{"id":40985,"date":"2014-05-04T09:16:03","date_gmt":"2014-05-04T13:16:03","guid":{"rendered":"http:\/\/countingpips.com\/?p=40985"},"modified":"2014-05-04T09:22:10","modified_gmt":"2014-05-04T13:22:10","slug":"cot-forex-speculators-us-dollar-short-bets-decreased-last-week","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2014\/05\/04\/cot-forex-speculators-us-dollar-short-bets-decreased-last-week\/","title":{"rendered":"Forex COT Speculators decreased US Dollar short bets last week, CAD bets rise"},"content":{"rendered":"

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

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

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 speculators slightly decreased their overall bearish bets of the US dollar last week.<\/p>\n

Non-commercial large futures traders, including hedge funds and large International Monetary Market speculators, had an overall US dollar short position totaling -$0.686 billion as of Tuesday April 29th, according to the latest data from the CFTC and calculations by Reuters. This was a weekly change of +$0.894 billion from the -$1.58 billion total short position that was registered on April 22nd, according to 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.<\/p>\n

The USD position has been on the bearish side (slightly) for the past three weeks after having stayed in bullish territory since October 29th with the highest bullish position reached on January 21st with a +$25.89 total position.<\/p>\n

For the week, speculators increased their bets in favor of just the Canadian dollar while there was weekly declines for the euro, Japanese yen, British pound sterling, Swiss franc, Australian dollar, New Zealand dollar and the Mexican peso.<\/p>\n

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

Notable changes:<\/strong><\/span><\/p>\n