Foreign Currency Speculators added to US Dollar bullish bets for 3rd straight week

By CountingPips.com

Cot aggregate positions


Large Speculator bullish bets advanced to $25.89 billion on January 21st

The latest data for the weekly Commitments of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and futures speculators added to their overall bullish position of the US dollar for a third week and to a new highest level since July.

Non-commercial large futures traders, including hedge funds and large International Monetary Market speculators, had an overall US dollar long position totaling $25.89 billion as of Tuesday January 21st, according to data from Reuters. This was a weekly change of +$3.23 billion from the $22.66 billion total bullish position that was registered on January 14th, according to the calculations by Reuters 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.

The US dollar aggregate positions on January 21st mark the highest level since July 23rd when net US dollar bullish bets equaled $28.69 billion.

 

Net Contract Standings for the week:




Cot-Levels-Weekly




Individual Currencies – Large Speculator Weekly changes:

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




Individual Currency Charts: Large & Small Speculator Positions vs Spot Price

EuroFX:

euro

Last Six Weeks data for EuroFX futures

DateOpen InterestLarge Specs NetLg Specs Weekly ChangeSmall Specs Net
12/17/20132309552792311993-13470
12/24/2013240206321724249-12463
12/31/201324207130589-1583-10160
01/07/201423857014498-16091-20777
01/14/20142434349246-5252-18238
01/21/2014255300-3772-13018-31289



British Pound Sterling:

gbp

Last Six Weeks data for Pound Sterling futures

DateOpen InterestLarge Specs Net PositionsLg Specs Weekly ChangeSmall Specs Net
12/17/201319164817825-60415723
12/24/201319806314420-340519912
12/31/201320688622781836122800
01/07/201419466818178-460318591
01/14/201420137211160-701816988
01/21/20142081128720-244015099



Japanese Yen:

jpy

Last Six Weeks data for Yen Futures

DateOpen InterestLarge Specs Net PositionsLg Specs Weekly ChangeSmall Specs Net
12/17/2013232743-130223-512-39860
12/24/2013239160-143822-13599-41364
12/31/2013232225-1352288594-40970
01/07/2014230156-1288686360-40260
01/14/2014218324-11806610802-34238
01/21/2014217548-1149613105-32811



Swiss Franc:

chf

Last Six Weeks data for Franc futures

DateOpen InterestLarge Specs Net PositionsLg Specs Weekly ChangeSmall Specs Net
12/17/20134736711955-438316
12/24/20135113111920-357118
12/31/20135113910889-10316818
01/07/2014420874727-61624102
01/14/201442791-2941-76682549
01/21/201442110-19211020-2263



Canadian Dollar:

cad

Last Six Weeks data for Canadian dollar futures

DateOpen InterestLarge Specs Net PositionsLg Specs Weekly ChangeSmall Specs Net
12/17/2013187136-65500-7986-16020
12/24/2013149359-584327068-15677
12/31/2013149037-57956476-15983
01/07/2014156950-60542-2586-17128
01/14/2014171370-67345-6803-16966
01/21/2014169456-70327-2982-19477



Australian Dollar:

aud

Last Six Weeks data for Australian dollar futures

DateOpen InterestLarge Specs Net PositionsLg Specs Weekly ChangeSmall Specs Net
12/17/2013113118-51653-5803-15114
12/24/2013117884-54239-2586-17882
12/31/2013120071-57414-3175-16660
01/07/2014122121-56852562-16350
01/14/2014112341-519884864-14003
01/21/2014137503-64654-12666-23115



New Zealand Dollar:

nzd

Last Six Weeks data for New Zealand dollar futures

DateOpen InterestLarge Specs Net PositionsLg Specs Weekly ChangeSmall Specs Net
12/17/2013179395673-28801673
12/24/20131866864567831724
12/31/20131874867072511770
01/07/201420039786611591966
01/14/201422870961417481898
01/21/2014228178556-10581532



Mexican Peso:

mxn

Last Six Weeks data for Mexican Peso futures

DateOpen InterestLarge Specs Net PositionsLg Specs Weekly ChangeSmall Specs Net
12/17/201311461415650-68805374
12/24/20131237332017845285022
12/31/201311680315605-45735162
01/07/20141170081760720024577
01/14/201411299813717-38904766
01/21/2014121142-3628-17345626



*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.




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