{"id":33224,"date":"2013-03-10T18:04:59","date_gmt":"2013-03-10T22:04:59","guid":{"rendered":"http:\/\/countingpips.com\/?p=33224"},"modified":"2013-03-12T13:24:10","modified_gmt":"2013-03-12T17:24:10","slug":"large-cot-currency-speculators-continued-to-bet-in-favor-of-us-dollar-last-week","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2013\/03\/10\/large-cot-currency-speculators-continued-to-bet-in-favor-of-us-dollar-last-week\/","title":{"rendered":"Large COT Currency Speculators continued to bet in favor of US Dollar last week"},"content":{"rendered":"

By CountingPips.com<\/strong><\/p>\n

The latest weekly Commitments of Traders (COT) report, released on Friday by the Commodity Futures Trading Commission (CFTC), showed that large futures traders increased their bets sharply in favor of the US dollar once again last week. The bets for American currency have now risen for four straight weeks and are at the highest overall long position since July 17th 2012, according to Reuters.<\/p>\n

 <\/p>\n

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

 <\/p>\n

Non-commercial large futures traders, including hedge funds and large International Monetary Market speculators, registered an overall US dollar long position of $23.57 billion as of Tuesday March 5th. This was a change from a total long position of $14.39\u00a0 billion that was registered on Tuesday February 26th, according to the CFTC\u2019s COT data and trader position calculations by Reuters, which calculates the dollar positions against the euro, British pound, Japanese yen, Australian dollar, Canadian dollar and the Swiss franc.<\/p>\n

Individual Currencies Large Speculators Futures Positions:<\/strong><\/p>\n

The individual currency contracts quoted directly against the US dollar last week saw the euro, British pound sterling, Japanese yen, Swiss franc, Australian dollar, New Zealand dollar, Canadian dollar and the Mexican peso all have a declining number of contracts compared to the previous week.<\/p>\n

 <\/p>\n

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

See More: Individual Currency Articles & Charts for this week<\/strong><\/p>\n

EuroFX: -26,116 contracts<\/span><\/a><\/p>\n

Great Britain Pound: -43,849 contracts<\/span><\/a><\/p>\n

Japanese Yen: -73,351 contracts<\/span><\/a><\/p>\n

Swiss Franc: -11,450 contracts<\/span><\/a><\/p>\n

Canadian Dollar: -46,663 contracts<\/span><\/a><\/p>\n

Australian Dollar: +7,149 contracts<\/span><\/a><\/p>\n

New Zealand Dollar: +19,044 contracts<\/span><\/a><\/p>\n

Mexican Peso: +93,521 contracts<\/span><\/a><\/p>\n

 <\/p>\n

\n

 <\/p>\n

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).<\/p>\n

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.<\/p>\n

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

 <\/p>\n

Article by CountingPips.com<\/strong> \u2013 Forex News & Market Analysis<\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By CountingPips.com The latest weekly Commitments of Traders (COT) report, released on Friday by the Commodity Futures Trading Commission (CFTC), showed that large futures traders increased their bets sharply in favor of the US dollar once again last week. The bets for American currency have now risen for four straight weeks and are at the … <\/p>\n

Continue reading “Large COT Currency Speculators continued to bet in favor of US Dollar last week”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-33224","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/33224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=33224"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/33224\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=33224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=33224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=33224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}