Eurodollar Non-Commercial Speculator Positions:
Large speculators increased their bearish net positions in the Eurodollar futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
The non-commercial futures contracts of Eurodollar futures, traded by large speculators and hedge funds, totaled a net position of -3,291,367 contracts in the data reported through Tuesday July 10th. This was a weekly reduction of -90,786 contracts from the previous week which had a total of -3,200,581 net contracts.
Speculative bearish positions rose for a second straight week following seven weeks of declining bearish bets. The overall bearish level is back above the -3,000,000 net contract level for a second week and is at the most bearish level of the past four weeks.
Eurodollar Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 3,994,199 contracts on the week. This was a weekly rise of 132,953 contracts from the total net of 3,861,246 contracts reported the previous week.
ED Futures:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Eurodollar Futures closed at approximately $96.985 which was a shortfall of $-0.045 from the previous close of $97.03, according to unofficial market data.