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Eurodollar Speculators Decreased Their Bearish Bets For 3rd Week

Published 08/05/2018, 01:48 AM
Updated 07/09/2023, 06:31 AM

EuroDollar COT Futures Large Trader Positions

Eurodollar Futures Non-Commercial Speculator Positions:

Large speculators cut back on their bearish net positions in the Eurodollar futures markets again 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 -3,107,506 contracts in the data reported through Tuesday July 31st. This was a weekly lift of 60,427 contracts from the previous week which had a total of -3,167,933 net contracts.

The bearish net position has fallen for three straight weeks and decreased by 183,861 contracts over that time-frame. The overall net position is now at the least bearish position of the past five weeks although the net contracts remain at a standing of more than -3,000,000 contracts for the fifth week as well.

Eurodollar Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 3,814,843 contracts on the week. This was a weekly loss of -60,535 contracts from the total net of 3,875,378 contracts reported the previous week.

EuroDollar COT Futures Large Trader Vs ED Futures

ED Futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Eurodollar Futures closed at approximately $96.94 which was a loss of $-0.03 from the previous close of $96.97, according to unofficial market data.

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