By CountingPips.com – Receive our weekly COT Reports by Email
US Dollar Index Non-Commercial Speculator Positions:
Large speculators raised their bearish net positions in the US Dollar Index 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 US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of -3,944 contracts in the data reported through Tuesday September 5th. This was a weekly lowering of -890 contracts from the previous week which had a total of -3,054 net contracts.
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US dollar index speculator positions have now been in short territory for seven straight weeks after turning from bullish to bearish on July 25th. The spec position is now at the most bearish level since April 1st 2014 when net positions totaled -10,053 contracts.
US Dollar Index Commercial Positions:
The commercial traders position, categorized by the CFTC as hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -2,653 contracts on the week. This was a weekly edge higher of 141 contracts from the total net of -2,794 contracts reported the previous week.
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the UUP ETF, which tracks the price of US Dollar Index, closed at approximately $23.95 which was virtually no change from the previous close, according to unofficial market data.
*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures 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).
Article by CountingPips.com – Weekly COT Report