Breaking News
0

FX Speculators Raise US Dollar Bearish Bets For 2nd Week Euro Bets At Record High

By Zachary StorellaForexApr 22, 2018 02:37AM ET
www.investing.com/analysis/fx-speculators-raise-us-dollar-bearish-bets-for-2nd-week-euro-bets-at-record-high-200307601
FX Speculators Raise US Dollar Bearish Bets For 2nd Week Euro Bets At Record High
By Zachary Storella   |  Apr 22, 2018 02:37AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

US Dollar COT Large Speculators Sentiment Vs UUP ETF
US Dollar COT Large Speculators Sentiment Vs UUP ETF

US Dollar net speculator positions fell to $-23.42 billion this week

The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and currency speculators increased their aggregate bearish bets for the US dollar this week. Meanwhile, in the individual currency contracts this week, speculators pushed their bullish bets to a new record high level.

Non-commercial large futures traders, including hedge funds and large speculators, had an overall US dollar net position totaling $-23.42 billion as of Tuesday April 17th, according to the latest data from the CFTC and dollar amount calculations by Reuters. This was a weekly decline of $-0.65 billion from the $-22.77 billion total position that was registered the previous week, according to the Reuters calculation (totals of the US dollar contracts against the combined contracts of the euro, British pound, Japanese yen, Australian dollar, Canadian dollar and the Swiss franc).

The speculative aggregate bearish positions rose for a second straight week and have now remained above the $-20 billion level for a fifth straight week. Since the beginning of the year, the dollar position has fallen from a bearish level of $-4.62 billion to this week’s bearish level of $-23.42 billion.

Weekly Change In US Dollar Speculators Aggregate Positions
Weekly Change In US Dollar Speculators Aggregate Positions

Weekly Speculator Contract Changes:

The individual currency contracts data for this week saw a notable change in the euro positioning.

Euro speculative bets rose higher for a second week this week and brought the overall net position (+151,476 contracts) to a new all-time high position. This week’s record surpasses the previous record that was recorded on January 31st with a total standing of +148,742 contracts.

Overall, the major currencies that improved against the US dollar this week were the euro (4,013 weekly change in contracts), British pound sterling (4,686 contracts), Swiss franc (223 contracts), Canadian dollar (1,348 contracts) and the New Zealand dollar (4,776 contracts).

The currencies whose speculative bets declined this week versus the dollar were the Japanese yen (-170 weekly change in contracts), Australian dollar (-7,359 contracts) and the Mexican peso (-377 contracts).

Table of Weekly Commercial Traders and Speculators Levels & Changes:

Table of Weekly Commercial Traders
Table of Weekly Commercial Traders

Weekly Charts: Large Trader Weekly Positions vs Price

EuroFX:

EuroFX: COT Futures Large Traders vs EUR/USD
EuroFX: COT Futures Large Traders vs EUR/USD

British Pound Sterling:

GBP: COT Futures Large Traders v GBP/USD
GBP: COT Futures Large Traders v GBP/USD

Japanese Yen:

JPY: COT Futures Large Traders vs JPY/USD
JPY: COT Futures Large Traders vs JPY/USD

Swiss Franc:

CHF: COT Futures Large Traders vs CHF/USD
CHF: COT Futures Large Traders vs CHF/USD

Canadian Dollar:

CAD: COT Futures Large Traders vs CAD/USD
CAD: COT Futures Large Traders vs CAD/USD

Australian Dollar:

AUD: COT Futures Large Traders vs AUD/USD
AUD: COT Futures Large Traders vs AUD/USD

New Zealand Dollar:

NZD: COT Futures Large Traders vs NZD/USD
NZD: COT Futures Large Traders vs NZD/USD

Mexican Peso:

MXN: COT Futures Large Traders vs MXN/USD
MXN: COT Futures Large Traders vs MXN/USD

*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). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).

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 charts overlay the forex 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.

FX Speculators Raise US Dollar Bearish Bets For 2nd Week Euro Bets At Record High
 
FX Speculators Raise US Dollar Bearish Bets For 2nd Week Euro Bets At Record High

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email