27923 11993
12/24/2013 32172 4249



British Pound Sterling:

gbp

Last Six Weeks of Large Trader Positions: Pound Sterling

Date Lg Trader Net Weekly Change
11/19/2013 -1665 7638
11/26/2013 391 2056
12/03/2013 18369 17978
12/10/2013 18429 60
12/17/2013 17825 -604
12/24/2013 14420 -3405



Japanese Yen:

jpy

Last Six Weeks of Large Trader Positions: Yen

Date Lg Trader Net Weekly Change
11/19/2013 -112216 -17109
11/26/2013 -123202 -10986
12/03/2013 -133383 -10181
12/10/2013 -129711 3672
12/17/2013 -130223 -512
12/24/2013 -143822 -13599



Swiss Franc:

chf

Last Six Weeks of Large Trader Positions: Franc

Date Lg Trader Net Weekly Change
11/19/2013 3669 480
11/26/2013 4652 983
12/03/2013 6547 1895
12/10/2013 11998 5451
12/17/2013 11955 -43
12/24/2013 11920 -35



Canadian Dollar:

cad

Last Six Weeks of Large Trader Positions: CAD

Date Lg Trader Net Weekly Change
11/19/2013 -16335 -243
11/26/2013 -28780 -12445
12/03/2013 -41583 -12803
12/10/2013 -57514 -15931
12/17/2013 -65500 -7986
12/24/2013 -58432 7068



Australian Dollar:

aud

Last Six Weeks of Large Trader Positions: AUD

Date Lg Trader Net Weekly Change
11/19/2013 -35762 47
11/26/2013 -33511 2251
12/03/2013 -44311 -10800
12/10/2013 -45850 -1539
12/17/2013 -51653 -5803
12/24/2013 -54239 -2586



New Zealand Dollar:

nzd

Last Six Weeks of Large Trader Positions: NZD

Date Lg Trader Net Weekly Change
11/19/2013 12476 2110
11/26/2013 10249 -2227
12/03/2013 7639 -2610
12/10/2013 8553 914
12/17/2013 5673 -2880
12/24/2013 6456 783



Mexican Peso:

mxn

Last Six Weeks of Large Trader Positions: MXN

Date Lg Trader Net Weekly Change
11/19/2013 9539 2522
11/26/2013 12463 2924
12/03/2013 8933 -3530
12/10/2013 22530 13597
12/17/2013 15650 -6880
12/24/2013 20178 4528



*COT Report: The weekly commitment of traders report summarizes the total trader positions for open contracts in the futures trading markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators).

The Commitment of Traders report is published every Friday by the Commodity Futures Trading Commission (CFTC) and shows futures positions data that was reported as of the previous Tuesday (3 days behind).

Each currency contract is a quote for that currency directly against the U.S. dollar, a net short amount of contracts means that more speculators are betting that currency to fall against the dollar and a net long position expect that currency to rise versus the dollar.

(The graphs overlay the forex spot closing price of each Tuesday when COT trader positions are reported for each corresponding spot currency pair.)

See more information and explanation on the weekly COT report from the CFTC website.




Article by CountingPips.comForex News & Analysis